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NOG Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
21.030
Open
20.080
VWAP
20.63
Vol
2.63M
Mkt Cap
2.26B
Low
20.060
Amount
54.15M
EV/EBITDA(TTM)
3.51
Total Shares
108.78M
EV
4.78B
EV/OCF(TTM)
3.36
P/S(TTM)
0.99
Northern Oil and Gas, Inc. operates as an independent energy company. The Company is engaged as a non-operator in the acquisition, exploration, development and production of oil and natural gas properties in North America, primarily in the Permian Basin, the Williston Basin, the Appalachian Basin, and the Uinta Basin in the United States. Its principal business is crude oil and natural gas exploration, development, and production in the United States. Its portfolio comprises 400,000 acres of low-breakeven lands with over 12,500 wells. Diversified by basin and across commodity type, its wells are operated by over 100 public and private operators. It engages in oil and natural gas exploration and production by participating on a proportionate basis alongside third-party interests in wells drilled and in spacing units that include its acreage. In addition, it acquires wellbore-only working interests in wells in which it does not hold the underlying leasehold interests from third parties.
Show More

Events Timeline

(ET)
2026-06-01
16:50:00
Northern Oil and Gas Files Automatic Mixed Securities Shelf
select
2026-05-26 (ET)
2026-05-26
06:40:00
Northern Oil and Gas Acquires 25% Interest in Parallax Energy
select
2026-05-26
06:40:00
NOG Updates FY26 Production Guidance to 143,000-148,000
select
2026-04-28 (ET)
2026-04-28
16:20:00
NOG Reports Q1 Revenue of $539.9M, Beating Consensus
select

News

seekingalpha
8.5
05-26seekingalpha
Northern Oil and Gas Acquires 25% Interest in Alberta Oil Properties
  • Acquisition Overview: Northern Oil and Gas (NOG) announced an agreement to acquire a 25% interest in oil properties in Alberta's Duvernay shale basin from Parallax Energy Operating for C$350 million (approximately US$259 million) in cash and stock, significantly enhancing its asset portfolio.
  • Production Capacity Boost: The acquired assets include approximately 4,000 barrels of oil equivalent per day and 75,000 acres of land, which are expected to provide strong support for the company's future production growth and further solidify its market position in the oil and gas industry.
  • Long-term Collaboration Agreement: NOG and Parallax will enter into a long-term joint development agreement with multi-year drilling commitments, which will not only enhance resource development efficiency but also promote synergies in technology and market strategies between the two companies.
  • Future Production Guidance: NOG updated its FY 2026 production guidance, projecting total production to reach 143,000 to 148,000 barrels of oil equivalent per day post-acquisition, with oil production at 71,500 to 73,500 barrels per day, while maintaining capital spending at C$850 million to C$900 million, reflecting the company's confidence in future growth.
Newsfilter
8.5
05-26Newsfilter
NOG Acquires Canadian Light Oil Assets for CA$350 Million
  • Strategic Acquisition: NOG has agreed to acquire a 25% non-operated interest in light oil assets in the Duvernay Shale for CA$350 million (~US$259 million), significantly enhancing its resource allocation capabilities in the North American market.
  • Production Potential: The acquired assets are expected to yield approximately 4,000 Boe per day by 2027, with 80% being light oil, thereby boosting NOG's overall production capacity and market competitiveness.
  • Financial Impact: The initial purchase price will be funded with CA$113 million (~US$83.5 million) in NOG common stock and cash, which is anticipated to positively affect the company's financial metrics, enhancing earnings per share and free cash flow.
  • Long-term Development Agreement: NOG has entered into a long-term Joint Development Agreement with the seller, ensuring multi-year drilling commitments that further solidify its market position in high-quality, low-cost oil and gas resources.
seekingalpha
4.0
05-21seekingalpha
Northern Oil and Gas Downgraded to Outperform by Raymond James
  • Rating Downgrade Impact: Raymond James downgraded Northern Oil and Gas from Strong Buy to Outperform, reducing the price target from $37 to $35, which led to a 1.4% decline in the company's stock on Thursday, reflecting market concerns about its future performance.
  • Hedging Strategy Analysis: Northern Oil has approximately 70% of its oil production hedged for FY 2026 at around $70/bbl, which creates near-term headwinds in the current oil price environment compared to less-hedged peers, impacting the company's competitive position.
  • Optimistic Production Guidance: Despite the adverse effects of the hedging strategy, analysts believe Northern Oil will exceed its production guidance, with management guiding to the top of the low-end activity scenario while analysts expect oil volumes to approach the high-activity scenario, indicating potential for improved operations.
  • Long-Term Outlook: Analysts note that while the current hedge position puts Northern Oil at a disadvantage in a robust oil environment, the combination of increasing industry activity and a smaller hedge profile next year is expected to create a more favorable outlook for the company, reflecting optimism about future market conditions.
seekingalpha
8.0
05-14seekingalpha
Northern Oil & Gas Declares $0.45 Quarterly Dividend
  • Quarterly Dividend Announcement: Northern Oil & Gas (NOG) declares a quarterly dividend of $0.45 per share, consistent with previous distributions, indicating the company's ongoing ability to maintain stable cash flow despite market fluctuations.
  • Dividend Yield: The forward yield of 7.71% makes this dividend attractive to investors seeking stable returns, further solidifying the company's appeal in the capital markets.
  • Shareholder Record Date: The dividend will be payable on July 31, with a record date of June 29 and an ex-dividend date also on June 29, ensuring shareholders receive their payouts promptly and enhancing shareholder confidence.
  • Financial Performance Overview: Despite NOG reporting a GAAP EPS of -$5.31, missing expectations by $5.99, and revenue of $5.02 million falling short by $501.98 million, the company continues to uphold its dividend payments, demonstrating financial resilience.
seekingalpha
9.5
04-29seekingalpha
Northern Oil and Gas Q1 2026 Earnings Call Insights
  • Record Deal Activity: Northern Oil and Gas achieved a record 41 transactions in Q1 2026, adding over 5,100 net acres and 6 net wells, demonstrating strong market performance under controlled capital, which is expected to enhance future production capacity and market share.
  • Strong Production Performance: The average daily production exceeded 148,000 BOE per day in Q1, marking a 6% sequential increase and setting a company record, indicating robust operational performance in the Appalachia region that effectively addresses market volatility challenges.
  • Capital Expenditure and Liquidity: Capital expenditures for the quarter totaled $270 million, with approximately $227 million allocated to organic development, while the nearly $230 million equity offering bolstered liquidity, providing over $1.2 billion available for future investments, ensuring flexibility.
  • Market Outlook Uncertainty: Despite strong performance in Q1, management refrained from updating 2026 guidance due to significant commodity price volatility, anticipating that natural gas realizations in the Permian will remain weak for the next few quarters until infrastructure projects come online.
NASDAQ.COM
2.0
04-29NASDAQ.COM
NOG Q1 2026 Earnings Call Transcript
Wall Street analysts forecast NOG stock price to rise
7 Analyst Rating
Wall Street analysts forecast NOG stock price to rise
3 Buy
3 Hold
1 Sell
Moderate Buy
Current: 0.000
sliders
Low
25.00
Averages
28.33
High
33.00
Current: 0.000
sliders
Low
25.00
Averages
28.33
High
33.00
Johnson Rice
Charles Meade
Accumulate
to
Hold
downgrade
$36
AI Analysis
2026-05-20
Reason
Johnson Rice
Charles Meade
Price Target
$36
AI Analysis
2026-05-20
downgrade
Accumulate
to
Hold
Reason
Johnson Rice analyst Charles Meade downgraded Northern Oil and Gas to Hold from Accumulate with a $36 price target.
BofA
Noah Hungness
Buy
downgrade
$34 -> $33
2026-04-27
Reason
BofA
Noah Hungness
Price Target
$34 -> $33
2026-04-27
downgrade
Buy
Reason
BofA analyst Noah Hungness lowered the firm's price target on Northern Oil and Gas to $33 from $34 and keeps a Buy rating on the shares. The firm is updating its price targets for U.S. Oil and Gas stocks under its coverage, the analyst tells investors. BofA believes the market is positioned for de-escalation and sees a forward outlook marked by flare-ups and heightened geopolitical risks.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for NOG
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Valuation Metrics

The current forward P/E ratio for Northern Oil and Gas Inc (NOG.N) is 5.06, compared to its 5-year average forward P/E of 5.79. For a more detailed relative valuation and DCF analysis to assess Northern Oil and Gas Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
5.79
Current PE
5.06
Overvalued PE
7.67
Undervalued PE
3.92

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
2.86
Current EV/EBITDA
-7.77
Overvalued EV/EBITDA
4.70
Undervalued EV/EBITDA
1.02

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
1.37
Current PS
0.94
Overvalued PS
1.62
Undervalued PS
1.12

Financials

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Whales Holding NOG

C
Caxton Associates (USA) LLC
Holding
NOG
+26.82%
3M Return

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Frequently Asked Questions

What is Northern Oil and Gas Inc (NOG) stock price today?

The current price of NOG is 20.79 USD — it has increased 1.81

What is Northern Oil and Gas Inc (NOG)'s business?

Northern Oil and Gas, Inc. operates as an independent energy company. The Company is engaged as a non-operator in the acquisition, exploration, development and production of oil and natural gas properties in North America, primarily in the Permian Basin, the Williston Basin, the Appalachian Basin, and the Uinta Basin in the United States. Its principal business is crude oil and natural gas exploration, development, and production in the United States. Its portfolio comprises 400,000 acres of low-breakeven lands with over 12,500 wells. Diversified by basin and across commodity type, its wells are operated by over 100 public and private operators. It engages in oil and natural gas exploration and production by participating on a proportionate basis alongside third-party interests in wells drilled and in spacing units that include its acreage. In addition, it acquires wellbore-only working interests in wells in which it does not hold the underlying leasehold interests from third parties.

What is the price predicton of NOG Stock?

Wall Street analysts forecast NOG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NOG is28.33 USD with a low forecast of 25.00 USD and a high forecast of 33.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Northern Oil and Gas Inc (NOG)'s revenue for the last quarter?

Northern Oil and Gas Inc revenue for the last quarter amounts to 544.09M USD, decreased -6.25

What is Northern Oil and Gas Inc (NOG)'s earnings per share (EPS) for the last quarter?

Northern Oil and Gas Inc. EPS for the last quarter amounts to -5.31 USD, decreased -482.01

How many employees does Northern Oil and Gas Inc (NOG). have?

Northern Oil and Gas Inc (NOG) has 64 emplpoyees as of June 15 2026.

What is Northern Oil and Gas Inc (NOG) market cap?

Today NOG has the market capitalization of 2.26B USD.