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Northern Oil and Gas, Inc.

$27.22 +$5.21 (+23.67%)
NYSE · 15 Sep 2026 18:05 UTC
Previous Close
$26.36
Day Range
$26.62$27.3
Year Range
$17.18$31.17
Market Cap
2.96B
AVG Volume
2.84M
Trailing/Forward PE
-5.34/7.05
PEG ratio
3.08
Dividend Yield
6.61%
Next Earnings Date
2026-11-09
Primary Exchange
New York Stock ExchangeUS
Revenue (USD)
01B2B3B2016201720182019202020212022202320242025
NOG Revenue (USD) by year
PeriodRevenue (USD)
20252.1B
20242.16B
20231.91B
20221.99B
2021975.09M
2020324.07M
2019498.21M
2018480.34M
2017204.25M
2016155.68M
Net Income (USD)
-1B-500M0500M1B2016201720182019202020212022202320242025
NOG Net Income (USD) by year
PeriodNet Income (USD)
202538.76M
2024520.31M
2023922.97M
2022773.24M
20216.36M
2020-906.04M
2019-76.32M
2018143.69M
2017-9.19M
2016-293.49M
Operating Income (USD)
-1B-500M0500M1B1.5B2016201720182019202020212022202320242025
NOG Operating Income (USD) by year
PeriodOperating Income (USD)
2025609.68M
2024837.83M
20231.12B
2022853.19M
202177.96M
2020-841.24M
201955.51M
2018326.17M
201760.49M
2016-229.31M
EBITDA (USD)
-1B01B2B2016201720182019202020212022202320242025
NOG EBITDA (USD) by year
PeriodEBITDA (USD)
20251.05B
20241.58B
20231.62B
20221.11B
2021206.44M
2020-685.58M
2019214.56M
2018350.3M
2017119.02M
2016-169.16M
Cash Flows (USD)
-800M-600M-400M-200M0200M2016201720182019202020212022202320242025
NOG Cash Flows (USD) by year
PeriodCash Flows (USD)
2025-295.47M
2024-308.69M
2023-661.93M
2022-431.36M
2021-197.32M
202047.76M
2019-229.38M
2018-230.32M
2017-46.44M
20168.74M
EPS (USD)
-60-40-200202016201720182019202020212022202320242025
NOG EPS (USD) by year
PeriodEPS (USD)
20250.39
20245.14
202310.04
20228.22
2021-1.02
2020-22.99
2019-2
20181.98
2017-1.39
2016-48.06
Expenses (USD)
0500M1B1.5B2BSG&ACapex2016201720182019202020212022202320242025
NOG Expenses (USD) by year
PeriodExpenses (USD)
20251.86B
20241.77B
20231.89B
20221.41B
2021624.12M
2020302.47M
2019592.75M
2018489.15M
2017138.4M
2016107.91M
Cash & Debt (USD)
01B2B3BCashLong Term DebtShort Term Debt2016201720182019202020212022202320242025
NOG Cash & Debt (USD) by year
PeriodCash & Debt (USD)
202514.3M
20248.93M
20238.2M
20222.53M
20219.52M
20201.43M
201916.07M
20182.36M
2017102.18M
20166.49M
Debt ratios
-600-400-200020020182019202020212022202320242025
NOG Debt ratios by year
PeriodDebt ratios
20250.44
20240.52
20230.81
20221.81
20219.26
2020-553.97
20192.14
2018-1.21
Margins
0%20%40%60%80%2016201720182019202020212022202320242025
NOG Margins by year
PeriodMargins
202532.23%
202438.64%
202347.92%
202266.25%
202160.15%
20204.89%
201943.03%
201860.88%
201746.09%
201632.64%
Return on Capital
-200%0%200%400%600%2016201720182019202020212022202320242025
NOG Return on Capital by year
PeriodReturn on Capital
20251.82%
202422.42%
202345.07%
2022103.75%
20212.96%
2020405.74%
2019-13.66%
201833.43%
20171.87%
201660.21%
Shares Outstanding
050M100M150M2016201720182019202020212022202320242025
NOG Shares Outstanding by year
PeriodShares Outstanding
202597.71M
2024100.34M
202399.28M
202281.3M
202170.66M
202045.52M
201940.12M
201837.88M
20176.36M
20166.07M
Dividends (USD)
00.511.52202120222023202420252026
NOG Dividends (USD) by year
PeriodDividends (USD)
20261.35
20251.8
20241.64
20231.49
20220.88
20210.15
Employee Count
0204060802016201720182019202020212022202320242025
NOG Employee Count by year
PeriodEmployee Count
202564
202449
202338
202233
202125
202025
201924
201820
201718
201619
Book Value Per Share (USD)
-100-500502016201720182019202020212022202320242025
NOG Book Value Per Share (USD) by year
PeriodBook Value Per Share (USD)
202521.76
202423.13
202320.63
20229.17
20213.04
2020-4.91
201913.92
201811.35
2017-77.14
2016-80.25
Total Assets (USD)
02B4B6B2016201720182019202020212022202320242025
NOG Total Assets (USD) by year
PeriodTotal Assets (USD)
20255.41B
20245.6B
20234.48B
20222.88B
20211.52B
2020872.09M
20191.91B
20181.5B
2017632.25M
2016431.53M
PE Ratio
020406080med 5.94Aug 24Nov 24Feb 25Jun 25Sep 25Jan 26Apr 26
NOG PE Ratio by year
PeriodPE Ratio
Apr 2667.33
Apr 2661.89
Apr 2667.91
Apr 2671.32
Mar 2677.69
Mar 2672.7
Mar 2669.35
Mar 2672.75
Feb 2669.55
Feb 2615.09
Feb 2613.92
Feb 2613.74
Jan 2613.4
Jan 2612.57
Jan 2611.92
Jan 2611.72
Jan 2611.8
Dec 2511.47
Dec 2511.55
Dec 2512.12
Dec 2513.32
Nov 2512
Nov 2511.5
Nov 2511.96
Nov 2511.58
Oct 253.57
Oct 253.47
Oct 253.48
Oct 253.55
Oct 254.03
Sep 254.46
Sep 254.04
Sep 254.1
Sep 254
Aug 254.21
Aug 254.04
Aug 253.92
Aug 253.94
Aug 254.03
Jul 254.33
Jul 254.15
Jul 254.68
Jul 254.53
Jun 254.41
Jun 254.76
Jun 254.89
Jun 254.37
May 254.04
May 254.1
May 254.33
May 254.04
May 253.87
Apr 254.66
Apr 254.67
Apr 254.34
Apr 254.51
Mar 255.81
Mar 255.81
Mar 255.67
Mar 255.3
Feb 256.07
Feb 256.36
Feb 254.17
Feb 254.18
Jan 254.27
Jan 254.51
Jan 254.99
Jan 254.75
Jan 254.55
Dec 244.28
Dec 244.23
Dec 244.84
Dec 244.78
Nov 245.17
Nov 245.13
Nov 244.81
Nov 244.86
Nov 246.36
Oct 246.62
Oct 246.61
Oct 247.08
Oct 247.04
Sep 246.24
Sep 246.58
Sep 246.11
Sep 246.2
Aug 247.06
Aug 247.03
Aug 246.85
Aug 246.73
Aug 246.84
Jul 246.79
Jul 246.98
Jul 246.67
Jul 246.43
Jun 246.28
Jun 246.21
Jun 246.26
Jun 246.35
May 246.92
Free Cash Flow Yield
-60%-40%-20%0%20%med -9.58%Dec 24Apr 25Jul 25Nov 25Feb 26Jun 26Sep 26
NOG Free Cash Flow Yield by year
PeriodFree Cash Flow Yield
Sep 26-30.04%
Sep 26-29.8%
Sep 26-30.55%
Aug 26-30.78%
Aug 26-28.97%
Aug 26-32.32%
Aug 26-36.66%
Jul 26-35.97%
Jul 26-35.92%
Jul 26-35.9%
Jul 26-41.08%
Jul 26-42.38%
Jun 26-39.69%
Jun 26-39.14%
Jun 26-36.59%
Jun 26-36.26%
May 26-34.95%
May 26-32.03%
May 26-31.14%
May 26-32.51%
May 26-28.69%
Apr 26-11.32%
Apr 26-12.32%
Apr 26-11.22%
Apr 26-10.69%
Mar 26-9.81%
Mar 26-10.49%
Mar 26-10.99%
Mar 26-10.48%
Feb 26-10.96%
Feb 26-6.24%
Feb 26-6.77%
Feb 26-6.85%
Jan 26-7.03%
Jan 26-7.49%
Jan 26-7.9%
Jan 26-8.04%
Jan 26-7.98%
Dec 25-8.21%
Dec 25-8.16%
Dec 25-7.77%
Dec 25-7.07%
Nov 25-7.85%
Nov 25-8.19%
Nov 25-7.87%
Nov 25-8.13%
Oct 25-10.94%
Oct 25-11.23%
Oct 25-11.21%
Oct 25-10.98%
Oct 25-9.67%
Sep 25-8.75%
Sep 25-9.66%
Sep 25-9.51%
Sep 25-9.74%
Aug 25-9.25%
Aug 25-9.64%
Aug 25-9.94%
Aug 25-9.89%
Aug 25-9.67%
Jul 25-5.38%
Jul 25-5.62%
Jul 25-4.98%
Jul 25-5.14%
Jun 25-5.28%
Jun 25-4.9%
Jun 25-4.76%
Jun 25-5.33%
May 25-5.76%
May 25-5.68%
May 25-5.39%
May 25-5.77%
May 25-6.02%
Apr 25-12.73%
Apr 25-12.72%
Apr 25-13.68%
Apr 25-13.15%
Mar 25-10.2%
Mar 25-10.22%
Mar 25-10.47%
Mar 25-11.19%
Feb 25-9.77%
Feb 25-9.32%
Feb 252.51%
Feb 252.5%
Jan 252.45%
Jan 252.32%
Jan 252.09%
Jan 252.2%
Jan 252.3%
Dec 242.44%
Dec 242.47%
Dec 242.16%
Dec 242.19%
Nov 242.02%
Nov 242.04%
Nov 242.17%
Nov 242.15%
Nov 24-8.43%
Oct 24-8.09%
Price to Sales
0.511.522.5med 1.19Dec 24Apr 25Jul 25Nov 25Feb 26Jun 26Sep 26
NOG Price to Sales by year
PeriodPrice to Sales
Sep 261.25
Sep 261.26
Sep 261.23
Aug 261.22
Aug 261.3
Aug 261.17
Aug 261.03
Jul 261.01
Jul 261.01
Jul 261.01
Jul 260.89
Jul 260.86
Jun 260.92
Jun 260.93
Jun 260.99
Jun 261
May 261.04
May 261.14
May 261.17
May 261.12
May 261.27
Apr 261.25
Apr 261.14
Apr 261.26
Apr 261.32
Mar 261.44
Mar 261.35
Mar 261.28
Mar 261.35
Feb 261.29
Feb 261.25
Feb 261.15
Feb 261.14
Jan 261.11
Jan 261.04
Jan 260.98
Jan 260.97
Jan 260.97
Dec 250.95
Dec 250.95
Dec 251
Dec 251.1
Nov 250.99
Nov 250.95
Nov 250.99
Nov 250.96
Oct 250.98
Oct 250.95
Oct 250.95
Oct 250.97
Oct 251.1
Sep 251.22
Sep 251.11
Sep 251.12
Sep 251.1
Aug 251.15
Aug 251.11
Aug 251.07
Aug 251.08
Aug 251.1
Jul 251.27
Jul 251.22
Jul 251.37
Jul 251.33
Jun 251.29
Jun 251.39
Jun 251.43
Jun 251.28
May 251.19
May 251.2
May 251.27
May 251.18
May 251.13
Apr 251.12
Apr 251.12
Apr 251.04
Apr 251.09
Mar 251.4
Mar 251.4
Mar 251.36
Mar 251.27
Feb 251.46
Feb 251.53
Feb 251.62
Feb 251.62
Jan 251.66
Jan 251.75
Jan 251.94
Jan 251.84
Jan 251.76
Dec 241.66
Dec 241.64
Dec 241.87
Dec 241.85
Nov 242
Nov 241.99
Nov 241.86
Nov 241.88
Nov 241.66
Oct 241.73
EV/EBITDA
010203040med 3.45Dec 24Apr 25Jul 25Nov 25Feb 26Jun 26Sep 26
NOG EV/EBITDA by year
PeriodEV/EBITDA
Sep 2617.02
Sep 2617.09
Sep 2616.87
Aug 2616.81
Aug 2617.34
Aug 2616.4
Aug 2615.45
Jul 2629.03
Jul 2629.05
Jul 2629.05
Jul 2627.39
Jul 2627.04
Jun 2627.8
Jun 2627.97
Jun 2628.81
Jun 2628.92
May 2629.42
May 2630.65
May 2631.07
May 2630.43
May 2632.37
Apr 264.75
Apr 264.55
Apr 264.77
Apr 264.9
Mar 265.14
Mar 264.95
Mar 264.83
Mar 264.95
Feb 264.84
Feb 264.11
Feb 263.94
Feb 263.91
Jan 263.86
Jan 263.74
Jan 263.64
Jan 263.61
Jan 263.62
Dec 253.58
Dec 253.59
Dec 253.67
Dec 253.85
Nov 253.65
Nov 253.58
Nov 253.65
Nov 253.59
Oct 252.54
Oct 252.51
Oct 252.51
Oct 252.54
Oct 252.7
Sep 252.85
Sep 252.7
Sep 252.72
Sep 252.69
Aug 252.76
Aug 252.71
Aug 252.66
Aug 252.67
Aug 252.7
Jul 252.84
Jul 252.77
Jul 252.97
Jul 252.92
Jun 252.87
Jun 253
Jun 253.05
Jun 252.86
May 252.74
May 252.76
May 252.84
May 252.74
May 252.68
Apr 253.03
Apr 253.03
Apr 252.92
Apr 252.98
Mar 253.41
Mar 253.41
Mar 253.36
Mar 253.24
Feb 253.5
Feb 253.59
Feb 252.88
Feb 252.89
Jan 252.93
Jan 253.03
Jan 253.25
Jan 253.14
Jan 253.05
Dec 242.93
Dec 242.91
Dec 243.18
Dec 243.15
Nov 243.33
Nov 243.31
Nov 243.17
Nov 243.19
Nov 243.81
Oct 243.91
Price/Operating Cashflow
11.522.53med 1.78Dec 24Apr 25Jul 25Nov 25Feb 26Jun 26Sep 26
NOG Price/Operating Cashflow by year
PeriodPrice/Operating Cashflow
Sep 262.02
Sep 262.04
Sep 261.99
Aug 261.97
Aug 262.1
Aug 261.88
Aug 261.66
Jul 261.47
Jul 261.47
Jul 261.47
Jul 261.28
Jul 261.24
Jun 261.33
Jun 261.35
Jun 261.44
Jun 261.45
May 261.51
May 261.65
May 261.69
May 261.62
May 261.84
Apr 261.73
Apr 261.59
Apr 261.75
Apr 261.84
Mar 262
Mar 261.87
Mar 261.79
Mar 261.87
Feb 261.79
Feb 261.84
Feb 261.7
Feb 261.68
Jan 261.64
Jan 261.54
Jan 261.46
Jan 261.43
Jan 261.44
Dec 251.4
Dec 251.41
Dec 251.48
Dec 251.63
Nov 251.47
Nov 251.41
Nov 251.46
Nov 251.42
Oct 251.5
Oct 251.46
Oct 251.46
Oct 251.5
Oct 251.7
Sep 251.88
Sep 251.7
Sep 251.73
Sep 251.69
Aug 251.77
Aug 251.7
Aug 251.65
Aug 251.66
Aug 251.7
Jul 251.97
Jul 251.89
Jul 252.13
Jul 252.06
Jun 252.01
Jun 252.16
Jun 252.23
Jun 251.99
May 251.84
May 251.86
May 251.97
May 251.84
May 251.76
Apr 251.72
Apr 251.72
Apr 251.6
Apr 251.67
Mar 252.15
Mar 252.14
Mar 252.09
Mar 251.96
Feb 252.24
Feb 252.35
Feb 252.39
Feb 252.39
Jan 252.45
Jan 252.58
Jan 252.86
Jan 252.72
Jan 252.61
Dec 242.45
Dec 242.42
Dec 242.77
Dec 242.74
Nov 242.96
Nov 242.94
Nov 242.76
Nov 242.79
Nov 242.68
Oct 242.79
Price to Book
0.7511.251.51.752med 1.17Dec 24Apr 25Jul 25Nov 25Feb 26Jun 26Sep 26
NOG Price to Book by year
PeriodPrice to Book
Sep 261.4
Sep 261.41
Sep 261.38
Aug 261.37
Aug 261.45
Aug 261.3
Aug 261.15
Jul 261.17
Jul 261.17
Jul 261.17
Jul 261.02
Jul 260.99
Jun 261.06
Jun 261.07
Jun 261.15
Jun 261.16
May 261.2
May 261.31
May 261.35
May 261.29
May 261.46
Apr 261.23
Apr 261.13
Apr 261.24
Apr 261.3
Mar 261.42
Mar 261.33
Mar 261.26
Mar 261.33
Feb 261.27
Feb 261.22
Feb 261.12
Feb 261.11
Jan 261.08
Jan 261.01
Jan 260.96
Jan 260.95
Jan 260.95
Dec 250.93
Dec 250.93
Dec 250.98
Dec 251.08
Nov 250.97
Nov 250.93
Nov 250.97
Nov 250.94
Oct 250.9
Oct 250.88
Oct 250.88
Oct 250.9
Oct 251.02
Sep 251.12
Sep 251.02
Sep 251.03
Sep 251.01
Aug 251.06
Aug 251.02
Aug 250.99
Aug 250.99
Aug 251.02
Jul 251.17
Jul 251.12
Jul 251.26
Jul 251.22
Jun 251.19
Jun 251.28
Jun 251.32
Jun 251.18
May 251.09
May 251.11
May 251.17
May 251.09
May 251.04
Apr 251.04
Apr 251.05
Apr 250.97
Apr 251.01
Mar 251.3
Mar 251.3
Mar 251.27
Mar 251.19
Feb 251.36
Feb 251.43
Feb 251.51
Feb 251.51
Jan 251.55
Jan 251.63
Jan 251.81
Jan 251.72
Jan 251.65
Dec 241.55
Dec 241.53
Dec 241.75
Dec 241.73
Nov 241.87
Nov 241.86
Nov 241.74
Nov 241.76
Nov 241.74
Oct 241.81
Northern Oil and Gas, Inc.
NOG
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News: NOG

Northern Oil And Gas: My Conviction Holds As Unit Economics Strengthen In Q2

seekingalpha.com · 10 Sep 2026

Northern Oil And Gas: My Conviction Holds As Unit Economics Strengthen In Q2

Northern Oil and Gas (NOG) remains a Strong Buy, supported by robust adjusted EBITDA growth and a steep sector discount. NOG's strategic pivot toward natural gas and improved per-barrel economics offset recent hedge-driven earnings volatility. Refinancing has lowered interest costs, supporting margin expansion and a sustainable, growing dividend currently yielding over 7%.

Northern Oil and Gas, Inc. (NYSE:NOG) Given Consensus Rating of “Hold” by Analysts

defenseworld.net · 31 Aug 2026

Northern Oil and Gas, Inc. (NYSE:NOG) Given Consensus Rating of “Hold” by Analysts

Northern Oil and Gas, Inc. (NYSE: NOG - Get Free Report) has been assigned an average recommendation of "Hold" from the nine ratings firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy

Freestone Grove Partners LP Invests $1.49 Million in Northern Oil and Gas, Inc. $NOG

defenseworld.net · 30 Aug 2026

Freestone Grove Partners LP Invests $1.49 Million in Northern Oil and Gas, Inc. $NOG

Freestone Grove Partners LP purchased a new position in shares of Northern Oil and Gas, Inc. (NYSE: NOG) in the undefined quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 82,063 shares of the company's stock, valued at approximately $1,489,000. Freestone Grove Partners LP owned about 0.08%

NOG Announces Pricing of $500 Million Private Offering of Senior Notes

businesswire.com · 19 Aug 2026

NOG Announces Pricing of $500 Million Private Offering of Senior Notes

MINNEAPOLIS--(BUSINESS WIRE)--NOG ANNOUNCES PRICING OF $500 MILLION PRIVATE OFFERING OF SENIOR NOTES.

Is NOG a Buy Now as Low Valuation Meets Commodity and Leverage Risks?

zacks.com · 19 Aug 2026

Is NOG a Buy Now as Low Valuation Meets Commodity and Leverage Risks?

NOG's low valuation and strong free cash flow offer appeal, but leverage, commodity exposure and operator reliance keep the setup balanced.

Northern Oil and Gas: Big Upside, If You Can Stomach The Risks

seekingalpha.com · 19 Aug 2026

Northern Oil and Gas: Big Upside, If You Can Stomach The Risks

Northern Oil and Gas is a non-operator oil & gas company trading at a deep discount, with a 7%+ dividend yield and robust free cash flow. NOG's business model enables capital flexibility and consistent free cash flow but exposes it to commodity price swings and limits operational control. Q2 2026 saw free cash flow rise 26% year-over-year to $159M, with management guiding up to $500M for 2026 and expanding buyback capacity.

NOG Announces Proposed $500 Million Private Offering of Senior Notes

gurufocus.com · 19 Aug 2026

NOG Announces Proposed $500 Million Private Offering of Senior Notes

Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced that it intends to offer, subject to market and other conditions, $500 m

NOG Announces Proposed $500 Million Private Offering of Senior Notes

businesswire.com · 19 Aug 2026

NOG Announces Proposed $500 Million Private Offering of Senior Notes

MINNEAPOLIS--(BUSINESS WIRE)--NOG ANNOUNCES PROPOSED $500 MILLION PRIVATE OFFERING OF SENIOR NOTES.

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