NOG Share Price | Northern Oil & Gas, Inc. Stock Analysis & Recommendation

Q: How big is Northern Oil & Gas, Inc.?

Market Cap: As of Jun 18, Northern Oil & Gas, Inc. has a market capitalization of 3,112.14 million, classifying it as a Small Cap company.Recent Quarterly Performance: For the latest four quarters, Northern Oil & Gas, Inc. reported net sales of 2,209.22 million and a net profit of 647.69 million.Balance Sheet Snapshot: As of Dec 24, the company's shareholder's funds amounted to 2,320.43 million, while total assets were reported at 5,603.82 million.

Q: What does Northern Oil & Gas, Inc. do?

Overview:Northern Oil and Gas, Inc. is an independent energy company engaged in the acquisition, exploration, development, and production of oil and natural gas properties within the oil industry, categorized as a small-cap company.Financial Snapshot:Most recent Net Sales: 580 Million (Quarterly Results - Mar 2025) Most recent Net Profit: 139 Million (Quarterly Results - Mar 2025) Market-cap: USD 3,112.14 Million (Small Cap)Key Metrics:P/E: 5.00 Dividend Yield: 5.14% Debt Equity: 0.95 Return on Equity: 22.56% Price to Book: 1.30 Contact Details:Address: 601 Carlson Pkwy Ste 990, MINNETONKA MN: 55305-5218 Tel: 1 952 4769800 Website: http://www.northernoil.com/

Q: Is Northern Oil & Gas, Inc. overvalued or undervalued?

As of 29 April 2025, the valuation grade for Northern Oil & Gas, Inc. moved from expensive to very attractive, indicating a significant improvement in its valuation outlook. The company is currently undervalued, with a P/E ratio of 5, which is notably lower than its peer Ovintiv, Inc. at 6.38, and an EV to EBITDA ratio of 3.27, compared to the industry average reflected by peers like Antero Resources Corp. at 8.49. Additionally, the company boasts a solid ROE of 22.56%, further supporting its attractive valuation.In terms of peer comparison, Northern Oil & Gas, Inc. stands out with a P/E ratio of 4.35, which is significantly lower than the industry average, while Murphy Oil Corp. has a P/E of 12.81, reinforcing Northern's undervaluation. Despite recent underperformance with a YTD return of -29.33% compared to the S&P 500's 12.22%, the long-term perspective shows a remarkable 5-year return of 386.30%, suggesting potential for recovery and growth ahead.

Q: Is Northern Oil & Gas, Inc. technically bullish or bearish?

As of 3 October 2025, the technical trend for Northern Oil & Gas, Inc. has changed from mildly bearish to bearish. The current stance is bearish, with key indicators supporting this view including a bearish signal from the daily moving averages and a bearish MACD on the monthly timeframe. The weekly KST and Bollinger Bands also indicate bearish conditions. In terms of performance, the stock has underperformed the S&P 500 significantly over the year, with a return of -35.70% compared to the S&P 500's 17.82%. Over the year-to-date, the stock is down 31.38% while the S&P 500 has gained 14.18%.

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

1.63 M

Shareholding (Dec 2025)

FII

9.62%

Held by 125 FIIs

DII

23.96%

Held by 81 DIIs

Promoter

0.00%

How big is Northern Oil & Gas, Inc.?

22-Jun-2025

As of Jun 18, Northern Oil & Gas, Inc. has a market capitalization of $3.11 billion, with recent net sales of $2.21 billion and a net profit of $647.69 million.

View full answer

What does Northern Oil & Gas, Inc. do?

22-Jun-2025

Northern Oil and Gas, Inc. is an independent energy company focused on acquiring, exploring, developing, and producing oil and natural gas properties. As of March 2025, it reported net sales of $580 million and a net profit of $139 million, with a market cap of $3.11 billion.

View full answer

Who are in the management team of Northern Oil & Gas, Inc.?

22-Jun-2025

As of March 2022, the management team of Northern Oil & Gas, Inc. includes Non-Executive Lead Independent Chairman Mr. Bahram Akradi and Independent Directors Ms. Lisa Bromiley, Mr. Roy Easley, Mr. Michael Frantz, and Mr. Robert Grabb, emphasizing independent oversight and governance.

View full answer

Is Northern Oil & Gas, Inc. overvalued or undervalued?

20-Sep-2025

As of April 29, 2025, Northern Oil & Gas, Inc. is considered very attractive due to its undervalued status with a P/E ratio of 5, an EV to EBITDA ratio of 3.27, a solid ROE of 22.56%, and a strong long-term return of 386.30%, despite a recent YTD decline of -29.33%.

View full answer

Is Northern Oil & Gas, Inc. technically bullish or bearish?

07-Oct-2025

As of October 3, 2025, Northern Oil & Gas, Inc. is in a bearish trend, indicated by negative signals from moving averages and MACD, with the stock down 35.70% over the past year compared to a 17.82% gain in the S&P 500.

View full answer

Compare Northern Oil & Gas, Inc. with Similar Stocks

Magnolia Oil & Gas Corp.SM Energy Co.Murphy Oil Corp.

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

High Management Efficiency with a high ROCE of 32.68%

Healthy long term growth as Net Sales has grown by an annual rate of 36.47% and Operating profit at 67.45%

Negative results in Jun 25

With ROCE of 16.94%, it has a very attractive valuation with a 1.09 Enterprise value to Capital Employed

Consistent Underperformance against the benchmark over the last 3 years

Mojo Parameters

Stock DNA

Industry

Oil

Market cap

USD 2,666 Million (Small Cap)

P/E

5.00

Industry P/E

Dividend Yield

6.69%

Debt Equity

1.03

Return on Equity

26.16%

Price to Book

1.19

Revenue and Profits:

Net Sales:

451 Million

(Quarterly Results - Dec 2025)

Net Profit:

-71 Million

Total Returns

Total Returns (Price + Dividend)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

38.04%

6 Months

9.99%

1 Year

-4.3%

2 Years

-24.14%

3 Years

4.44%

4 Years

6.55%

5 Years

135.75%

Northern Oil & Gas, Inc. for the last several years.

Risk Adjusted Returns v/s

News & Corporate Actions

News

No Recent News for the Company

Announcements

No announcement available

Corporate Actions

No corporate action available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

41.60%

EBIT Growth (5y)

121.09%

EBIT to Interest (avg)

7.43

Debt to EBITDA (avg)

1.90

Net Debt to Equity (avg)

0.95

Sales to Capital Employed (avg)

0.50

Tax Ratio

23.99%

Dividend Payout Ratio

31.92%

Pledged Shares

Institutional Holding

100.00%

ROCE (avg)

32.68%

ROE (avg)

43.12%

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

1.19

EV to EBIT

7.19

EV to EBITDA

3.30

EV to Capital Employed

1.09

EV to Sales

2.27

PEG Ratio

Dividend Yield

6.69%

ROCE (Latest)

15.19%

ROE (Latest)

26.16%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Bullish

Mildly Bullish

RSI

No Signal

Bollinger Bands

Bullish

Mildly Bearish

Moving Averages

Bullish (Daily)

KST

Bullish

Bearish

Dow Theory

Mildly Bullish

OBV

No Trend

Mildly Bullish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Dec 2025

Shareholding Compare (%holding)

Majority shareholders

Domestic Funds

Held in 93 Schemes (66.34%)

Foreign Institutions

Held by 125 Foreign Institutions (9.62%)

Strategic Entities with highest holding

Highest Public shareholder

Financial

[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Dec'25 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Dec 2025 is -7.20% vs -15.93% in Sep 2025",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "QoQ Growth in quarter ended Dec 2025 is 45.24% vs -229.62% in Sep 2025",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Dec'25",
        "Sep'25",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "450.90",
          "val2": "485.90",
          "chgp": "-7.20%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "279.40",
          "val2": "321.50",
          "chgp": "-13.09%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "41.10",
          "val2": "43.00",
          "chgp": "-4.42%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "-193.20",
          "val2": "-303.40",
          "chgp": "36.32%",
          "chgp_class": "positive"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "-70.70",
          "val2": "-129.10",
          "chgp": "45.24%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "167.10%",
          "val2": "251.40%",
          "chgp": "-8.43%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Dec'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Dec 2025 is -3.17% vs 13.47% in Dec 2024",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Dec 2025 is -92.54% vs -43.63% in Dec 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'25",
        "Dec'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "2,095.10",
          "val2": "2,163.80",
          "chgp": "-3.17%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "1,415.90",
          "val2": "1,516.80",
          "chgp": "-6.65%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "172.40",
          "val2": "157.70",
          "chgp": "9.32%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "-567.90",
          "val2": "-21.00",
          "chgp": "-2,604.29%",
          "chgp_class": "negative"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "38.80",
          "val2": "520.30",
          "chgp": "-92.54%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "286.90%",
          "val2": "358.60%",
          "chgp": "-7.17%",
          "chgp_class": "negative"
        }
      ]
    }
  }
]

Quarterly Results Snapshot (Consolidated) - Dec'25 - QoQ

Dec'25

Sep'25

Change(%)

Net Sales

450.90

485.90

-7.20%

Operating Profit (PBDIT) excl Other Income

279.40

321.50

-13.09%

Interest

41.10

43.00

-4.42%

Exceptional Items

-193.20

-303.40

36.32%

Consolidate Net Profit

-70.70

-129.10

45.24%

Operating Profit Margin (Excl OI)

167.10%

251.40%

-8.43%

USD in Million.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Dec 2025 is -7.20% vs -15.93% in Sep 2025

Consolidated Net Profit

QoQ Growth in quarter ended Dec 2025 is 45.24% vs -229.62% in Sep 2025

All Quarterly Results

Annual Results Snapshot (Consolidated) - Dec'25

Dec'25

Dec'24

Change(%)

Net Sales

2,095.10

2,163.80

-3.17%

Operating Profit (PBDIT) excl Other Income

1,415.90

1,516.80

-6.65%

Interest

172.40

157.70

9.32%

Exceptional Items

-567.90

-21.00

-2,604.29%

Consolidate Net Profit

38.80

520.30

-92.54%

Operating Profit Margin (Excl OI)

286.90%

358.60%

-7.17%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in year ended Dec 2025 is -3.17% vs 13.47% in Dec 2024

Consolidated Net Profit

YoY Growth in year ended Dec 2025 is -92.54% vs -43.63% in Dec 2024

All Annual Results

Company CV

About Northern Oil & Gas, Inc.

Northern Oil & Gas, Inc.

Oil

Northern Oil and Gas, Inc. is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and natural gas properties. Its properties are primarily located in the Bakken and Three Forks formations within the Williston Basin in North Dakota and Montana. The Company’s operations in the Williston Basin include acreage footprint of approximately 183,000 net mineral acres. The Company’s primary focus is oil exploration and production through non-operated working interests in wells drilled and completed in spacing units that include its acreage. The Company also holds interest in assets and wells in Lea County, in the Delaware Basin.

Company Coordinates

Company Details

601 Carlson Pkwy Ste 990 , MINNETONKA MN : 55305-5218

Tel: 1 952 4769800

http://www.northernoil.com/

Registrar Details