NOG - NYSE

Northern Oil and Gas, Inc.

Northern Oil and Gas, Inc.

NOGยทNYSE

$22.11

-1.2%
EnergyOil & Gas Exploration & Production

Northern Oil and Gas, Inc., an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. The company primarily holds interests in the Williston Basin, the Appalachian Basin, and the Permian Basin in the United States. As of December 31, 2021, it owned working interests in 7,436 gross producing wells; and had proved reserves of 287,682 million barrels of oil equivalent. The company is based in Minnetonka, Minnesota.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$2.34B
EPS0.4000
P/E Ratio55.27
Earnings Date07/30/2026
Northern Oil and Gas, Inc.

Northern Oil and Gas, Inc. Fair Value Envelope

NOG ยท NYSE

Our analysis suggests that NOG has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $22.11, this represents a potential HIDDEN relative to our calculated worth for Northern Oil and Gas, Inc..

HIDDEN
Intrinsic Value
Current Price: $22.11

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$11,408.9B
+ Cash & Equivalents$14.3M
Firm Value$11,408.9B
- Debt$2.4B
Equity Value$11,406.5B
/ Shares Outstanding97,594,700B
DCF Value$116.9K
UNDERVALUED BY 528512%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$3.0B
$6.0B
$12.0B
$24.1B
$48.2B
$96.3B
$192.7B
$385.4B
$770.7B
$1,541.4B
Maintenance CapEx
-$501.0M
-$1.0B
-$2.0B
-$4.0B
-$8.0B
-$16.0B
-$32.1B
-$64.1B
-$128.3B
-$256.5B
Owner Earnings
$2.5B
$5.0B
$10.0B
$20.1B
$40.2B
$80.3B
$160.6B
$321.2B
$642.5B
$1,284.9B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$2.3B
$4.3B
$8.0B
$14.8B
$27.3B
$50.6B
$93.7B
$173.5B
$321.4B
$595.2B
Terminal Value represents 88.7% of Enterprise Value

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