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Energy - Oil & Gas Exploration & Production - NYSE - US
$ 29.8
-0.501 %
$ 2.94 B
Market Cap
4.64
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one NOG stock under the worst case scenario is HIDDEN Compared to the current market price of 29.8 USD, Northern Oil and Gas, Inc. is HIDDEN

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one NOG stock under the base case scenario is HIDDEN Compared to the current market price of 29.8 USD, Northern Oil and Gas, Inc. is HIDDEN

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one NOG stock under the best case scenario is HIDDEN Compared to the current market price of 29.8 USD, Northern Oil and Gas, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart NOG

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$45.0$45.0$40.0$40.0$35.0$35.0$30.0$30.0$25.0$25.0$20.0$20.015 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 JunJul '25Jul '25
FINANCIALS
2.16 B REVENUE
13.46%
838 M OPERATING INCOME
-25.32%
520 M NET INCOME
0.00%
1.41 B OPERATING CASH FLOW
19.04%
-1.67 B INVESTING CASH FLOW
10.07%
267 M FINANCING CASH FLOW
-61.03%
580 M REVENUE
14.56%
229 M OPERATING INCOME
72.87%
139 M NET INCOME
93.84%
407 M OPERATING CASH FLOW
40.36%
-265 M INVESTING CASH FLOW
60.08%
-118 M FINANCING CASH FLOW
-34.08%
Balance Sheet Northern Oil and Gas, Inc.
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Current Assets 501 M
Cash & Short-Term Investments 8.93 M
Receivables 428 M
Other Current Assets 64.1 M
Non-Current Assets 5.1 B
Long-Term Investments 0
PP&E 5.08 B
Other Non-Current Assets 20.9 M
7.63 %90.69 %Total Assets$5.6b
Current Liabilities 544 M
Accounts Payable 203 M
Short-Term Debt 0
Other Current Liabilities 341 M
Non-Current Liabilities 2.74 B
Long-Term Debt 2.37 B
Other Non-Current Liabilities 370 M
6.18 %10.40 %72.16 %11.26 %Total Liabilities$3.3b
EFFICIENCY
Earnings Waterfall Northern Oil and Gas, Inc.
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Revenue 2.16 B
Cost Of Revenue 1.33 B
Gross Profit 836 M
Operating Expenses -1.85 M
Operating Income 838 M
Other Expenses 318 M
Net Income 520 M
3b3b2b2b2b2b1b1b500m500m002b(1b)836m2m838m(318m)520mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
38.64% GROSS MARGIN
38.64%
38.72% OPERATING MARGIN
38.72%
24.05% NET MARGIN
24.05%
22.42% ROE
22.42%
9.28% ROA
9.28%
12.66% ROIC
12.66%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Northern Oil and Gas, Inc.
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100m100m00(100m)(100m)(200m)(200m)(300m)(300m)(400m)(400m)(500m)(500m)(600m)(600m)(700m)(700m)20162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 520 M
Depreciation & Amortization 741 M
Capital Expenditures 0
Stock-Based Compensation 12 M
Change in Working Capital 0
Others 496 M
Free Cash Flow -283 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Northern Oil and Gas, Inc.
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Wall Street analysts predict an average 1-year price target for NOG of $43.4 , with forecasts ranging from a low of $34 to a high of $54 .
NOG Lowest Price Target Wall Street Target
34 USD 14.09%
NOG Average Price Target Wall Street Target
43.4 USD 45.64%
NOG Highest Price Target Wall Street Target
54 USD 81.21%
Price
Max Price Target
Min Price Target
Average Price Target
55555050454540403535303025252020Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26Jul '26Jul '26
4. DIVIDEND ANALYSIS
1.40% DIVIDEND YIELD
0.45 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
1.8001.8001.6001.6001.4001.4001.2001.2001.0001.0000.8000.8000.6000.6000.4000.4000.2000.2000.0000.0000.140.340.40.450.190.370.40.450.250.380.420.080.300.31.080.41.550.421.690.452021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 5
6. Ownership
Insider Ownership Northern Oil and Gas, Inc.
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Sold
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9-12 MONTHS
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0 USD 0
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6-9 MONTHS
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9-12 MONTHS
7. News
Northern Oil And Gas: A Fair Income Play With Potential Price Recovery NOG's production and revenue show promising growth in the recent Q1 report, but more proof is needed for the growth recovery. The stock offers a compelling 6% dividend yield, supported by a low payout ratio and a strong dividend history since 2021. A reasonable income play. NOG trades at a discount to its 5-year PEG average, presenting a value opportunity with the potential for price appreciation and total return. seekingalpha.com - 2 weeks ago
NOG Closes Upsized Reopening of its 3.625% Convertible Unsecured Senior Notes Due 2029 MINNEAPOLIS--(BUSINESS WIRE)--NOG Closes Upsized Reopening of its 3.625% Convertible Unsecured Senior Notes Due 2029; Raised over $200M in Gross Proceeds. businesswire.com - 3 weeks ago
NOG Announces Proposed Reopening of 3.625% Convertible Senior Notes Due 2029 MINNEAPOLIS--(BUSINESS WIRE)--NOG Announces Proposed Reopening of 3.625% Convertible Senior Notes Due 2029. businesswire.com - 3 weeks ago
Northern Oil and Gas (NOG) Up 12.4% Since Last Earnings Report: Can It Continue? Northern Oil and Gas (NOG) reported earnings 30 days ago. What's next for the stock? zacks.com - 1 month ago
3 Strong Buy Ultra-High-Yield Dividend Stocks You Probably Never Heard Of Investors love dividend stocks, especially high-yield varieties, because they offer a significant income stream and have substantial total return potential. 247wallst.com - 1 month ago
Northern Oil and Gas (NOG) Reports Q1 Earnings: What Key Metrics Have to Say The headline numbers for Northern Oil and Gas (NOG) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. zacks.com - 2 months ago
Northern's Q1 Earnings Beat Estimates, Revenues Increase Y/Y NOG expects an average daily production of 130,000-135,000 barrels of oil equivalent for 2025, with oil production in the range of 75,000-79,000 barrels per day. zacks.com - 2 months ago
Northern Oil and Gas: Strong Q1 2025 Performance, But Share Repurchase Ability May Be Constrained Northern's Q1 2025 production exceeded its full-year guidance midpoint by 2% despite prior indications that it would be a lower volume quarter. Northern's Uinta Basin volumes improved more than 15% from Q4 2024. Northern is well hedged on oil for 2025, but its projected FCF at high-$50s oil for the remainder of the year is only slightly higher than its current dividend. seekingalpha.com - 2 months ago
NOG Expands Credit Facility MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced the completion of its semi-annual borrowing base redetermination under its reserves-based revolving credit facility (the “Facility”). In connection with the redetermination, the elected commitment amount increased from $1.5 billion to $1.6 billion and the borrowing base remains unchanged at $1.8 billion. The Company's bank group now includes 20 banks with the addition of CIBC Capital Ma. businesswire.com - 2 months ago
Northern Oil and Gas, Inc. (NOG) Q1 2025 Earnings Call Transcript Northern Oil and Gas, Inc. (NYSE:NOG ) Q1 2025 Earnings Conference Call April 30, 2025 9:00 AM ET Company Participants Evelyn Infurna - Vice President of Investor Relations Nick O'Grady - Chief Executive Officer Adam Dirlam - President Chad Allen - Chief Financial Officer Conference Call Participants Noah Hungness - Bank of America Noel Parks - Tuohy Brothers Phillips Johnston - Capital One Operator Greetings and welcome to the NOG's First Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode. seekingalpha.com - 2 months ago
NOG Declares $0.45 Quarterly Cash Dividend, 12.5% Increase Year-over-Year MINNEAPOLIS--(BUSINESS WIRE)--NOG Declares $0.45 Quarterly Cash Dividend, 12.5% Increase Year-over-Year. businesswire.com - 2 months ago
8. Profile Summary

Northern Oil and Gas, Inc. NOG

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COUNTRY US
INDUSTRY Oil & Gas Exploration & Production
MARKET CAP $ 2.94 B
Dividend Yield 1.40%
Description 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.
Contact 4350 Baker Road, Minnetonka, MN, 55343 https://www.northernoil.com
IPO Date April 13, 2007
Employees 49
Officers Mr. Chad Allen CPA Chief Financial Officer Ms. Evelyn Leon Infurna Vice President of Investor Relations Mr. Adam Dirlam President Mr. James B. Evans Chief Technical Officer Mr. Nicholas L. O'Grady Chief Executive Officer & Director Mr. Michael L. Reger Founder & Chairman Emeritus Mr. Erik J. Romslo Chief Legal Officer & Secretary