NORTHERN OIL AND GAS INC (NOG) Stock Fundamental Analysis
NYSE:NOG - New York Stock Exchange, Inc. - US6655313079 - Common Stock - Currency: USD
NOG gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 213 industry peers in the Oil, Gas & Consumable Fuels industry. NOG scores excellent on profitability, but there are concerns on its financial health. NOG is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
NOG had positive earnings in the past year.
NOG had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: NOG reported negative net income in multiple years.
Each year in the past 5 years NOG had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 11.41%, NOG belongs to the best of the industry, outperforming 86.39% of the companies in the same industry.
NOG has a better Return On Equity (26.96%) than 89.67% of its industry peers.
With an excellent Return On Invested Capital value of 16.57%, NOG belongs to the best of the industry, outperforming 91.55% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for NOG is in line with the industry average of 23.54%.
The last Return On Invested Capital (16.57%) for NOG is well below the 3 year average (22.03%), which needs to be investigated, but indicates that NOG had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.41% | ||
| ROE | 26.96% | ||
| ROIC | 16.57% |
ROA(3y)18.39%
ROA(5y)-10.2%
ROE(3y)55.05%
ROE(5y)N/A
ROIC(3y)22.03%
ROIC(5y)19.84%
1.3 Margins
Looking at the Profit Margin, with a value of 26.64%, NOG is in the better half of the industry, outperforming 78.87% of the companies in the same industry.
The Operating Margin of NOG (41.30%) is better than 85.92% of its industry peers.
In the last couple of years the Operating Margin of NOG has grown nicely.
Looking at the Gross Margin, with a value of 76.13%, NOG belongs to the top of the industry, outperforming 87.79% of the companies in the same industry.
In the last couple of years the Gross Margin of NOG has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 41.3% | ||
| PM (TTM) | 26.64% | ||
| GM | 76.13% |
OM growth 3Y33.88%
OM growth 5Y23.52%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y13.67%
GM growth 5Y3.3%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), NOG is creating value.
NOG has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, NOG has more shares outstanding
NOG has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.71, we must say that NOG is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.71, NOG is in line with its industry, outperforming 58.69% of the companies in the same industry.
A Debt/Equity ratio of 0.96 indicates that NOG is somewhat dependend on debt financing.
NOG has a worse Debt to Equity ratio (0.96) than 67.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.96 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.71 |
ROIC/WACC2.11
WACC7.84%
2.3 Liquidity
NOG has a Current Ratio of 0.92. This is a bad value and indicates that NOG is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.92, NOG is not doing good in the industry: 61.50% of the companies in the same industry are doing better.
A Quick Ratio of 0.92 indicates that NOG may have some problems paying its short term obligations.
NOG has a Quick ratio of 0.92. This is comparable to the rest of the industry: NOG outperforms 49.30% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.92 | ||
| Quick Ratio | 0.92 |
3. Growth
3.1 Past
NOG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -13.26%.
The Earnings Per Share has been growing by 9.73% on average over the past years. This is quite good.
The Revenue has grown by 22.77% in the past year. This is a very strong growth!
The Revenue has been growing by 36.34% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-13.26%
EPS 3Y15.13%
EPS 5Y9.73%
EPS Q2Q%3.91%
Revenue 1Y (TTM)22.77%
Revenue growth 3Y64.84%
Revenue growth 5Y36.34%
Sales Q2Q%51.91%
3.2 Future
NOG is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -8.25% yearly.
NOG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.74% yearly.
EPS Next Y-13.9%
EPS Next 2Y-17.36%
EPS Next 3Y-6.26%
EPS Next 5Y-8.25%
Revenue Next Year0.97%
Revenue Next 2Y-0.47%
Revenue Next 3Y1.74%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 5.80 indicates a rather cheap valuation of NOG.
Compared to the rest of the industry, the Price/Earnings ratio of NOG indicates a rather cheap valuation: NOG is cheaper than 88.26% of the companies listed in the same industry.
NOG is valuated cheaply when we compare the Price/Earnings ratio to 26.34, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 8.58, which indicates a very decent valuation of NOG.
74.65% of the companies in the same industry are more expensive than NOG, based on the Price/Forward Earnings ratio.
NOG's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.03.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.8 | ||
| Fwd PE | 8.58 |
4.2 Price Multiples
89.20% of the companies in the same industry are more expensive than NOG, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 3.02 |
4.3 Compensation for Growth
The excellent profitability rating of NOG may justify a higher PE ratio.
A cheap valuation may be justified as NOG's earnings are expected to decrease with -6.26% in the coming years.
PEG (NY)N/A
PEG (5Y)0.6
EPS Next 2Y-17.36%
EPS Next 3Y-6.26%
5. Dividend
5.1 Amount
NOG has a Yearly Dividend Yield of 5.76%, which is a nice return.
Compared to an average industry Dividend Yield of 6.42, NOG pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.44, NOG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.76% |
5.2 History
NOG has been paying a dividend for over 5 years, so it has already some track record.
NOG has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
25.26% of the earnings are spent on dividend by NOG. This is a low number and sustainable payout ratio.
DP25.26%
EPS Next 2Y-17.36%
EPS Next 3Y-6.26%
NYSE:NOG (6/23/2025, 11:59:01 AM)
30.76
-0.5 (-1.6%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners117.17%
Inst Owner Change2.85%
Ins Owners2.86%
Ins Owner Change0.27%
Market Cap3.04B
Analysts78.67
Price Target37.14 (20.74%)
Short Float %20.87%
Short Ratio9.76
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.76% |
Yearly Dividend1.62
Dividend Growth(5Y)N/A
DP25.26%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)8.16%
Min EPS beat(2)-1.4%
Max EPS beat(2)17.71%
EPS beat(4)3
Avg EPS beat(4)12.63%
Min EPS beat(4)-1.4%
Max EPS beat(4)18.32%
EPS beat(8)5
Avg EPS beat(8)7.46%
EPS beat(12)8
Avg EPS beat(12)4.39%
EPS beat(16)10
Avg EPS beat(16)5.8%
Revenue beat(2)1
Avg Revenue beat(2)-1.24%
Min Revenue beat(2)-8.7%
Max Revenue beat(2)6.21%
Revenue beat(4)3
Avg Revenue beat(4)9.37%
Min Revenue beat(4)-8.7%
Max Revenue beat(4)37.46%
Revenue beat(8)4
Avg Revenue beat(8)2.1%
Revenue beat(12)7
Avg Revenue beat(12)10.75%
Revenue beat(16)8
Avg Revenue beat(16)-4.99%
PT rev (1m)-5.94%
PT rev (3m)-23.55%
EPS NQ rev (1m)-0.1%
EPS NQ rev (3m)-5.05%
EPS NY rev (1m)1.65%
EPS NY rev (3m)-11.1%
Revenue NQ rev (1m)-0.1%
Revenue NQ rev (3m)-0.39%
Revenue NY rev (1m)0.18%
Revenue NY rev (3m)-0.57%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.8 | ||
| Fwd PE | 8.58 | ||
| P/S | 1.25 | ||
| P/FCF | N/A | ||
| P/OCF | 2.13 | ||
| P/B | 1.26 | ||
| P/tB | 1.26 | ||
| EV/EBITDA | 3.02 |
EPS(TTM)5.3
EY17.23%
EPS(NY)3.59
Fwd EY11.65%
FCF(TTM)-1.23
FCFYN/A
OCF(TTM)14.43
OCFY46.9%
SpS24.64
BVpS24.34
TBVpS24.34
PEG (NY)N/A
PEG (5Y)0.6
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.41% | ||
| ROE | 26.96% | ||
| ROCE | 19.65% | ||
| ROIC | 16.57% | ||
| ROICexc | 16.68% | ||
| ROICexgc | 16.68% | ||
| OM | 41.3% | ||
| PM (TTM) | 26.64% | ||
| GM | 76.13% | ||
| FCFM | N/A |
ROA(3y)18.39%
ROA(5y)-10.2%
ROE(3y)55.05%
ROE(5y)N/A
ROIC(3y)22.03%
ROIC(5y)19.84%
ROICexc(3y)22.07%
ROICexc(5y)19.88%
ROICexgc(3y)22.07%
ROICexgc(5y)19.88%
ROCE(3y)26.13%
ROCE(5y)23.52%
ROICexcg growth 3Y36.15%
ROICexcg growth 5Y35.22%
ROICexc growth 3Y36.15%
ROICexc growth 5Y35.22%
OM growth 3Y33.88%
OM growth 5Y23.52%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y13.67%
GM growth 5Y3.3%
F-Score7
Asset Turnover0.43
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.96 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 1.3 | ||
| Cap/Depr | 200.01% | ||
| Cap/Sales | 63.56% | ||
| Interest Coverage | 6.36 | ||
| Cash Conversion | 80.14% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.92 | ||
| Quick Ratio | 0.92 | ||
| Altman-Z | 1.71 |
F-Score7
WACC7.84%
ROIC/WACC2.11
Cap/Depr(3y)383.04%
Cap/Depr(5y)349.2%
Cap/Sales(3y)82.59%
Cap/Sales(5y)83.74%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-13.26%
EPS 3Y15.13%
EPS 5Y9.73%
EPS Q2Q%3.91%
EPS Next Y-13.9%
EPS Next 2Y-17.36%
EPS Next 3Y-6.26%
EPS Next 5Y-8.25%
Revenue 1Y (TTM)22.77%
Revenue growth 3Y64.84%
Revenue growth 5Y36.34%
Sales Q2Q%51.91%
Revenue Next Year0.97%
Revenue Next 2Y-0.47%
Revenue Next 3Y1.74%
Revenue Next 5YN/A
EBIT growth 1Y21.75%
EBIT growth 3Y120.69%
EBIT growth 5Y68.41%
EBIT Next Year86.85%
EBIT Next 3Y23.96%
EBIT Next 5Y15.51%
FCF growth 1Y66.25%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y36.43%
OCF growth 3Y52.59%
OCF growth 5Y32.9%