NORTHERN OIL AND GAS INC (NOG) Stock Fundamental Analysis
NYSE:NOG - New York Stock Exchange, Inc. - US6655313079 - Common Stock - Currency: USD
Overall NOG gets a fundamental rating of 4 out of 10. We evaluated NOG against 213 industry peers in the Oil, Gas & Consumable Fuels industry. While NOG belongs to the best of the industry regarding profitability, there are concerns on its financial health. NOG has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year NOG was profitable.
NOG had a positive operating cash flow in the past year.
In multiple years NOG reported negative net income over the last 5 years.
Each year in the past 5 years NOG had a positive operating cash flow.
1.2 Ratios
NOG's Return On Assets of 9.28% is fine compared to the rest of the industry. NOG outperforms 78.87% of its industry peers.
NOG has a better Return On Equity (22.42%) than 84.04% of its industry peers.
NOG's Return On Invested Capital of 13.97% is amongst the best of the industry. NOG outperforms 86.85% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for NOG is below the industry average of 25.69%.
The 3 year average ROIC (22.03%) for NOG is well above the current ROIC(13.97%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.28% | ||
| ROE | 22.42% | ||
| ROIC | 13.97% |
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
NOG's Profit Margin of 23.38% is fine compared to the rest of the industry. NOG outperforms 75.59% of its industry peers.
Looking at the Operating Margin, with a value of 37.67%, NOG is in the better half of the industry, outperforming 79.81% of the companies in the same industry.
In the last couple of years the Operating Margin of NOG has grown nicely.
The Gross Margin of NOG (73.63%) is better than 84.04% of its industry peers.
In the last couple of years the Gross Margin of NOG has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 37.67% | ||
| PM (TTM) | 23.38% | ||
| GM | 73.63% |
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.
Compared to 1 year ago, NOG has less shares outstanding
NOG has more shares outstanding than it did 5 years ago.
NOG has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.47, we must say that NOG is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of NOG (1.47) is comparable to the rest of the industry.
NOG has a Debt/Equity ratio of 1.02. This is a high value indicating a heavy dependency on external financing.
NOG has a worse Debt to Equity ratio (1.02) than 70.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.02 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.47 |
ROIC/WACC1.3
WACC10.79%
2.3 Liquidity
A Current Ratio of 0.92 indicates that NOG may have some problems paying its short term obligations.
NOG has a worse Current ratio (0.92) than 62.91% of its industry peers.
A Quick Ratio of 0.92 indicates that NOG may have some problems paying its short term obligations.
NOG's Quick ratio of 0.92 is in line compared to the rest of the industry. NOG outperforms 48.83% 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%.
Measured over the past years, NOG shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.73% on average per year.
NOG shows a small growth in Revenue. In the last year, the Revenue has grown by 2.75%.
NOG shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 36.34% yearly.
EPS 1Y (TTM)-13.26%
EPS 3Y15.13%
EPS 5Y9.73%
EPS Q2Q%3.91%
Revenue 1Y (TTM)2.75%
Revenue growth 3Y64.84%
Revenue growth 5Y36.34%
Sales Q2Q%45.57%
3.2 Future
The Earnings Per Share is expected to grow by 4.12% on average over the next years.
Based on estimates for the next years, NOG will show a small growth in Revenue. The Revenue will grow by 1.67% on average per year.
EPS Next Y-14.26%
EPS Next 2Y-8.3%
EPS Next 3Y-1.53%
EPS Next 5Y4.12%
Revenue Next Year0.93%
Revenue Next 2Y2.83%
Revenue Next 3Y1.67%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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 4.98 indicates a rather cheap valuation of NOG.
Based on the Price/Earnings ratio, NOG is valued cheaply inside the industry as 86.85% of the companies are valued more expensively.
NOG is valuated cheaply when we compare the Price/Earnings ratio to 24.12, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 5.98 indicates a rather cheap valuation of NOG.
NOG's Price/Forward Earnings ratio is rather cheap when compared to the industry. NOG is cheaper than 85.45% of the companies in the same industry.
NOG is valuated cheaply when we compare the Price/Forward Earnings ratio to 20.42, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.98 | ||
| Fwd PE | 5.98 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NOG is valued cheaply inside the industry as 84.04% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 3.14 |
4.3 Compensation for Growth
NOG has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.51
EPS Next 2Y-8.3%
EPS Next 3Y-1.53%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.36%, NOG is a good candidate for dividend investing.
In the last 3 months the price of NOG has falen by -25.20%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
NOG's Dividend Yield is a higher than the industry average which is at 7.32.
Compared to an average S&P500 Dividend Yield of 2.44, NOG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.36% |
5.2 History
NOG has been paying a dividend for over 5 years, so it has already some track record.
The dividend of NOG decreased in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
NOG pays out 31.13% of its income as dividend. This is a sustainable payout ratio.
DP31.13%
EPS Next 2Y-8.3%
EPS Next 3Y-1.53%
NYSE:NOG (5/9/2025, 11:17:51 AM)
26.4
+0.1 (+0.38%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners113.69%
Inst Owner Change-1%
Ins Owners2.8%
Ins Owner Change0.21%
Market Cap2.61B
Analysts78.75
Price Target39.48 (49.55%)
Short Float %22.3%
Short Ratio9.96
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.36% |
Yearly Dividend1.62
Dividend Growth(5Y)N/A
DP31.13%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)7.25%
Min EPS beat(2)-1.4%
Max EPS beat(2)15.9%
EPS beat(4)3
Avg EPS beat(4)9.98%
Min EPS beat(4)-1.4%
Max EPS beat(4)18.32%
EPS beat(8)5
Avg EPS beat(8)5.6%
EPS beat(12)8
Avg EPS beat(12)4.85%
EPS beat(16)10
Avg EPS beat(16)5.31%
Revenue beat(2)1
Avg Revenue beat(2)14.38%
Min Revenue beat(2)-8.7%
Max Revenue beat(2)37.46%
Revenue beat(4)2
Avg Revenue beat(4)2.21%
Min Revenue beat(4)-22.45%
Max Revenue beat(4)37.46%
Revenue beat(8)4
Avg Revenue beat(8)2.18%
Revenue beat(12)6
Avg Revenue beat(12)1.02%
Revenue beat(16)7
Avg Revenue beat(16)-10.63%
PT rev (1m)-14.53%
PT rev (3m)-21.17%
EPS NQ rev (1m)0.53%
EPS NQ rev (3m)-17.23%
EPS NY rev (1m)0.15%
EPS NY rev (3m)-18.86%
Revenue NQ rev (1m)-0.48%
Revenue NQ rev (3m)-4.89%
Revenue NY rev (1m)-0.95%
Revenue NY rev (3m)-5.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.98 | ||
| Fwd PE | 5.98 | ||
| P/S | 1.17 | ||
| P/FCF | N/A | ||
| P/OCF | 1.85 | ||
| P/B | 1.12 | ||
| P/tB | 1.12 | ||
| EV/EBITDA | 3.14 |
EPS(TTM)5.3
EY20.08%
EPS(NY)4.41
Fwd EY16.72%
FCF(TTM)-2.87
FCFYN/A
OCF(TTM)14.27
OCFY54.06%
SpS22.55
BVpS23.51
TBVpS23.51
PEG (NY)N/A
PEG (5Y)0.51
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.28% | ||
| ROE | 22.42% | ||
| ROCE | 16.57% | ||
| ROIC | 13.97% | ||
| ROICexc | 14% | ||
| ROICexgc | 14% | ||
| OM | 37.67% | ||
| PM (TTM) | 23.38% | ||
| GM | 73.63% | ||
| 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-Score4
Asset Turnover0.4
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.02 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 1.5 | ||
| Cap/Depr | 228.35% | ||
| Cap/Sales | 76.01% | ||
| Interest Coverage | 5.51 | ||
| Cash Conversion | 89.19% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.92 | ||
| Quick Ratio | 0.92 | ||
| Altman-Z | 1.47 |
F-Score4
WACC10.79%
ROIC/WACC1.3
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-14.26%
EPS Next 2Y-8.3%
EPS Next 3Y-1.53%
EPS Next 5Y4.12%
Revenue 1Y (TTM)2.75%
Revenue growth 3Y64.84%
Revenue growth 5Y36.34%
Sales Q2Q%45.57%
Revenue Next Year0.93%
Revenue Next 2Y2.83%
Revenue Next 3Y1.67%
Revenue Next 5YN/A
EBIT growth 1Y-26.04%
EBIT growth 3Y120.69%
EBIT growth 5Y68.41%
EBIT Next Year86.03%
EBIT Next 3Y25.36%
EBIT Next 5Y21.95%
FCF growth 1Y57.22%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y19.04%
OCF growth 3Y52.59%
OCF growth 5Y32.9%