NORTHERN OIL AND GAS INC (NOG) Fundamental Analysis & Valuation

NYSE:NOG • US6655313079

Current stock price

28.29 USD
+0.69 (+2.5%)
At close:
28.23 USD
-0.06 (-0.21%)
After Hours:

This NOG fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. NOG Profitability Analysis

1.1 Basic Checks

  • In the past year NOG was profitable.
  • In the past year NOG had a positive cash flow from operations.
  • NOG had positive earnings in 4 of the past 5 years.
  • Each year in the past 5 years NOG had a positive operating cash flow.
NOG Yearly Net Income VS EBIT VS OCF VS FCFNOG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M 1B 1.5B

1.2 Ratios

  • NOG has a Return On Assets of 0.72%. This is in the lower half of the industry: NOG underperforms 64.59% of its industry peers.
  • With a Return On Equity value of 1.82%, NOG is not doing good in the industry: 63.16% of the companies in the same industry are doing better.
  • NOG has a Return On Invested Capital of 13.93%. This is amongst the best in the industry. NOG outperforms 91.87% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for NOG is significantly below the industry average of 23.14%.
Industry RankSector Rank
ROA 0.72%
ROE 1.82%
ROIC 13.93%
ROA(3y)10.19%
ROA(5y)11.07%
ROE(3y)23.11%
ROE(5y)32.61%
ROIC(3y)14.83%
ROIC(5y)14.52%
NOG Yearly ROA, ROE, ROICNOG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100 -100 200 300 400

1.3 Margins

  • With a Profit Margin value of 1.57%, NOG is not doing good in the industry: 60.77% of the companies in the same industry are doing better.
  • NOG's Profit Margin has declined in the last couple of years.
  • NOG's Operating Margin of 39.65% is amongst the best of the industry. NOG outperforms 87.08% of its industry peers.
  • In the last couple of years the Operating Margin of NOG has remained more or less at the same level.
  • NOG's Gross Margin of 75.56% is amongst the best of the industry. NOG outperforms 87.08% of its industry peers.
  • In the last couple of years the Gross Margin of NOG has remained more or less at the same level.
Industry RankSector Rank
OM 39.65%
PM (TTM) 1.57%
GM 75.56%
OM growth 3Y-10.37%
OM growth 5Y-0.59%
PM growth 3Y-67.67%
PM growth 5YN/A
GM growth 3Y1%
GM growth 5Y0.54%
NOG Yearly Profit, Operating, Gross MarginsNOG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50 -100 -150 -200

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3

2. NOG Health Analysis

2.1 Basic Checks

  • NOG has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • Compared to 1 year ago, NOG has less shares outstanding
  • Compared to 5 years ago, NOG has more shares outstanding
  • NOG has a worse debt/assets ratio than last year.
NOG Yearly Shares OutstandingNOG Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
NOG Yearly Total Debt VS Total AssetsNOG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

2.2 Solvency

  • NOG has an Altman-Z score of 1.73. This is a bad value and indicates that NOG is not financially healthy and even has some risk of bankruptcy.
  • NOG has a Altman-Z score (1.73) which is comparable to the rest of the industry.
  • The Debt to FCF ratio of NOG is 9.47, which is on the high side as it means it would take NOG, 9.47 years of fcf income to pay off all of its debts.
  • With a Debt to FCF ratio value of 9.47, NOG perfoms like the industry average, outperforming 55.98% of the companies in the same industry.
  • A Debt/Equity ratio of 1.13 is on the high side and indicates that NOG has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 1.13, NOG is doing worse than 68.42% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.13
Debt/FCF 9.47
Altman-Z 1.73
ROIC/WACC1.94
WACC7.17%
NOG Yearly LT Debt VS Equity VS FCFNOG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B

2.3 Liquidity

  • A Current Ratio of 1.09 indicates that NOG should not have too much problems paying its short term obligations.
  • NOG's Current ratio of 1.09 is in line compared to the rest of the industry. NOG outperforms 46.41% of its industry peers.
  • NOG has a Quick Ratio of 1.09. This is a normal value and indicates that NOG is financially healthy and should not expect problems in meeting its short term obligations.
  • The Quick ratio of NOG (1.09) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.09
Quick Ratio 1.09
NOG Yearly Current Assets VS Current LiabilitesNOG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M

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5

3. NOG Growth Analysis

3.1 Past

  • The earnings per share for NOG have decreased strongly by -13.14% in the last year.
  • Measured over the past years, NOG shows a very strong growth in Earnings Per Share. The EPS has been growing by 21.11% on average per year.
  • The Revenue has grown by 11.23% in the past year. This is quite good.
  • Measured over the past years, NOG shows a very strong growth in Revenue. The Revenue has been growing by 35.00% on average per year.
EPS 1Y (TTM)-13.14%
EPS 3Y-11.28%
EPS 5Y21.11%
EPS Q2Q%-25.23%
Revenue 1Y (TTM)11.23%
Revenue growth 3Y16.38%
Revenue growth 5Y35%
Sales Q2Q%18.49%

3.2 Future

  • NOG is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.20% yearly.
  • NOG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.14% yearly.
EPS Next Y-39.18%
EPS Next 2Y-18.57%
EPS Next 3Y-6.04%
EPS Next 5Y0.2%
Revenue Next Year-10.36%
Revenue Next 2Y-4.01%
Revenue Next 3Y-0.62%
Revenue Next 5Y2.14%

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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
NOG Yearly Revenue VS EstimatesNOG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 500M 1B 1.5B 2B 2.5B
NOG Yearly EPS VS EstimatesNOG Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6

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6

4. NOG Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 6.20 indicates a rather cheap valuation of NOG.
  • Based on the Price/Earnings ratio, NOG is valued cheaply inside the industry as 93.78% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of NOG to the average of the S&P500 Index (25.60), we can say NOG is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 10.20, the valuation of NOG can be described as very reasonable.
  • Based on the Price/Forward Earnings ratio, NOG is valued cheaply inside the industry as 87.56% of the companies are valued more expensively.
  • NOG's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.84.
Industry RankSector Rank
PE 6.2
Fwd PE 10.2
NOG Price Earnings VS Forward Price EarningsNOG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NOG indicates a rather cheap valuation: NOG is cheaper than 98.09% of the companies listed in the same industry.
  • 79.90% of the companies in the same industry are more expensive than NOG, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 11.69
EV/EBITDA 2.97
NOG Per share dataNOG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

  • A cheap valuation may be justified as NOG's earnings are expected to decrease with -6.04% in the coming years.
PEG (NY)N/A
PEG (5Y)0.29
EPS Next 2Y-18.57%
EPS Next 3Y-6.04%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. NOG Dividend Analysis

5.1 Amount

  • NOG has a Yearly Dividend Yield of 5.92%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.20, NOG pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.88, NOG pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.92%

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
NOG Yearly Dividends per shareNOG Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • NOG pays out 447.37% of its income as dividend. This is not a sustainable payout ratio.
DP447.37%
EPS Next 2Y-18.57%
EPS Next 3Y-6.04%
NOG Yearly Income VS Free CF VS DividendNOG Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M
NOG Dividend Payout.NOG Dividend Payout, showing the Payout Ratio.NOG Dividend Payout.PayoutRetained Earnings

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NOG Fundamentals: All Metrics, Ratios and Statistics

NORTHERN OIL AND GAS INC

NYSE:NOG (4/2/2026, 8:04:00 PM)

After market: 28.23 -0.06 (-0.21%)

28.29

+0.69 (+2.5%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-25
Earnings (Next)04-27
Inst Owners114.04%
Inst Owner Change-6.11%
Ins Owners2.96%
Ins Owner Change0.67%
Market Cap2.96B
Revenue(TTM)2.48B
Net Income(TTM)38.76M
Analysts78.67
Price Target33.35 (17.89%)
Short Float %17.35%
Short Ratio6.83
Dividend
Industry RankSector Rank
Dividend Yield 5.92%
Yearly Dividend1.77
Dividend Growth(5Y)N/A
DP447.37%
Div Incr Years3
Div Non Decr Years3
Ex-Date03-30
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.19%
Min EPS beat(2)5.85%
Max EPS beat(2)18.53%
EPS beat(4)4
Avg EPS beat(4)20.73%
Min EPS beat(4)5.85%
Max EPS beat(4)40.84%
EPS beat(8)7
Avg EPS beat(8)15.35%
EPS beat(12)9
Avg EPS beat(12)10.64%
EPS beat(16)12
Avg EPS beat(16)8.82%
Revenue beat(2)1
Avg Revenue beat(2)4.56%
Min Revenue beat(2)-7.69%
Max Revenue beat(2)16.82%
Revenue beat(4)3
Avg Revenue beat(4)11.89%
Min Revenue beat(4)-7.69%
Max Revenue beat(4)32.21%
Revenue beat(8)5
Avg Revenue beat(8)7.05%
Revenue beat(12)7
Avg Revenue beat(12)5.42%
Revenue beat(16)9
Avg Revenue beat(16)3.73%
PT rev (1m)9.36%
PT rev (3m)5.83%
EPS NQ rev (1m)-5.13%
EPS NQ rev (3m)-9.37%
EPS NY rev (1m)-2.26%
EPS NY rev (3m)-10.99%
Revenue NQ rev (1m)-1.09%
Revenue NQ rev (3m)-1.76%
Revenue NY rev (1m)-0.14%
Revenue NY rev (3m)-1.03%
Valuation
Industry RankSector Rank
PE 6.2
Fwd PE 10.2
P/S 1.19
P/FCF 11.69
P/OCF 1.96
P/B 1.39
P/tB 1.39
EV/EBITDA 2.97
EPS(TTM)4.56
EY16.12%
EPS(NY)2.77
Fwd EY9.8%
FCF(TTM)2.42
FCFY8.55%
OCF(TTM)14.41
OCFY50.93%
SpS23.7
BVpS20.35
TBVpS20.35
PEG (NY)N/A
PEG (5Y)0.29
Graham Number45.7
Profitability
Industry RankSector Rank
ROA 0.72%
ROE 1.82%
ROCE 20.16%
ROIC 13.93%
ROICexc 13.97%
ROICexgc 13.97%
OM 39.65%
PM (TTM) 1.57%
GM 75.56%
FCFM 10.21%
ROA(3y)10.19%
ROA(5y)11.07%
ROE(3y)23.11%
ROE(5y)32.61%
ROIC(3y)14.83%
ROIC(5y)14.52%
ROICexc(3y)14.86%
ROICexc(5y)14.56%
ROICexgc(3y)14.86%
ROICexgc(5y)14.56%
ROCE(3y)21.45%
ROCE(5y)21.01%
ROICexgc growth 3Y-16.09%
ROICexgc growth 5Y-9.21%
ROICexc growth 3Y-16.09%
ROICexc growth 5Y-9.21%
OM growth 3Y-10.37%
OM growth 5Y-0.59%
PM growth 3Y-67.67%
PM growth 5YN/A
GM growth 3Y1%
GM growth 5Y0.54%
F-Score7
Asset Turnover0.46
Health
Industry RankSector Rank
Debt/Equity 1.13
Debt/FCF 9.47
Debt/EBITDA 1.33
Cap/Depr 153.7%
Cap/Sales 50.59%
Interest Coverage 5.75
Cash Conversion 83.79%
Profit Quality 652.27%
Current Ratio 1.09
Quick Ratio 1.09
Altman-Z 1.73
F-Score7
WACC7.17%
ROIC/WACC1.94
Cap/Depr(3y)253.91%
Cap/Depr(5y)344.91%
Cap/Sales(3y)70.59%
Cap/Sales(5y)83.57%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-13.14%
EPS 3Y-11.28%
EPS 5Y21.11%
EPS Q2Q%-25.23%
EPS Next Y-39.18%
EPS Next 2Y-18.57%
EPS Next 3Y-6.04%
EPS Next 5Y0.2%
Revenue 1Y (TTM)11.23%
Revenue growth 3Y16.38%
Revenue growth 5Y35%
Sales Q2Q%18.49%
Revenue Next Year-10.36%
Revenue Next 2Y-4.01%
Revenue Next 3Y-0.62%
Revenue Next 5Y2.14%
EBIT growth 1Y17.09%
EBIT growth 3Y4.31%
EBIT growth 5Y34.2%
EBIT Next Year166.92%
EBIT Next 3Y47.85%
EBIT Next 5Y28.1%
FCF growth 1Y189.28%
FCF growth 3YN/A
FCF growth 5Y39.53%
OCF growth 1Y6.86%
OCF growth 3Y17.48%
OCF growth 5Y35.32%

NORTHERN OIL AND GAS INC / NOG Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for NORTHERN OIL AND GAS INC?

ChartMill assigns a fundamental rating of 5 / 10 to NOG.


What is the valuation status for NOG stock?

ChartMill assigns a valuation rating of 6 / 10 to NORTHERN OIL AND GAS INC (NOG). This can be considered as Fairly Valued.


Can you provide the profitability details for NORTHERN OIL AND GAS INC?

NORTHERN OIL AND GAS INC (NOG) has a profitability rating of 5 / 10.


What are the PE and PB ratios of NORTHERN OIL AND GAS INC (NOG) stock?

The Price/Earnings (PE) ratio for NORTHERN OIL AND GAS INC (NOG) is 6.2 and the Price/Book (PB) ratio is 1.39.


What is the earnings growth outlook for NORTHERN OIL AND GAS INC?

The Earnings per Share (EPS) of NORTHERN OIL AND GAS INC (NOG) is expected to decline by -39.18% in the next year.