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

NYSE:NOG • US6655313079

Current stock price

26.52 USD
-0.64 (-2.36%)
At close:
26.1692 USD
-0.35 (-1.32%)
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.
  • NOG had a positive operating cash flow in the past year.
  • 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 worse Return On Assets (0.72%) than 65.55% of its industry peers.
  • The Return On Equity of NOG (1.82%) is worse than 64.59% of its industry peers.
  • NOG has a better Return On Invested Capital (13.93%) than 92.34% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for NOG is significantly below the industry average of 22.50%.
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

  • NOG has a Profit Margin of 1.57%. This is in the lower half of the industry: NOG underperforms 61.72% of its industry peers.
  • NOG's Profit Margin has declined in the last couple of years.
  • NOG has a Operating Margin of 39.65%. This is amongst the best in the industry. NOG outperforms 86.12% of its industry peers.
  • NOG's Operating Margin has been stable in the last couple of years.
  • With an excellent Gross Margin value of 75.56%, NOG belongs to the best of the industry, outperforming 86.60% of the companies in the same industry.
  • NOG's Gross Margin has been stable in the last couple of years.
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

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. NOG Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so NOG is creating value.
  • NOG has less shares outstanding than it did 1 year ago.
  • The number of shares outstanding for NOG has been increased compared to 5 years ago.
  • 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 1.70. This is a bad value and indicates that NOG is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of NOG (1.70) is comparable to the rest of the industry.
  • NOG has a debt to FCF ratio of 9.47. This is a negative value and a sign of low solvency as NOG would need 9.47 years to pay back of all of its debts.
  • NOG has a Debt to FCF ratio (9.47) which is in line with its industry peers.
  • A Debt/Equity ratio of 1.13 is on the high side and indicates that NOG has dependencies on debt financing.
  • With a Debt to Equity ratio value of 1.13, NOG is not doing good in the industry: 70.33% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.13
Debt/FCF 9.47
Altman-Z 1.7
ROIC/WACC1.95
WACC7.16%
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

  • NOG has a Current 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.
  • NOG has a Current ratio of 1.09. This is comparable to the rest of the industry: NOG outperforms 45.45% of its industry peers.
  • A Quick Ratio of 1.09 indicates that NOG should not have too much problems paying 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

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. NOG Growth Analysis

3.1 Past

  • The earnings per share for NOG have decreased strongly by -25.09% in the last year.
  • NOG shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.11% yearly.
  • Looking at the last year, NOG shows a quite strong growth in Revenue. The Revenue has grown by 11.23% in the last year.
  • NOG shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 35.00% yearly.
EPS 1Y (TTM)-25.09%
EPS 3Y-11.28%
EPS 5Y21.11%
EPS Q2Q%-44.36%
Revenue 1Y (TTM)11.23%
Revenue growth 3Y16.38%
Revenue growth 5Y35%
Sales Q2Q%-10.34%

3.2 Future

  • NOG is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -9.70% yearly.
  • Based on estimates for the next years, NOG will show a decrease in Revenue. The Revenue will decrease by -0.06% on average per year.
EPS Next Y-23.4%
EPS Next 2Y-11.91%
EPS Next 3Y-9.49%
EPS Next 5Y-9.7%
Revenue Next Year-5.29%
Revenue Next 2Y-0.64%
Revenue Next 3Y0.71%
Revenue Next 5Y-0.06%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • 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
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

More info and screens

Find the best growth stocksShow best growing peers

7

4. NOG Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 6.68 indicates a rather cheap valuation of NOG.
  • Based on the Price/Earnings ratio, NOG is valued cheaper than 92.34% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.64. NOG is valued rather cheaply when compared to this.
  • NOG is valuated cheaply with a Price/Forward Earnings ratio of 7.49.
  • 92.82% of the companies in the same industry are more expensive than NOG, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 21.36, NOG is valued rather cheaply.
Industry RankSector Rank
PE 6.68
Fwd PE 7.49
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 98.56% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, NOG is valued cheaply inside the industry as 82.78% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 11.1
EV/EBITDA 2.89
NOG Per share dataNOG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

  • NOG's earnings are expected to decrease with -9.49% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.32
EPS Next 2Y-11.91%
EPS Next 3Y-9.49%

More info and screens

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

5

5. NOG Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 6.63%, NOG is a good candidate for dividend investing.
  • NOG's Dividend Yield is rather good when compared to the industry average which is at 3.51. NOG pays more dividend than 84.21% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.80, NOG pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.63%

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 Years4
Div Non Decr Years4
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-11.91%
EPS Next 3Y-9.49%
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

More info and screens

Find the best dividend stocksShow peers with best dividend

NOG Fundamentals: All Metrics, Ratios and Statistics

NORTHERN OIL AND GAS INC

NYSE:NOG (5/1/2026, 8:04:00 PM)

After market: 26.1692 -0.35 (-1.32%)

26.52

-0.64 (-2.36%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Industry Strength83.23
Industry Growth71.43
Earnings (Last)04-28
Earnings (Next)07-29
Inst Owners106.4%
Inst Owner Change0.32%
Ins Owners2.83%
Ins Owner Change0.66%
Market Cap2.81B
Revenue(TTM)2.48B
Net Income(TTM)38.76M
Analysts78.67
Price Target36.38 (37.18%)
Short Float %17.17%
Short Ratio6.49
Dividend
Industry RankSector Rank
Dividend Yield 6.63%
Yearly Dividend1.77
Dividend Growth(5Y)N/A
DP447.37%
Div Incr Years4
Div Non Decr Years4
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)9.07%
PT rev (3m)15.43%
EPS NQ rev (1m)-18.07%
EPS NQ rev (3m)-14.13%
EPS NY rev (1m)25.95%
EPS NY rev (3m)19.87%
Revenue NQ rev (1m)1.01%
Revenue NQ rev (3m)0.06%
Revenue NY rev (1m)2%
Revenue NY rev (3m)5.51%
Valuation
Industry RankSector Rank
PE 6.68
Fwd PE 7.49
P/S 1.13
P/FCF 11.1
P/OCF 1.86
P/B 1.32
P/tB 1.32
EV/EBITDA 2.89
EPS(TTM)3.97
EY14.97%
EPS(NY)3.54
Fwd EY13.34%
FCF(TTM)2.39
FCFY9.01%
OCF(TTM)14.23
OCFY53.66%
SpS23.4
BVpS20.1
TBVpS20.1
PEG (NY)N/A
PEG (5Y)0.32
Graham Number42.3742 (59.78%)
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 1.7
F-Score7
WACC7.16%
ROIC/WACC1.95
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)-25.09%
EPS 3Y-11.28%
EPS 5Y21.11%
EPS Q2Q%-44.36%
EPS Next Y-23.4%
EPS Next 2Y-11.91%
EPS Next 3Y-9.49%
EPS Next 5Y-9.7%
Revenue 1Y (TTM)11.23%
Revenue growth 3Y16.38%
Revenue growth 5Y35%
Sales Q2Q%-10.34%
Revenue Next Year-5.29%
Revenue Next 2Y-0.64%
Revenue Next 3Y0.71%
Revenue Next 5Y-0.06%
EBIT growth 1Y17.09%
EBIT growth 3Y4.31%
EBIT growth 5Y34.2%
EBIT Next Year181.32%
EBIT Next 3Y44.43%
EBIT Next 5Y24.52%
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 7 / 10 to NORTHERN OIL AND GAS INC (NOG). This can be considered as Undervalued.


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 6.68 and the Price/Book (PB) ratio is 1.32.


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 -23.4% in the next year.