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Northern Oil and Gas NYSE:NOG Stock Report

Last Price

US$36.10

Market Cap

US$3.6b

7D

0.2%

1Y

-4.0%

Updated

26 Dec, 2024

Data

Company Financials +

Northern Oil and Gas, Inc.

NYSE:NOG Stock Report

Market Cap: US$3.6b

NOG Stock Overview

An independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. More details

NOG fundamental analysis
Snowflake Score
Valuation6/6
Future Growth0/6
Past Performance5/6
Financial Health4/6
Dividends3/6

Rewards

Trading at 63% below our estimate of its fair value

Earnings grew by 25.5% over the past year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 35.2%

Risk Analysis

Earnings are forecast to decline by an average of 28.5% per year for the next 3 years

Has a high level of debt

Dividend of 4.65% is not well covered by free cash flows


My Notes

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WA
Analyst Price Target
Consensus Narrative from 12 Analysts

Future M&A And Ground Game Efforts Will Expand Assets, But Volatile Commodity Prices Could Pose Risks

Key Takeaways Strategic acquisitions and operational efficiencies are expected to enhance cash flow, reduce debt, and improve net margins and earnings. Focus on shareholder returns through share repurchases and dividends suggests potential for dividend growth and EPS enhancement.
View narrative
US$48.79
FV
26.0% undervalued intrinsic discount
5.21%
Revenue growth p.a.
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Updated narrative

Northern Oil and Gas, Inc. Competitors

Denbury

NYSE:DEN

US$4.6b

Crescent Energy

NYSE:CRGY

US$3.2b

Callon Petroleum

NYSE:CPE

US$2.4b

Murphy Oil

NYSE:MUR

US$4.2b

Price History & Performance

Summary of share price highs, lows and changes for Northern Oil and Gas
Historical stock prices
Current Share PriceUS$36.10
52 Week HighUS$44.31
52 Week LowUS$31.13
Beta1.83
1 Month Change-16.30%
3 Month Change2.64%
1 Year Change-4.01%
3 Year Change79.87%
5 Year Change61.88%
Change since IPO19.14%

Recent News & Updates

Northern Oil And Gas Returns To Appalachian Investment In 2025

Dec 23

There's No Escaping Northern Oil and Gas, Inc.'s (NYSE:NOG) Muted Earnings

Dec 17
There's No Escaping Northern Oil and Gas, Inc.'s (NYSE:NOG) Muted Earnings

Recent updates

Northern Oil And Gas Returns To Appalachian Investment In 2025

Dec 23

There's No Escaping Northern Oil and Gas, Inc.'s (NYSE:NOG) Muted Earnings

Dec 17
There's No Escaping Northern Oil and Gas, Inc.'s (NYSE:NOG) Muted Earnings

We Think Northern Oil and Gas (NYSE:NOG) Is Taking Some Risk With Its Debt

Nov 06
We Think Northern Oil and Gas (NYSE:NOG) Is Taking Some Risk With Its Debt

Northern Oil And Gas: Acquisitions Boost Oil Production By More Than 15%

Oct 04

Northern Oil and Gas' (NYSE:NOG) Dividend Will Be Increased To $0.42

Sep 20
Northern Oil and Gas' (NYSE:NOG) Dividend Will Be Increased To $0.42

Northern Oil and Gas: Stronger Positioning, But Commodity Prices Could Drag

Sep 12

Northern Oil and Gas' (NYSE:NOG) Upcoming Dividend Will Be Larger Than Last Year's

Aug 27
Northern Oil and Gas' (NYSE:NOG) Upcoming Dividend Will Be Larger Than Last Year's

Northern Oil and Gas' (NYSE:NOG) Shareholders Will Receive A Bigger Dividend Than Last Year

Aug 10
Northern Oil and Gas' (NYSE:NOG) Shareholders Will Receive A Bigger Dividend Than Last Year

Is Northern Oil and Gas (NYSE:NOG) A Risky Investment?

Jul 16
Is Northern Oil and Gas (NYSE:NOG) A Risky Investment?

Is Northern Oil and Gas, Inc. (NYSE:NOG) Trading At A 47% Discount?

Jun 16
Is Northern Oil and Gas, Inc. (NYSE:NOG) Trading At A 47% Discount?

Northern Oil and Gas Now Appears To Be Near Fair Valuation (Rating Downgrade)

May 22

Earnings Troubles May Signal Larger Issues for Northern Oil and Gas (NYSE:NOG) Shareholders

May 07
Earnings Troubles May Signal Larger Issues for Northern Oil and Gas (NYSE:NOG) Shareholders

Why Investors Shouldn't Be Surprised By Northern Oil and Gas, Inc.'s (NYSE:NOG) Low P/E

Mar 30
Why Investors Shouldn't Be Surprised By Northern Oil and Gas, Inc.'s (NYSE:NOG) Low P/E

These 4 Measures Indicate That Northern Oil and Gas (NYSE:NOG) Is Using Debt Reasonably Well

Mar 11
These 4 Measures Indicate That Northern Oil and Gas (NYSE:NOG) Is Using Debt Reasonably Well

Northern Oil And Gas: Expecting Close To $500 Million In 2024 Free Cash Flow

Feb 24

Northern Oil And Gas: Bigger Yield, EPS Growth In '24, Monitoring The Chart

Jan 19

Northern Oil and Gas (NYSE:NOG) Has Announced That It Will Be Increasing Its Dividend To $0.40

Dec 13
Northern Oil and Gas (NYSE:NOG) Has Announced That It Will Be Increasing Its Dividend To $0.40

Northern Oil and Gas (NYSE:NOG) Is Increasing Its Dividend To $0.40

Nov 23
Northern Oil and Gas (NYSE:NOG) Is Increasing Its Dividend To $0.40

Northern Oil And Gas: Net Debt Should Be Reduced To $1.6 Billion By End Of 2023 (Rating Upgrade)

Nov 04

Northern Oil and Gas (NYSE:NOG) Will Pay A Larger Dividend Than Last Year At $0.40

Nov 03
Northern Oil and Gas (NYSE:NOG) Will Pay A Larger Dividend Than Last Year At $0.40

Northern Oil and Gas, Inc. (NYSE:NOG) Shares Could Be 42% Below Their Intrinsic Value Estimate

Oct 03
Northern Oil and Gas, Inc. (NYSE:NOG) Shares Could Be 42% Below Their Intrinsic Value Estimate

Northern Oil and Gas (NYSE:NOG) Will Pay A Larger Dividend Than Last Year At $0.38

Sep 12
Northern Oil and Gas (NYSE:NOG) Will Pay A Larger Dividend Than Last Year At $0.38

Northern Oil and Gas: Production May Exceed 110,000 BOEPD In Q4 2023

Aug 31

Northern Oil and Gas (NYSE:NOG) Is Increasing Its Dividend To $0.38

Aug 28
Northern Oil and Gas (NYSE:NOG) Is Increasing Its Dividend To $0.38

Northern Oil and Gas: A Buy Until The Music Stops, Again

Aug 24

Here's Why We Think Northern Oil and Gas (NYSE:NOG) Is Well Worth Watching

Aug 04
Here's Why We Think Northern Oil and Gas (NYSE:NOG) Is Well Worth Watching

Shareholder Returns

NOGUS Oil and GasUS Market
7D0.2%-0.8%-0.4%
1Y-4.0%3.5%24.8%

Return vs Industry: NOG underperformed the US Oil and Gas industry which returned 3.5% over the past year.

Return vs Market: NOG underperformed the US Market which returned 24.8% over the past year.

Price Volatility

Is NOG's price volatile compared to industry and market?
NOG volatility
NOG Average Weekly Movement5.3%
Oil and Gas Industry Average Movement5.4%
Market Average Movement6.3%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.1%

Stable Share Price: NOG has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: NOG's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a38Nick O'Gradywww.noginc.com

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. It primarily holds interests in the Williston Basin, the Appalachian Basin, and the Permian Basin in the United States. The company is based in Minnetonka, Minnesota.

Northern Oil and Gas, Inc. Fundamentals Summary

How do Northern Oil and Gas's earnings and revenue compare to its market cap?
NOG fundamental statistics
Market capUS$3.58b
Earnings (TTM)US$837.46m
Revenue (TTM)US$2.00b

4.3x

P/E Ratio

1.8x

P/S Ratio

Is NOG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NOG income statement (TTM)
RevenueUS$2.00b
Cost of RevenueUS$415.27m
Gross ProfitUS$1.59b
Other ExpensesUS$747.60m
EarningsUS$837.46m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)8.43
Gross Margin79.24%
Net Profit Margin41.87%
Debt/Equity Ratio84.4%

How did NOG perform over the long term?

See historical performance and comparison

Dividends

4.7%

Current Dividend Yield

19%

Payout Ratio

Does NOG pay a reliable dividends?

See NOG dividend history and benchmarks
When do you need to buy NOG by to receive an upcoming dividend?
Northern Oil and Gas dividend dates
Ex Dividend DateDec 30 2024
Dividend Pay DateJan 31 2025
Days until Ex dividend4 days
Days until Dividend pay date36 days

Does NOG pay a reliable dividends?

See NOG dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 01:04
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Northern Oil and Gas, Inc. is covered by 36 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Daniel McSpiritBMO Capital Markets Equity Research
Phillip JungwirthBMO Capital Markets Equity Research
Daniel McSpiritBMO Capital Markets U.S. (Historical)