Northern Oil and Gas, Inc.

NYSE:NOG Stock Report

Market Cap: US$3.6b

Northern Oil and Gas Balance Sheet Health

Financial Health criteria checks 4/6

Northern Oil and Gas has a total shareholder equity of $2.3B and total debt of $2.0B, which brings its debt-to-equity ratio to 84.4%. Its total assets and total liabilities are $5.1B and $2.7B respectively. Northern Oil and Gas's EBIT is $1.2B making its interest coverage ratio 8. It has cash and short-term investments of $34.4M.

Key information

84.4%

Debt to equity ratio

US$1.95b

Debt

Interest coverage ratio8x
CashUS$34.36m
EquityUS$2.31b
Total liabilitiesUS$2.74b
Total assetsUS$5.06b

Recent financial health updates

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

Financial Position Analysis

Short Term Liabilities: NOG's short term assets ($518.9M) exceed its short term liabilities ($420.3M).

Long Term Liabilities: NOG's short term assets ($518.9M) do not cover its long term liabilities ($2.3B).


Debt to Equity History and Analysis

Debt Level: NOG's net debt to equity ratio (82.9%) is considered high.

Reducing Debt: NOG's debt to equity ratio has reduced from 221.8% to 84.4% over the past 5 years.

Debt Coverage: NOG's debt is well covered by operating cash flow (74.8%).

Interest Coverage: NOG's interest payments on its debt are well covered by EBIT (8x coverage).


Balance Sheet


Discover healthy companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 11:29
End of Day Share Price 2024/12/30 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)