NYSEAM:NOG

Stock Analysis Report

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Market Cap

US$1.2b

Last Updated

2021/06/20 22:36 UTC

Data Sources

Company Financials +

Executive Summary

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. More Details


Snowflake Analysis

Reasonable growth potential and slightly overvalued.


Similar Companies

Share Price & News

How has Northern Oil and Gas's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NOG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: NOG's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

-0.9%

NOG

-4.9%

US Oil and Gas

-1.9%

US Market


1 Year Return

90.6%

NOG

35.8%

US Oil and Gas

38.2%

US Market

Return vs Industry: NOG exceeded the US Oil and Gas industry which returned 35.8% over the past year.

Return vs Market: NOG exceeded the US Market which returned 38.2% over the past year.


Shareholder returns

NOGIndustryMarket
7 Day-0.9%-4.9%-1.9%
30 Day13.3%1.9%1.0%
90 Day44.7%9.0%3.8%
1 Year90.6%90.6%44.3%35.8%40.4%38.2%
3 Year-31.2%-31.2%-14.4%-26.4%57.5%47.8%
5 Year-59.7%-59.7%0.6%-19.2%127.2%101.7%

Long-Term Price Volatility Vs. Market

How volatile is Northern Oil and Gas's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Northern Oil and Gas undervalued compared to its fair value and its price relative to the market?

45.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NOG ($19.06) is trading below our estimate of fair value ($34.97)

Significantly Below Fair Value: NOG is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NOG is unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.

PE vs Market: NOG is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NOG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NOG has negative assets, so we can't compare its PB Ratio to the US Oil and Gas industry average.


Future Growth

How is Northern Oil and Gas forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

40.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NOG is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: NOG is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: NOG's is expected to become profitable in the next 3 years.

Revenue vs Market: NOG's revenue (11.8% per year) is forecast to grow faster than the US market (9.5% per year).

High Growth Revenue: NOG's revenue (11.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if NOG's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Northern Oil and Gas performed over the past 5 years?

-10.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NOG is currently unprofitable.

Growing Profit Margin: NOG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NOG is unprofitable, and losses have increased over the past 5 years at a rate of 10.2% per year.

Accelerating Growth: Unable to compare NOG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NOG is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-42.9%).


Return on Equity

High ROE: NOG's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Financial Health

How is Northern Oil and Gas's financial position?


Financial Position Analysis

Short Term Liabilities: NOG has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: NOG has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: NOG has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: NOG's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable NOG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: NOG is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 9.8% per year.


Dividend

What is Northern Oil and Gas's current dividend yield, its reliability and sustainability?

0.63%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NOG's dividend (0.63%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: NOG's dividend (0.63%) is low compared to the top 25% of dividend payers in the US market (3.49%).


Stability and Growth of Payments

Stable Dividend: NOG is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: NOG is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NOG's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.4yrs

Average management tenure


CEO

Nick O'Grady (41 yo)

1.42yrs

Tenure

US$1,392,882

Compensation

Mr. Nicholas L. O'Grady, also known as Nick, has been the Chief Executive Officer at Northern Oil and Gas, Inc., since January 1, 2020. Mr. O'Grady served as President at Northern Oil and Gas, Inc. since S...


CEO Compensation Analysis

Compensation vs Market: Nick's total compensation ($USD1.39M) is below average for companies of similar size in the US market ($USD3.73M).

Compensation vs Earnings: Nick's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: NOG's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: NOG's board of directors are considered experienced (4.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 60.4%.


Top Shareholders

Company Information

Northern Oil and Gas, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Northern Oil and Gas, Inc.
  • Ticker: NOG
  • Exchange: NYSEAM
  • Founded: NaN
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: US$1.240b
  • Shares outstanding: 65.05m
  • Website: https://www.northernoil.com

Number of Employees


Location

  • Northern Oil and Gas, Inc.
  • 601 Carlson Parkway
  • Suite 990
  • Minnetonka
  • Minnesota
  • 55305
  • United States

Listings


Biography

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. T...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/20 22:36
End of Day Share Price2021/06/18 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.