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.
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Adequate balance sheet with proven track record.
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's share price has been volatile over the past 3 months.
7 Day Return
US Oil and Gas
1 Year Return
US Oil and Gas
Return vs Industry: NOG underperformed the US Oil and Gas industry which returned -43.3% over the past year.
Return vs Market: NOG underperformed the US Market which returned 5.3% over the past year.
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
1 month ago | Simply Wall StWe're Not Counting On Northern Oil and Gas (NYSEMKT:NOG) To Sustain Its Statutory Profitability
1 month ago | Simply Wall StWhy Northern Oil and Gas, Inc.’s (NYSEMKT:NOG) Return On Capital Employed Is Impressive
2 months ago | Simply Wall StNorthern Oil and Gas, Inc. (NYSEMKT:NOG) Analysts Just Trimmed Their Revenue Forecasts By 18%
Is Northern Oil and Gas undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NOG ($0.75) is trading above our estimate of fair value ($0.27)
Significantly Below Fair Value: NOG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NOG is good value based on its PE Ratio (0.8x) compared to the US Oil and Gas industry average (7.7x).
PE vs Market: NOG is good value based on its PE Ratio (0.8x) compared to the US market (16.1x).
Price to Earnings Growth Ratio
PEG Ratio: NOG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: NOG is good value based on its PB Ratio (0.3x) compared to the US Oil and Gas industry average (0.7x).
How is Northern Oil and Gas forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NOG's earnings are forecast to decline over the next 3 years (-100.7% per year).
Earnings vs Market: NOG's earnings are forecast to decline over the next 3 years (-100.7% per year).
High Growth Earnings: NOG's earnings are forecast to decline over the next 3 years.
Revenue vs Market: NOG's revenue is expected to decline over the next 3 years (-7.3% per year).
High Growth Revenue: NOG's revenue is forecast to decline over the next 3 years (-7.3% 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
How has Northern Oil and Gas performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NOG has a high level of non-cash earnings.
Growing Profit Margin: NOG's current net profit margins (72.8%) are higher than last year (7.2%).
Past Earnings Growth Analysis
Earnings Trend: NOG has become profitable over the past 5 years, growing earnings by 63.3% per year.
Accelerating Growth: NOG's earnings growth over the past year (1023.2%) exceeds its 5-year average (63.3% per year).
Earnings vs Industry: NOG earnings growth over the past year (1023.2%) exceeded the Oil and Gas industry -21.6%.
Return on Equity
High ROE: Whilst NOG's Return on Equity (39.56%) is high, this metric is skewed due to their high level of debt.
How is Northern Oil and Gas's financial position?
Financial Position Analysis
Short Term Liabilities: NOG's short term assets ($354.8M) exceed its short term liabilities ($235.1M).
Long Term Liabilities: NOG's short term assets ($354.8M) do not cover its long term liabilities ($993.3M).
Debt to Equity History and Analysis
Debt Level: NOG's debt to equity ratio (103.2%) is considered high.
Reducing Debt: NOG's debt to equity ratio has reduced from 157.5% to 103.2% over the past 5 years.
Debt Coverage: NOG's debt is well covered by operating cash flow (32.8%).
Interest Coverage: NOG's interest payments on its debt are well covered by EBIT (7x coverage).
What is Northern Oil and Gas's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NOG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate NOG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if NOG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NOG's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NOG's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Nick O'Grady (41yo)
Mr. Nicholas L. O'Grady, also known as Nick, has been the Chief Executive Officer at Northern Oil and Gas, Inc., since January 1, 2020. Mr. O'Grady served as President at Northern Oil and Gas, Inc. since S ...
CEO Compensation Analysis
Compensation vs Market: Nick's total compensation ($USD2.03M) is about average for companies of similar size in the US market ($USD2.16M).
Compensation vs Earnings: Nick's compensation has increased by more than 20% in the past year.
|Chief Executive Officer||0.50yr||US$2.03m||0.24% $795.4k|
|Chief Financial Officer||0.50yr||US$575.40k||0.069% $227.0k|
|Chief Operating Officer||0.50yr||US$767.00k||0.13% $432.0k|
|Chief Legal Officer & Secretary||8.75yrs||US$847.00k||0.16% $518.2k|
|Senior Vice President of Engineering||0.50yr||no data||no data|
|Executive Vice President of Finance||0.50yr||no data||0.036% $116.4k|
Experienced Management: NOG's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.
|Director||0.33yr||no data||0.62% $2.0m|
|Independent Chairman of the Board||2.42yrs||US$2.28m||4.42% $14.5m|
|Independent Director||2.08yrs||US$255.35k||0.056% $182.1k|
|Independent Director||12.83yrs||US$243.85k||0.079% $259.0k|
|Founder & Chairman Emeritus||3.5yrs||US$2.41m||2.32% $7.6m|
|Independent Director||13.17yrs||US$215.09k||0.090% $294.0k|
|Independent Director||13.17yrs||US$266.86k||0.083% $271.4k|
|Independent Director||3.92yrs||US$249.60k||0.063% $205.0k|
|Independent Director||3.5yrs||US$209.34k||0.055% $180.4k|
Experienced Board: NOG's board of directors are considered experienced (3.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NOG insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.7%.
Northern Oil and Gas, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Northern Oil and Gas, Inc.
- Ticker: NOG
- Exchange: AMEX
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: US$326.783m
- Shares outstanding: 435.77m
- Website: https://www.northernoil.com
Number of Employees
- Northern Oil and Gas, Inc.
- 601 Carlson Parkway
- Suite 990
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NOG||AMEX (NYSE MKT LLC)||Yes||Common Stock||US||USD||Feb 2006|
|4LT||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Feb 2006|
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. The company primarily holds interests in the Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana. As of December 31, 2019, it owned working interests in 6,156 gross producing wells; and had proved reserves of 163.3 million barrels of oil equivalent. The company is based in Minnetonka, Minnesota.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/14 23:59|
|End of Day Share Price||2020/07/14 00:00|
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.