AMEX:NOG

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Northern Oil and Gas

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.


Snowflake Analysis

Adequate balance sheet with proven track record.


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.2%

NOG

2.7%

US Oil and Gas

2.4%

US Market


1 Year Return

-59.6%

NOG

-31.6%

US Oil and Gas

9.2%

US Market

Return vs Industry: NOG underperformed the US Oil and Gas industry which returned -31.6% over the past year.

Return vs Market: NOG underperformed the US Market which returned 9.2% over the past year.


Shareholder returns

NOGIndustryMarket
7 Day-1.2%2.7%2.4%
30 Day3.2%7.7%10.2%
90 Day-38.8%-6.9%3.4%
1 Year-59.6%-59.6%-28.4%-31.6%11.6%9.2%
3 Year-51.8%-51.8%-28.9%-36.1%33.7%24.9%
5 Year-88.7%-88.7%-38.3%-47.6%59.7%41.8%

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?

0.8x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate NOG's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate NOG's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: NOG is good value based on its PE Ratio (0.8x) compared to the Oil and Gas industry average (9.7x).

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).


Next Steps

Future Growth

How is Northern Oil and Gas forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-79.3%

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 (-79.3% per year).

Earnings vs Market: NOG's earnings are forecast to decline over the next 3 years (-79.3% 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 (-8% per year).

High Growth Revenue: NOG's revenue is forecast to decline over the next 3 years (-8% 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


Next Steps

Past Performance

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

63.3%

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 -19.8%.


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.


Next Steps

Financial Health

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).


Balance Sheet


Next Steps

Dividend

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.


Next Steps

Management

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

0.4yrs

Average management tenure


CEO

Nick O'Grady (40yo)

0.42

Tenure

US$2,031,700

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 ($USD2.03M) is about average for companies of similar size in the US market ($USD2.17M).

Compensation vs Earnings: Nick's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Nicholas O'Grady
Chief Executive Officer0.42yrUS$2.03m0.20% $634.1k
Chad Allen
Chief Financial Officer0.42yrUS$575.40k0.049% $156.9k
Adam Dirlam
Chief Operating Officer0.42yrUS$767.00k0.096% $308.7k
Erik Romslo
Chief Legal Officer & Secretary8.67yrsUS$847.00k0.14% $437.8k
Brandon Elliott
Consultant0.50yrUS$1.89m0.12% $380.7k
James Evans
Senior Vice President of Engineering0.42yrno datano data
Michael Kelly
Executive Vice President of Finance0.42yrno data0.012% $39.8k

0.4yrs

Average Tenure

38.5yo

Average Age

Experienced Management: NOG's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Stuart Lasher
Director0.25yrno data0.64% $2.1m
Bahram Akradi
Independent Chairman of the Board2.33yrsUS$2.28m4.59% $14.8m
Roy Easley
Independent Director2yrsUS$255.35k0.042% $135.9k
Lisa Meier
Independent Director12.75yrsUS$243.85k0.067% $217.4k
Michael Reger
Founder & Chairman Emeritus3.42yrsUS$2.41m2.49% $8.0m
Robert Grabb
Independent Director13.08yrsUS$215.09k0.079% $254.6k
Jack King
Independent Director13.08yrsUS$266.86k0.072% $230.6k
Michael Frantz
Independent Director3.83yrsUS$249.60k0.050% $160.2k
Michael Popejoy
Independent Director3.42yrsUS$209.34k0.042% $134.1k

3.4yrs

Average Tenure

59yo

Average Age

Experienced Board: NOG's board of directors are considered experienced (3.4 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.5%.


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: AMEX
  • Founded:
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: US$322.429m
  • Shares outstanding: 405.57m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NOGAMEX (NYSE MKT LLC)YesCommon StockUSUSDFeb 2006
4LTDB (Deutsche Boerse AG)YesCommon StockDEEURFeb 2006

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. 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/04 03:41
End of Day Share Price2020/06/03 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.