LIVE

NOG

Northern Oil and Gas, Inc.

NOG

NYSE·Energy·Oil & Gas Exploration & Production·Mkt cap $1.9B

$17.95

+2.22%

View full research view

Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

View research view

52-Week Range

$17.40 - $31.28

P/E

-2.84

Fwd P/E

6.65

Beta

0.69

Div Yield

10.25%

Avg Vol

2.9M

Shares Out

104.5M

Mkt Cap

$1.9B

Price action

Price chart

Down 41.4% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Large proved reserve base of 287+ billion barrels of oil equivalent
  • Diversified geographic presence across three major U.S. basins
  • Established operating infrastructure with 7,400+ producing wells
  • Independent operator model with operational flexibility

Bear Case

1 risk

  • Low volatility (beta 0.7).

Growth

Turning profitable

Commodity price appreciation for oil and natural gas

Value

Undervalued - trading well below Oil & Gas E&P peers

Momentum

Falling

-37.9% over 3m

Quality

Stable

Mixed fundamentals

Dividend

High yield

10.25% yield

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 27, 2026

Q2 26 RECAP

APR 28, 2026

Reported EPS of $0.74 vs $0.71 consensus (+4.2% surprise). Revenue of $5.0M vs $511.4M expected (-99.0%).

EPS beat +4.2%
Revenue miss

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+4.2%

Next: Apr 27, 2026

Revenue trend · last 8Q

+1%

+8%

+2%

-6%

-18%

-6%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$564.2M

$515.5M

$549.2M

$580.3M

$578.0M

$485.9M

$450.9M

$544.1M

Margins · last 8Q

Gross

Operating

Profit

-96.1%

Wall Street consensus

7 analysts · 43% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

3

43%

Hold

3

43%

Sell

1

14%

Median Price Target

$32.00

+78.3% vs $17.95

Low $25.00
Median $32.00
High $36.00

Latest: Morgan Stanley · $25.00 · Jun 29, 2026

3 analysts covering

vs Industry

How NOG stacks vs Oil & Gas Exploration & Production

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.