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NOG

Northern Oil and Gas, Inc.

NOG

NYSE·Energy·Oil & Gas Exploration & Production·Mkt cap $2.9B

$26.60

+0.91%

P/E

-5.25

Mkt Cap

$2.9B

52-Wk Range

$17.18–$31.17

52-Week Range

$17.18 - $31.17

P/E

-5.25

Fwd P/E

6.63

Beta

0.73

Div Yield

6.83%

Avg Vol

2.9M

Shares Out

104.5M

Mkt Cap

$2.9B

Price action

Price chart

Down 1.4% over the trailing year

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

Strong

+19.6% over 3m

Quality

Stable

Mixed fundamentals

Dividend

High yield

6.83% yield

Earnings track record

Recent earnings results

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

Next: Nov 5, 2026

Q3 26 RECAP

AUG 6, 2026

Reported EPS of $1.13 vs $1.18 consensus (-4.2% surprise). Revenue of $745.2M vs $594.1M expected (+25.4%).

EPS miss
Rev beat +25.4%

EPS surprise · last 4Q

0 of 1 beats

Estimate

Actual

Q3 26

-4.2%

Revenue trend · last 8Q

+1%

+8%

+2%

-6%

-18%

-6%

+29%

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

Q2 26

$515.5M

$549.2M

$580.3M

$578.0M

$485.9M

$450.9M

$544.1M

$745.2M

Margins · last 8Q

Gross

0.0%

Operating

47.3%

Profit

31.8%

Wall Street consensus

6 analysts · 50% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

3

50%

Hold

2

33%

Sell

1

17%

Median Price Target

$25.00

-6.0% vs $26.60

Low $25.00
Median $25.00
High $25.00

Latest: Raymond James · Jul 15, 2026

1 analyst 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.