Stock AnalizNorthern Oil & Gas, Inc. NOG
Oil & Gas Production · IPO 2022 · data as of November 13, 2026
Northern Oil & Gas, Inc. (NOG) is a energy company listed in the US with a market value of about $2.7B. In the twelve months to September 30, 2026 it had revenue of $1.7B and net income of -$469M, a net margin of -27.5%.
Its overall Stock Analiz score is 1.8 out of 5 (weak). The strongest part is track record (3/5); the weakest is financial health (0/5).
Key numbers: 5-year revenue growth of 35% a year, a 5-year average ROIC of 18%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 339% above the current price.
Score: 1.8 / 5
Checks passed
- Price below intrinsic value (DCF, moderate assumptions)
- Revenue growth above 10% last year
- 3-year free cash flow growth above 10% a year
- 5-year revenue growth above 8% a year
- 5-year average ROIC above 12%
- Profitable 5 years in a row
- Pays a dividend
- Dividend 3 years in a row
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- PEG below 1.5
- 3-year revenue growth above 10% a year
- Profit margin improving
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.7B | $2.5B | $2.2B | $2.2B | $2.0B | $975M | $552M | $472M | $679M | $209M | $145M |
| Net income | -$469M | $39M | $520M | $923M | $773M | $6M | -$906M | -$76M | $144M | -$9M | -$293M |
| Free cash flow | -$206M | $1.5B | $1.4B | $1.2B | $924M | $396M | $331M | $339M | $244M | $73M | $102M |
| EPS (diluted) | $-4.42 | $0.39 | $5.14 | $10.03 | $8.92 | $-0.13 | $-21.55 | $-2.00 | $6.07 | $-1.50 | $-48.00 |
| Net margin | -27.5% | 1.6% | 23.4% | 42.6% | 38.9% | 0.7% | -164.1% | -16.2% | 21.2% | -4.4% | -202.5% |
| ROIC | — | 3.4% | 13.7% | 26.6% | 37.4% | 7.4% | -116.6% | 3.3% | 27.1% | 10.6% | -66.1% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 9 analysts is $30.33, 21% above the current price; targets range from $26.00 to $35.00; the consensus rating is “Buy”; expected EPS is $4.42 for the fiscal year ending December 31, 2026.
Frequently asked questions
Is Northern Oil & Gas stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 339% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Northern Oil & Gas pay a dividend?
Yes. The dividend yield is about 7.17%, and it has paid dividends for 5 years in our data.
Is Northern Oil & Gas a good stock to buy?
We do not give buy or sell advice. Northern Oil & Gas scores 1.8 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.