Skip to main content
    N

    Northern Oil & Gas Inc (NOG)

    Official site

    ENERGY • OIL & GAS E&P • NYSE

    $26.30
    -0.09 (-0.34%)

    Market Cap: $2.80B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    72%(28/39)
    Avg Surprise
    +160.27%
    Streak
    2 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.99
    Range$0.65 - $1.75
    7 analysts
    EPS RevisionsNo revisions (7d)
    3
    2
    30d
    EPS Estimate DriftChange to current
    90d ago$0.90+10.2%
    60d ago$0.97+1.7%
    30d ago$1.00-1.4%
    7d ago$0.990.0%
    Current$0.99
    Revenue Consensus
    $590M
    Range$548M - $681M
    5 analysts
    Period ending Dec 31, 2026
    EPS Consensus$1.16
    Range$0.44 - $2.53
    8 analysts
    Revenue Consensus
    $372M
    Range$160M - $658M
    6 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$1.16---
    Sep 26EST
    		-$0.99---
    Jun 26
    Reported Aug 6
    		$1.13$1.02+10.78%Beat-17.5%
    Mar 26
    Reported Apr 28
    		$0.74$0.68+8.82%Beat-44.4%
    Dec 25
    Reported Feb 25
    		$0.83$0.96-13.14%Miss-25.2%
    Sep 25
    Reported Nov 6
    		$1.03$0.87+18.39%Beat-26.4%
    Jun 25
    Reported Jul 31
    		$1.37$0.95+44.21%Beat-6.2%
    Mar 25
    Reported Apr 29
    		$1.33$1.13+17.70%Beat+3.9%
    Dec 24
    Reported Feb 19
    		$1.11$1.08+2.67%Beat-31.1%
    Sep 24
    Reported Nov 5
    		$1.40$1.20+16.67%Beat-19.1%
    Jun 24
    Reported Jul 30
    		$1.46$1.23+18.70%Beat-2.0%
    Mar 24
    Reported Apr 30
    		$1.28$1.18+8.47%Beat-27.3%
    Dec 23
    Reported Feb 22
    		$1.61$1.77-9.04%Miss+12.6%
    Sep 23
    Reported Nov 1
    		$1.73$1.78-2.81%Miss-3.9%
    Jun 23
    Reported Aug 2
    		$1.49$1.34+11.19%Beat-13.4%
    Mar 23
    Reported May 4
    		$1.76$1.59+10.69%Beat+11.4%
    Dec 22
    Reported Feb 23
    		$1.43$1.65-13.33%Miss+34.9%
    Sep 22
    Reported Nov 8
    		$1.80$1.75+2.86%Beat+114.3%
    Jun 22
    Reported Aug 3
    		$1.72$1.66+3.61%Beat+87.0%
    Mar 22
    Reported May 5
    		$1.58$1.25+26.40%Beat+154.8%
    Dec 21
    Reported Feb 24
    		$1.06$1.10-3.64%Miss+65.6%
    Sep 21
    Reported Nov 5
    		$0.84$0.89-5.62%Miss+64.7%
    Jun 21
    Reported Aug 5
    		$0.92$0.70+31.43%Beat+360.0%
    Mar 21
    Reported May 7
    		$0.62$0.53+16.98%Beat+55.0%
    Dec 20
    Reported Mar 12
    		$0.64$0.66-3.03%Miss+28.0%
    Sep 20
    Reported Nov 6
    		$0.51$0.38+34.21%Beat-43.3%
    Jun 20
    Reported Aug 7
    		$0.20$0.30-33.33%Miss-83.3%
    Mar 20
    Reported May 11
    		$0.40$0.33+21.21%Beat-42.9%
    Dec 19
    Reported Mar 12
    		$0.50$0.73-31.51%Miss-80.0%
    Sep 19
    Reported Nov 12
    		$0.90$1.14-21.05%Miss-18.2%
    Jun 19
    Reported Aug 1
    		$1.20$1.11+8.11%Beat+33.3%
    Mar 19
    Reported May 9
    		$0.70$1.24-43.55%Miss-58.8%
    Dec 18
    Reported Mar 12
    		$2.50$1.40+78.57%Beat+150.0%
    Sep 18
    Reported Nov 8
    		$1.10$1.10+0.00%Beat+175.0%
    Jun 18
    Reported Aug 9
    		$0.90$0.79+13.92%Beat+1635.8%
    Mar 18
    Reported May 7
    		$1.70$1.15+47.83%Beat-37.8%
    Dec 17
    Reported Feb 22
    		$1.00$0.93+7.53%Beat+150.0%
    Sep 17
    Reported Nov 8
    		$0.40$-0.01+4100.00%Beat-
    Jun 17
    Reported Aug 8
    		$-0.06N/A+60.93%Beat-
    Mar 17
    Reported May 8
    		$2.73$-0.16+1808.50%Beat-
    Dec 16
    Reported Mar 1
    		$0.40$0.40+0.00%Beat-

    Dividends

    Dividend Metrics

    Forward Yield6.84%
    Forward Annual Dividend$1.80
    Payout Ratio491.65%
    FrequencyQuarterly
    Pay MonthsJan, Apr, Jul, Oct

    Growth

    3Y CAGR+26.94%
    NOG dividend history and ex-dividend datesRun NOG in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio7.05EV/EBITDA16.10x
    Price/FCF-9.47xFCF Yield-10.56%
    Profitability
    Profit Margin-24.10%Operating Margin57.10%
    ROE-22.10%ROIC-7.44%
    Financial Health
    Debt/Equity1.37xInterest Coverage1.90x
    Current Ratio0.80xQuick Ratio0.80x
    Trading Statistics
    Beta0.92Avg Volume2.15M
    52-Week High$29.4152-Week Low$16.85

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$24.75
    SMA 20$23.97
    SMA 50$24.47
    SMA 200$23.48
    EMA 10$25.01
    EMA 20$24.59
    EMA 50$23.98
    EMA 200$23.21

    MACD

    Line: 0.40Signal: 0.07Hist: 0.33

    ADX

    ADX: 21.3+DI: 30.0-DI: 13.5

    Aroon & PSAR

    Aroon Up16.0
    Aroon Down56.0
    PSAR$23.29

    Bollinger Bands

    Upper Band$26.37
    Lower Band$21.58
    %B Position2000%(Upper)
    Band Width0.99

    RSI (14-Day)

    Neutral
    65.8

    Momentum Oscillators

    Stoch %K93.8
    Stoch %D90.4
    Williams %R-8.2
    ROC (10d)14.9%
    Momentum3.42
    CCI (20d)161.9
    MFI (14d)82.8

    Volatility Measures

    ATR (14d)$0.90(3.4%)
    StdDev (20d)1.20
    Hist Vol36.6%(Moderate)

    Volume Flow

    VWAP$26.27
    OBV41.8M
    AD Line-2.4B
    CMF (20d)-0.624

    Volume Metrics

    Avg Vol (20d)2.2M
    Vol Ratio1.1x
    VWMA (20d)$23.96

    Pivot Points

    R3$28.19
    R2$27.42
    R1$26.90
    Pivot Point$26.13
    S1$25.62
    S2$24.85
    S3$24.33

    Advanced Oscillators

    TSI12.23
    Ultimate Osc57.2
    KST-21.05

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$745.24M$5.03M$610.18M$556.64M$706.81M$602.10M$514.98M$753.64M$560.77M$396.35M$793.52M$313.97M
    Cost of Revenue$127.09M$129.75M$119.88M$118.32M$121.43M$114.04M$116.58M$106.90M$100.86M$105.45M$102.06M$82.51M
    Gross Profit$618.15M$-124,718,000$490.30M$438.32M$585.38M$488.06M$398.39M$646.74M$459.91M$290.90M$691.46M$231.47M
    Operating Expenses$265.61M$530.16M$524.14M$564.08M$409.21M$258.78M$265.76M$212.80M$240.97M$238.58M$207.41M$189.03M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$27.02M$26.45M$20.60M$17.37M$19.19M$17.02M$18.46M$12.47M$15.77M$13.41M$10.32M$13.08M
    Operating Income$352.54M$-654,883,000$-33,839,000$-125,761,000$176.17M$229.28M$132.63M$433.94M$218.94M$52.32M$484.04M$42.44M
    Interest Income$1.47M$0$-292,000$-131,000$1,000$0$283,000$-20,000$0$0$0$0
    Interest Expense$41.44M$42.60M$51.95M$42.98M$44.39M$43.35M$45.26M$36.84M$37.70M$37.92M$36.51M$37.04M
    Income Before Tax$310.60M$-695,917,000$-86,058,000$-168,802,000$131.78M$185.79M$87.84M$397.22M$181.30M$14.45M$447.61M$5.42M
    Income Tax Expense$73.97M$-173,070,000$-15,326,000$-39,728,000$32.19M$46.80M$16.14M$98.78M$42.75M$2.85M$58.76M$-20,691,000
    Net Income$236.63M$-522,847,000$-70,732,000$-129,074,000$99.58M$138.98M$71.70M$298.45M$138.56M$11.61M$388.85M$26.11M
    EBITDA$545.50M$-454,224,000$172.35M$75.64M$384.10M$436.94M$339.62M$621.86M$397.71M$228.25M$637.30M$178.14M
    EBIT$350.56M$-653,317,000$-33,813,000$-125,696,000$176.17M$229.14M$132.81M$434.08M$219.00M$52.38M$484.13M$42.46M
    * Some calculated fields are derived from available data when not provided by source

    Related GNG Research

    No research available

    Be the first to write about NOG

    News

    NOG Maintained by Citigroup -- Price Target Raised to $32.00

    Citigroup has maintained a 'Buy' rating for Northern Oil & Gas (NOG) and raised its price target to $32.00 from $28.00...

    GuruFocus•10/15/26•Bullish

    Mizuho lifts target for Northern Oil and Gas stock to USD 30.00

    Mizuho has increased its price target for Northern Oil and Gas (NOG) stock from $29.00 to $30.00, maintaining a Neutral rating. This adjustment comes as Northern Oil and Gas estimates its third-quarter capital spending...

    ad-hoc-news.de•10/15/26•Somewhat-Bullish

    Northern Oil and Gas, Inc. Stock 12‑Month Price Target Raised to $31.7, Implies 20% Upside

    Northern Oil and Gas, Inc. (NOG) has seen its average 12-month price target raised from $31.2 to $31.7 by 10 analysts...

    TradingView•10/14/26•Bullish

    Northern Oil & Gas Inc (NOG) Stock Up 3.8% and Still Undervalued -- GF Score: 72/100

    Northern Oil & Gas Inc (NOG) saw its shares rise by 3.8% to $26.39, trading below its GF Value™ of $29.91, suggesting an 11.8% undervaluation. The company holds an above-average GF Score™ of 72/100...

    GuruFocus•10/14/26•Somewhat-Bullish

    Northern Oil & Gas posts $300–$320M unrealized derivative loss, $250–$253M Q3 capex update

    Northern Oil & Gas (NOG) reported preliminary third-quarter 2026 results including estimated unrealized mark-to-market derivative losses of $300.0–$320.0 million and realized hedge losses of $51.0–$52.0 million....

    TradingView•10/13/26•Neutral

    NOG Valuation and Fair Value

    P/E
    7.1x
    Forward P/E
    4.6x
    EV/EBITDA
    16.1x
    P/FCF
    -9.5x
    PEG
    7.3x
    P/B
    1.4x
    See GNG's fair value

    NOG Profitability: Margins, ROIC and FCF

    Gross margin
    74.2%
    Operating margin
    57.1%
    Net margin
    -24.1%
    ROIC
    -7.4%
    ROE
    -22.1%
    FCF margin
    -15.3%
    FCF yield
    -10.6%

    NOG Competitors

    CompanyTicker
    Talos EnergyTALO
    Select Energy Services IncWTTR
    Peabody Energy CorpBTU
    Centrus Energy Corp.LEU
    Seadrill LimitedSDRL
    Cosan SA ADRCSAN
    Gulfport Energy Operating CorpGPOR
    EagleRock Land, LLCEROK

    Sector: Energy

    NOG Analyst Ratings

    Consensus
    Hold
    Analysts
    9
    Strong Buy
    1
    Buy
    3
    Hold
    4
    Sell
    1
    Strong Sell
    0

    NOG Bull Case vs Bear Case

    Bull case

    • NOG beat EPS estimates in 87.5% of its last 8 reported quarters.
    • NOG grew quarterly revenue 16.0% year over year.

    Bear case

    • NOG has a -24.1% net profit margin.

    NOG Earnings: Beat Rate and Next Report

    Beat rate
    7 of 8 quarters (87.5%)
    Average surprise
    13.3%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.99
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    3 up, 2 down

    NOG Dividend

    Forward yield
    6.8%
    Payout ratio
    491.6%
    3Y DPS growth
    26.9%
    Pay months
    Jan, Apr, Jul, Oct
    NOG dividend history

    Frequently Asked Questions About NOG

    What is NOG's current dividend yield?

    Northern Oil & Gas Inc (NOG) has a forward dividend yield of 6.84%.

    Does NOG pay dividends?

    Yes, Northern Oil & Gas Inc pays dividends with a forward dividend yield of 6.84%.

    What is NOG's P/E ratio?

    Northern Oil & Gas Inc has a price-to-earnings (P/E) ratio of 7.05.

    What is NOG's market cap?

    Northern Oil & Gas Inc (NOG) has a market capitalization of $2.80B with a current stock price of $26.30.

    Related stocks

    Sector: Energy

    All stocks starting with N

    Get full access to GNG Research

    Create a free account to access portfolio tracking, advanced tools, and more.

    Create Free AccountLog In