Northern Oil and Gas, Inc.
NOG
Positions held
Your positionsNOG isn't in your positions.
Add it to see shares, cost, and P&L here.
Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Northern Oil and Gas is positioned well in the energy sector, benefiting from a favorable industry cycle as demand for oil and gas continues to rise.
- Revenue increased by 24% compared to the prior quarter, reaching $675 million.
- Gross margin improved significantly to 45.8%, up from 32.9% in the previous quarter.
- Despite the positive revenue growth, Northern Oil and Gas has a negative profit margin of -24.15%, indicating ongoing financial struggles.
- The company reported a net income loss of $522.847 million in the first quarter of 2026.
- Free cash flow remains negative at -$459.63 million, raising concerns about liquidity.
Fundamentals
| Market cap | $2.68B | Enterprise value | $5.34B | Trailing P/E | — | Forward P/E | 5.52 |
| PEG | 7.35 | Price / book | 1.34 | Beta | 0.92 | Dividend yield | 7.16% |
| Revenue growth | 16.0% | Earnings growth | 119.0% | Gross margin | 75.4% | Operating margin | 57.1% |
| Profit margin | -24.2% | ROE | -22.0% | ROA | 4.6% | Debt / equity | 1.37 |
| Current ratio | 0.80 | Free cash flow | -$459.63M | Analyst recommendation | buy | Mean target | $30.44 |
| 52w high | $31.17 | 52w low | $17.18 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $675M | $544M | $451M | $486M | $578M | — |
| Op margin | 41.8% | 28.0% | 16.7% | 25.1% | 33.9% | — |
| Net income | $237M | -$523M | -$70.7M | -$129M | $99.6M | — |
| Gross margin | 45.8% | 32.9% | 21.3% | 28.7% | 37.2% | — |
| Gross profit | $309M | $179M | $95.9M | $140M | $215M | — |
| Operating income | $282M | $152M | $75.3M | $122M | $196M | — |
- Revenue +24% vs prior quarter ($675M vs $544M).
- Gross margin 45.8% (was 32.9% prior quarter).
- Operating margin expanded to 41.8%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $2.1B | $2.2B | $1.9B | $2.0B | — |
| Op margin | 28.7% | 35.9% | 45.2% | 63.9% | — |
| Net income | $38.8M | $520M | $923M | $773M | — |
| Gross margin | 32.2% | 38.6% | 47.9% | 66.3% | — |
| Gross profit | $675M | $836M | $914M | $1.3B | — |
| Operating income | $601M | $776M | $863M | $1.3B | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-08 · 3 Oil Stocks Retail Investors Are Watching As Brent Climbs And Bond Yields Bite
2026-10-07 · NOG Schedules Third Quarter Earnings Release and Conference Call
2026-10-06 · Spotting Winners: Northern Oil and Gas (NYSE:NOG) And U.S. Shale E&P Stocks In Q2
2026-09-30 · Gas Price Decline and Hedging Losses Pressure Northern Oil and Gas (NOG)
2026-09-29 · 3 Small-Cap Stocks with Questionable Fundamentals
2026-09-29 · Oil Stocks With Direct Brent And WTI Exposure Investors Should Watch
2026-09-21 · 3 Cash-Producing Stocks with Open Questions
2026-09-21 · 4 Ultra-High-Yield Energy Stocks Are September Strong Buys (One Yields Over 10%)
2026-09-21 · 3 U.S. Energy Stocks Retail Investors Are Watching for Inflation Resilience
2026-09-18 · 2 Energy Stocks with Impressive Fundamentals and 1 We Find Risky
Price (daily)
Full chart · RSI · MACD · patterns