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StockVS

NYSE · Oil & Gas E&P · USD

Northern Oil and Gas, Inc. (NOG) Stock Analysis

Northern Oil and Gas, Inc. (NOG) is a Oil & Gas E&P stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

NOG

$27.44

−$0.10 (−0.36%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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NOG Key Statistics

As of Oct 21, 2026
Trading
Open
$27.43
Previous Close
$27.54
Day's Range
27.05–27.80
52-Week Range
17.18–31.17
Volume
1.66M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.92
Valuation
Market Cap
$2.92B
P/E Ratio
unprofitable
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
5.46
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
7.35
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
1.45
EPS (ttm)Profit attributable to each share over the last twelve months.
−4.85
Financials (FY)
Revenue (FY)
$2.10B−3.18%
Net Income (FY)
$38.76M−92.55%
Profit marginThe share of revenue left as profit after all costs and taxes.
−24.15%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
106.55M
1-Year Return
+36.05%
Dividend and dates
Dividend
$1.80+6.54%
Ex-Dividend Date
September 29, 2026
Earnings Date
November 5, 2026
Avg Volume
2.21M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, NOG closed at $27.44, +36.05% over 1 year.

Northern Oil and Gas, Inc. (NOG) has a market capitalization of $2.92B.

In fiscal 2025, NOG reported revenue of $2.10B.

NOG Stock Return by Calendar Year

Northern Oil and Gas, Inc. (NOG) 10-year return: what $10,000 became

1 year
$10,000 $13,605
+36.05%
5 years
$10,000 $14,243
+42.43%
10 years
$10,000 $14,128
+41.28%

If you had invested $10,000 in Northern Oil and Gas, Inc. (NOG) 10 years ago, at the close on October 21, 2016, it would have been worth $14,128 at the close on October 21, 2026: +41.28% in total, +3.52% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+32.82%
2025−38.20%
2024+4.84%
2023+25.54%
2022+54.51%
2021+136.72%
2020−62.56%
2019+3.54%
2018+10.24%
2017−25.45%
2016 (partial year)−32.60%

As of October 21, 2026.

NOG Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$2.10B$38.76M1.9%
2024$2.16B$520.31M24.0%
2023$1.91B$922.97M48.4%
2022$1.99B$773.24M38.9%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$2.10B$675.20M$601.02M$38.76M1.9%
2024$2.16B$835.98M$775.86M$520.31M24.0%
2023$1.91B$913.86M$862.61M$922.97M48.4%
2022$1.99B$1.32B$1.27B$773.24M38.9%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

NOG Dividend History

$1.80+9.8% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$0.902—
2025$1.804+9.8%
2024$1.644+10.1%
2023$1.494+69.3%
YearDividends per sharePaymentsChange
2026 (partial year)$0.902—
2025$1.804+9.8%
2024$1.644+10.1%
2023$1.494+69.3%
2022$0.884+467.7%
2021$0.163—

Most recent payment: $0.45 per share, ex-dividend June 29, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

NOG Valuation vs Oil & Gas E&P Median

Median of 116 stocks
MetricNOGOil & Gas E&P medianvs median
P/S ratio1.452.4140% below
Profit margin−24.15%12.09%36.2 pts below

Medians across 116 Oil & Gas E&P stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Northern Oil and Gas, Inc. (NOG) carries a market capitalisation of $2.92B. It is classified in the Oil & Gas E&P industry, within the Energy sector. The company reports 64 employees.

NOG last closed at $27.44 on October 21, 2026. That is −$0.10 (−0.36%) against the previous close. Over the past 52 weeks the price has ranged from $17.18 to $31.17. The latest close sits 59.72% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $2.10B. That is −3.18% against the prior fiscal year, when revenue was $2.16B. Net income for the same year was $38.76M. That is −92.55% against the prior fiscal year. Profit margin runs at −24.15%. That is 36.2 percentage points below the Oil & Gas E&P median of 12.09%. Earnings per share on a trailing basis come to −4.85.

Across the 4 fiscal years on file, revenue moves from $1.99B in 2022 to $2.10B in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

No trailing P/E applies: the last reported earnings figure is negative. The forward P/E on file is 5.46. The PEG ratio, which sets the P/E against expected earnings growth, reads 7.35. Measured against sales, the shares trade at 1.45 times revenue. On price-to-sales that is 39.71% below the Oil & Gas E&P median of 2.41. 116 Oil & Gas E&P companies report these metrics, and the medians quoted come from that group.

Over the trailing twelve months the total return is +36.05%. Measured over 10 years, that is +3.52% a year compounded. The reported beta is 0.92. Daily returns over the trailing 10 years annualize to a volatility of 70.17%.

Growth & Income

Shareholders receive a dividend, yielding 6.54% on the latest price. That is 3.3 percentage points above the Oil & Gas E&P median yield of 3.27%. The indicated annual rate is $1.80 a share. The ex-dividend date on file is September 29, 2026. Dividends are recorded for 6 calendar years; 2026 shows 2 payments totalling $0.90 a share. The year before, 2025, totalled $1.80 a share.

The strongest complete calendar year on file is 2021 at +136.72%; the weakest is 2020 at −62.56%. Of the 9 complete calendar years on file, 6 finished higher. So far in 2026 the total return is +32.82%.

Peer Comparison

Northern Oil and Gas, Inc. (NOG) operates in the Oil & Gas E&P industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Northern Oil and Gas, Inc. NOG $2.92B —
ConocoPhillips COP $175.00B 19.3
Canadian Natural Resources Limited CNQ $111.69B 13.3
EOG Resources, Inc. EOG $82.81B 12.3

The Oil & Gas E&P industry average P/E ratio is 14.6x. Northern Oil and Gas, Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Northern Oil and Gas, Inc.

Northern Oil and Gas, Inc., an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. Northern Oil and Gas, Inc. was founded in 2006 and is headquartered in Minnetonka, Minnesota.

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