WallStSmart
NOG

Northern Oil & Gas Inc

NYSE: NOG · ENERGY · OIL & GAS E&P

$23.63
-4.11% today

Updated 2026-06-05

Market cap
$2.50B
P/E ratio
P/S ratio
1.30x
EPS (TTM)
$-6.32
Dividend yield
7.69%
52W range
$19 – $31
Volume
2.6M

WallStSmart proprietary scores

43
out of 100
Grade: D
Sell
Investment rating
2.7
Growth
F
4.0
Quality
C
3.0
Profitability
D
6.0
Valuation
B
4/9
Piotroski F-Score
Moderate
1.1
Altman Z-Score
Distress
Industry rank
View all highly rated stocks (75+) →202 stocks currently score above 75

Price targets

Analyst target
$36.10
+52.77%
12-Month target
$9.36
-60.39%
Intrinsic (DCF)
Margin of safety
1 Strong Buy5 Buy3 Hold1 Sell0 Strong Sell

Price chart

Stock snapshot

Strengths
Insufficient data
Risks
- Altman Z 1.05 — distress zone
- Thin margins at -32.40%
- Negative free cash flow $-311.06M
- Revenue declining -7.10% QoQ

Key financials

Revenue Net Income Free Cash Flow
Metric2022202320242025TTM
Revenue$1.99B$1.91B$2.16B$2.10B$1.93B
Net income$773.24M$922.97M$520.31M$38.76M$-522.85M
EPS$-6.32
Free cash flow$-431.36M$-661.93M$-283.19M$252.83M$-311.06M
Profit margin38.94%48.40%24.05%1.85%-32.40%

Peer comparison

CompanyMkt CapScoreGrowthProfitValueQualityMoSRating
NOG$2.50B432.73.06.04.0Hold
XOM$619.92B502.75.54.76.5-82.92%Buy
CVX$373.52B512.75.05.76.5Buy
SHEL$238.11B634.75.55.36.0-59.10%Buy
TTE$195.51B725.36.57.05.0Strong Buy
COP$142.38B582.06.56.36.5Buy

Smart narrative

Northern Oil & Gas Inc trades at $23.63. Our Smart Value Score of 43/100 indicates the stock is fair. The company scores 4/9 on the Piotroski F-Score. With an Altman Z-Score of 1.05, it sits in the distress. TTM revenue stands at $1.93B. with profit margins at -32.40%.

Frequently asked questions

What is Northern Oil & Gas Inc's stock price?

Northern Oil & Gas Inc (NOG) trades at $23.63, on a P/S of 1.3x. Those multiples show what the market is paying for each dollar of earnings and sales, which is the real starting point for judging whether the price is reasonable.

Is Northern Oil & Gas Inc overvalued?

Northern Oil & Gas Inc carries a Smart Value Score of 43/100 (Grade D), which we rate Sell. That score blends growth, quality, and valuation into one read.

What is the price target of Northern Oil & Gas Inc (NOG)?

The 12-month analyst consensus target is $36.10, about 52.8% above the current $23.63. A consensus target is the average of Wall Street's 12-month forecasts, so it works as a sentiment gauge rather than a guarantee, and it resets with every earnings cycle.

What is Northern Oil & Gas Inc's revenue?

Northern Oil & Gas Inc's trailing twelve-month revenue is $1.93B. Revenue scale anchors the valuation multiples and shows whether growth is reaching the top line, so it is best read alongside margin and growth trends to see if that revenue is getting more profitable over time.

Altman Z-Score?

Northern Oil & Gas Inc's Altman Z-Score is 1.05, which places it in the distress. The Altman Z-Score gauges bankruptcy risk from profitability, leverage, and asset efficiency, and a higher reading points to lower financial distress risk.

Company info

SectorENERGY
IndustryOIL & GAS E&P
CountryUSA
ExchangeNYSE
CurrencyUSD

Quick metrics

P/S ratio1.30x
ROE-29.80%
Beta0.77
50D MA$27.39
200D MA$24.81
Shares out0.11B
Float0.10B
Short ratio
Avg volume2.6M

Performance

1 week
1 month
3 months
YTD
1 year
3 years
5 years