We are an independent energy company engaged as a non-operator in the acquisition, exploration, development and production of oil and natural gas properties in the United States, primarily in the Williston Basin, the Permian Basin, the Appalachian Basin and the Uinta Basin. We believe the location, size and concentration of our acreage positions in some of North America’s leading unconventional oil and gas resource plays provide us with drilling and development opportunities that will result in significant long-term value. We currently report a single reportable segment. See “Financial Statements” and the notes to our financial statements for financial information about this reportable segment. Our primary strategy is to invest in non-operated minority working and mineral interests in oil and natural gas properties, with a core area of focus in the premier basins within the United States.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.5B | 2.5B | 2.2B | 2.2B | 2.0B | 975M |
| Net Income | 39M | 39M | 520M | 923M | 728M | -8.4M |
| EPS | $0.39 | $0.39 | $5.14 | $10.03 | $8.92 | $-0.13 |
| Free Cash Flow | 1.2B | 1.2B | 1.1B | 947M | 924M | 396M |
| ROIC | 2.2% | 2.2% | 10.0% | 21.8% | 30.4% | 4.2% |
| Gross Margin | 12.4% | 12.4% | 39.9% | 54.6% | 45.5% | 9.8% |
| Debt/Equity | 2.25 | 2.25 | 2.04 | 1.79 | 4.09 | 7.47 |
| Dividends/Share | $1.74 | $1.74 | $1.60 | $1.35 | $0.63 | $0.08 |
| Operating Income | 246M | 246M | 838M | 1.1B | 853M | 78M |
| Operating Margin | 9.9% | 9.9% | 37.6% | 51.8% | 43.0% | 8.0% |
| ROE | 1.8% | 1.7% | 23.8% | 66.1% | 151.5% | -3.9% |
| Shares Outstanding | 99M | 99M | 101M | 92M | 82M | 65M |
NORTHERN OIL & GAS, INC. passes 3 of 9 quality checks, indicating weak fundamentals.
NORTHERN OIL & GAS, INC. trades at 69.9x trailing earnings, compared to its 15-year median P/E of 4.9x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 2.3x vs a median of 2.5x. The company's 5-year average ROIC is 13.7% with a gross margin of 32.5%. Total shareholder yield (dividends + buybacks) is 8.5%. At current prices, the estimated annualized return to fair value is +7.8%.
NORTHERN OIL & GAS, INC. (NOG) has a current P/E ratio of 69.9, compared to its historical median P/E of 4.9. The stock is currently considered Expensive based on its historical valuation range.
NORTHERN OIL & GAS, INC. (NOG) has a 5-year average return on invested capital (ROIC) of 13.7%. This indicates solid capital allocation.
NORTHERN OIL & GAS, INC. (NOG) has a market capitalization of $2.7B. It is classified as a mid-cap stock.
Yes, NORTHERN OIL & GAS, INC. (NOG) pays a dividend with a trailing twelve-month yield of 6.40%. The company also returns capital through share buybacks, with a buyback yield of 2.10%.
Based on historical P/E analysis, NORTHERN OIL & GAS, INC. (NOG) appears expensive. The current P/E of 69.9 is 1322% above its historical median of 4.9. The estimated fair value CAGR (P/E method) is 9.3%.
NORTHERN OIL & GAS, INC. (NOG) operates in the Crude Petroleum & Natural Gas industry, within the Energy sector.
NORTHERN OIL & GAS, INC. (NOG) reported annual revenue of $2.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
NORTHERN OIL & GAS, INC. (NOG) has a net profit margin of 1.6%. This is a modest margin.
NORTHERN OIL & GAS, INC. (NOG) generated $1.2 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
NORTHERN OIL & GAS, INC. (NOG) has a debt-to-equity ratio of 2.25. This indicates higher leverage, which may increase financial risk.
NORTHERN OIL & GAS, INC. (NOG) reported earnings per share (EPS) of $0.39 in its most recent fiscal year.
NORTHERN OIL & GAS, INC. (NOG) has a return on equity (ROE) of 1.7%. This indicates moderate shareholder returns.
NORTHERN OIL & GAS, INC. (NOG) has a 5-year average gross margin of 32.5%. This indicates decent pricing power.
The Ledger Terminal provides 17 years of financial data for NORTHERN OIL & GAS, INC. (NOG), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
NORTHERN OIL & GAS, INC. (NOG) has a book value per share of $21.39, based on its most recent annual SEC filing.
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