Northern Oil and Gas, Inc.

Valuation Analysis

About the Company

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.

Northern Oil and Gas, Inc. Stock at a Glance

Northern Oil and Gas, Inc. (NOG) is currently trading at $20.79 with a market capitalization of $2.3B. The 52-week range spans from $20.06 to $32.27; the current price is 35.6% below the yearly high. Year-over-year revenue growth stands at -7.1%.

💰 Dividend

Northern Oil and Gas, Inc. pays an annual dividend of $1.80 per share, representing a yield of 8.66%. The payout ratio stands at 461.54%. The elevated payout ratio reflects a mature dividend policy.

📊 Analyst Rating

9 analysts rate Northern Oil and Gas, Inc. (NOG) on consensus: Buy. The average price target is $34.22, implying +64.61% from the current price. Analyst price targets range from $29.00 to $38.00.

Northern Oil and Gas, Inc.: The Investment Case in Detail

Northern Oil and Gas, Inc. (NOG) operates in the Energy — specifically Oil & Gas E&P — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

The Bull Case

With a gross margin near 74.58%, the company sits in the top tier of its industry — these are the kinds of structural margins that protect earnings during downturns. Wall Street consensus sits at Buy with an average price target implying roughly 64.61% upside from current levels — analyst sentiment is firmly constructive.

The Bear Case

Revenue is contracting at -7.1% year-over-year — until that trend reverses, valuation is exposed to further downgrades. Net margins remain negative, meaning every euro of revenue is still producing losses — the path to profitability is the central question for shareholders. Short interest sits at 19.77% of float — a meaningful contingent of professionals is positioned for the share to fall, which deserves attention even if their thesis may turn out to be wrong.

Valuation in Context

With a PEG ratio of 0.65, the price-to-earnings multiple is actually below the company's growth rate — classic value-meets-growth territory that Peter Lynch would have called a 'GARP' opportunity. The EV/EBITDA multiple of 3.25x is below the historical equity-market average — strategic acquirers would find the cash-flow profile attractive at this level.

What to Watch Next

• The price sits in the lower quartile of the 52-week range — value hunters often start scaling in around this zone if fundamentals hold.
• The analyst consensus price target implies 64.61% upside — if the next two quarters confirm the underlying thesis, target hikes typically follow.

Investment Thesis: Strengths & Weaknesses

Technical Snapshot

The price is in a transition zone relative to the moving averages — no clear signal.

Risk Profile

The data points to relatively defensive market behavior, elevated short interest (19.77%), higher leverage relative to equity.

Trading Data

💵 Dividend Info

Related Stocks in the Same Sector

Where can I buy Northern Oil and Gas, Inc.?

Compare top-rated brokers — low fees, trusted providers, fully regulated.