Northern Oil & Gas Inc
Northern Oil & Gas Inc (NOG) is listed on NYSE and classified in Oil & Gas E&P, part of the Energy sector. It is headquartered in Minnetonka, United States and has 64 employees. The company is worth $2.9B. Revenue was $2.48B in fiscal 2025, up 11.2% from the year before. Net income was $38.76M. The share price is 12.5% below its 52-week high of $31.17. It pays a dividend yielding 6.60%. 4 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Israel Englander (Millennium Management), at $41.77M. In that quarter, 4 of them opened or added to the position. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +33.3% over 5Y.
today you would have $1,502.87▲ +50.3%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 17 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $21.47 | $37.16 | $37.07 | $30.82 | $20.58 | $8.76 | $23.40 | $22.60 | $20.50 | $27.50 | $38.60 | $56.50 | $150.70 | $168.20 | $239.80 | $272.10 | $118.40 | |
| P/E |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Cash flow growing 5.0% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Energy, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| TALOTalos Energy Inc | $17.66 | — | 1.5x | 0.00% | -17.82% | $2.95B |
| GPORGulfport Energy Corp | $160.50 | 6.3x | 1.6x | 0.00% | 27.41% | $2.84B |
| EFXTEnerflex Ltd. | $22.89 | 52.0x | 2.4x | 0.52% | 4.62% | $2.79B |
| SDRLSEADRILL Ltd | $49.19 |
| 14.6x |
| 55.1x |
| 7.2x |
| 3.7x |
| 3.5x |
| — |
| — |
| — |
| 3.7x |
| — |
| — |
| — |
| 2.1x |
| 17.7x |
| 14.6x |
| 36.9x |
| 194.4x |
| 148.0x |
| P/S | 1.7x | 0.8x | 1.7x | 1.7x | 1.7x | 3.2x | 1.0x | 2.0x | 1.3x | 0.6x | 1.2x | 0.9x | 0.6x | 2.8x | 3.4x | 10.2x | 37.9x | 36.6x |
| P/B | 1.8x | 1.0x | 1.6x | 1.8x | 3.5x | 7.4x | — | 1.7x | 2.0x | — | — | — | 0.4x | 1.5x | 1.8x | 3.1x | 3.9x | 4.2x |
| EPS | $0.39 | $5.14 | $10.03 | $8.92 | -$0.13 | -$21.55 | -$2.00 | $6.07 | -$1.50 | -$48.00 | -$160.80 | $26.90 | $8.50 | $11.50 | $6.50 | $1.40 | $0.80 |
| Dividend yield | 4.02% | 8.38% | 4.41% | 4.02% | 2.86% | 0.75% | — | — | — | — | — | — | — | — | — | — | — | — |
| Payout | 23.38% | 461.54% | 31.91% | 14.86% | 9.87% | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit margin | 15.80% | 1.57% | 23.38% | 42.61% | 49.23% | 1.28% | -164.08% | -16.16% | 21.16% | -4.39% | -202.54% | -354.60% | 27.52% | 15.80% | 23.20% | 27.19% | 15.52% | 19.68% |
| ROE | 8.56% | 1.82% | 22.42% | 45.07% | 103.75% | 2.96% | — | -13.66% | 33.43% | — | — | — | 21.24% | 8.56% | 12.33% | 8.18% | 1.59% | 2.27% |
Median of the years shown; P/E years above 200x are left out.
Dividend growing 0.0% a year against a 8.6% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
2 methods answered, across 2 families.
Room for errors in the reported numbers.
+358.4% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 1639.7x |
| 1.1x |
| 0.00% |
| 0.04% |
| $3.08B |
| BTUPeabody Energy Corp | $22.43 | — | 0.8x | 1.34% | -4.77% | $2.73B |
| BSMBlack Stone Minerals, L.P. | $15.03 | 12.5x | 3.9x | 8.12% | 25.59% | $3.2B |