Northern Oil & Gas, Inc. (NOG) stock
Close on Nov 12, 2026Market cap $2.64BP/E –Yield –
Northern Oil & Gas, Inc. saw revenue fall 28.3% to $1.71B over the twelve months to Sep 30, 2026. Operating income fell 200.2% to -$413.04M, moving the operating margin from 17.3% to -24.2%. At the latest close the market valued the company at $2.64B.
Key statistics
Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026
Valuation
- Market cap
- $2.64B
- P/E ratio
- –
- Price to sales
- 1.54
- Price to book
- 1.45
- Dividend yield
- –
- Free cash flow yield
- –
Fundamentals
- Revenue
- $1.71B
- Net income
- -$468.76M
- EPS, diluted
- -$4.89
- Book value per share
- $17.21
- Diluted shares
- 106M
Trading
- Next earnings
- Feb 24, 2027 (estimated, after the close)
- Previous close
- $24.32
- Open
- $24.32
- Day's range
- $23.96 – $25.16
- Volume
- 1,678,215
- Average volume (20 days)
- 1,991,307
- Index membership
- S&P SmallCap 600 (since Feb 2023), Russell 2000 (since Jun 2021), Russell 3000 (since Aug 2021)
- Beta (5 years)
- 0.92
- 52-week range
- $17.18 – $31.17
- RSI (14 days)
- 47.7
- Volatility (1 year)
- 46.9%
- Relative volume
- 0.73×
- WACC
- 9.5%
On 1 of our idea list: Most shorted (a warning list)
Index membership is inferred from the holdings of funds that track each index (SPSM, IJR, IWM, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.
Market cap history
Month-end market cap since 2009, using shares outstanding reported at the time
Total return vs. the S&P 500
Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.
| Period | NOG | S&P 500 | Difference | NOG per year | S&P 500 per year |
|---|---|---|---|---|---|
| 1 month | -2.7% | -2.7% | +0.0 pts | ||
| 3 months | +4.7% | -1.7% | +6.5 pts | ||
| Year to date | +22.1% | +11.9% | +10.2 pts | ||
| 1 year | +21.5% | +12.0% | +9.5 pts | ||
| 3 years | -18.5% | +78.2% | −96.6 pts | -6.6% | +21.2% |
| 5 years | +32.9% | +73.2% | −40.4 pts | +5.9% | +11.6% |
| 10 years | +76.8% | +309.6% | −232.8 pts | +5.9% | +15.1% |
Fifteen years at a glance
Fiscal years 2011 to 2025 and trailing twelve months, USD
Revenue
Gross profit
Operating income
Net income
EPS, diluted
Free cash flow
Press releases
Releases Northern Oil & Gas filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Results
- News
- News
- Results
- Results
About Northern Oil & Gas
Crude Petroleum & Natural Gas
The company operates as an independent energy enterprise focusing on the acquisition, exploration, development, and extraction of oil and natural gas properties. Operating strictly as a non-operator, it invests in minority working and mineral interests alongside established operating partners rather than managing field operations directly. The company conducts its activities through a single reportable business segment, yielding crude oil and natural gas sold at market-linked spot and short-term index prices. Its production is distributed via pipelines and rail facilities through commercial arrangements negotiated by operating partners with diverse commodity purchasers across industrial, commercial, and utility sectors.
Company profile, executives and historyNorthern Oil & Gas stock: common questions
What is Northern Oil & Gas's stock price?
NOG closed at $24.74 on Nov 12, 2026, up 1.73% on the day. Over the past 52 weeks it traded between $17.18 and $31.17.
What is Northern Oil & Gas's market cap?
Northern Oil & Gas was worth $2.64B at the close on Nov 12, 2026: the share price times the diluted shares outstanding.
What is NOG's P/E ratio?
Northern Oil & Gas lost money over the twelve months to Sep 30, 2026 (diluted EPS -$4.89), so it has no meaningful P/E ratio.
How much revenue does Northern Oil & Gas make?
Northern Oil & Gas reported revenue of $1.71B for the twelve months to Sep 30, 2026, down 28.3% from a year earlier.
Does Northern Oil & Gas pay a dividend?
No. Northern Oil & Gas has not paid a cash dividend over the last twelve months.
When does Northern Oil & Gas report earnings next?
Northern Oil & Gas is expected to report Q4 FY2026 results on Feb 24, 2027, after the close. The date is estimated from its past reporting pattern until the company confirms it.
How has NOG stock performed over the past year?
Including dividends, NOG returned +21.5% over the past year, against +12.0% for the S&P 500.
How many NOG shares are sold short?
20M shares were sold short at the latest FINRA report, 19.15% of the float, or 12.8 days of average trading volume.
Who are Northern Oil & Gas's competitors?
Companies most similar to Northern Oil & Gas by business, industry and size include PHXE.P, CRK, DEC, MNR, MGY.
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