# Northern Oil and Gas Inc. (NOG) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Energy / Oil, Gas & Fuels. Price $24.98, market value $2.7 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Northern Oil and Gas Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 1.4×**. Each dollar of revenue is priced at 1.4×.
- **Price / book: 1.3×**. The shares trade at 1.3× book value; book value is a meaningful part of the valuation.

## Profitability
- **Operating margin: -24.1%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: 1.6%**. 1.6% of each dollar of sales reaches the bottom line.
- **Return on equity: 1.8%**. 1.8% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: -8.1%**. Return on all capital, debt included, is -8.1%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -9.0%**. Each dollar of assets produces -9.0% of profit.

## Growth
- **Revenue growth (1 yr): 11.2%** (3-yr 7.6%/yr, 5-yr 50.2%/yr). Revenue grew 11.2% over the last year, against 50.2% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -92.4%** (3-yr -64.8%/yr). Earnings per share fell 92.4%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 1.13**. Debt is 1.13 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Current ratio: 1.09** (quick 1.09). Current assets cover the next year's liabilities 1.09 times.
- **Altman Z-score: 1.65**. A Z-score of 1.65 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 7.21%** ($1.80 per share, trailing). Northern Oil and Gas Inc. yields 7.21%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 447%**. The dividend exceeds earnings (447% payout), which is rarely sustainable outside REITs and one-off years.
- **Consecutive years of increases: 5**. 5 straight years of increases.
- **Shareholder yield: 9.4%**. Dividends plus net buybacks return 9.4% of the market value a year.

## Analyst view
- **Analyst consensus: buy** (9 analysts). 9 analysts cover Northern Oil and Gas Inc.; the consensus is buy, with an average price target of $30.56 (+22% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 23.7%** (YTD 24.9%, 3-mo 24.8%). The shares are up 23.7% over twelve months including dividends.
- **From 52-week high: -19.9%** (45.4% above the low). Trading 20% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 46**. An RSI of 46 is neutral.
- **Beta (1 yr): -0.37** (volatility 46%). Beta of -0.37 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=NOG · Page: https://foliofundamentals.com/stocks/nog

Not investment advice.