NOG
Northern Oil and Gas, Inc.
NYSEUSDEQUITY
Energy
DELAYED
Neutral
+7/100
Last price
23.91
▼ 0.12 (0.50%)
MARKET · —
Price
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Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
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Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
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Range —
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vs
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Open
—
Prev close
24.03
Day high
24.27
Day low
23.73
Volume
1.18M
Market cap
$2.55B
P/E (TTM)
—
52W range
17.18 – 31.17
Trailing performance
Returnvs SPY
1W
+5.15%
+3.2%
1M
-7.75%
-8.9%
3M
+23.50%
+19.0%
6M
-19.09%
-37.3%
YTD
+11.36%
-2.9%
1Y
-4.51%
-20.9%
3Y
-40.57%
-122.8%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on NOG open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
3.08M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 30, 26 | MEIER LISA G Director |
STOCK | 1.91K | $0 | Direct |
| Sep 30, 26 | FRANTZ MICHAEL A Director |
STOCK | 1.91K | $0 | Direct |
| Sep 30, 26 | KIMBLE WILLIAM F Director |
STOCK | 1.91K | $0 | Direct |
| Sep 30, 26 | AKRADI BAHRAM Director |
STOCK | 5.03K | $0 | Direct |
| Sep 30, 26 | LASHER STUART G. Director |
STOCK | 1.91K | $0 | Direct |
| Sep 30, 26 | POMERANTZ JENNIFER S. Director |
STOCK | 3.00K | $0 | Direct |
| Jun 30, 26 | MEIER LISA G Director |
STOCK | 2.41K | $0 | Direct |
| Jun 30, 26 | FRANTZ MICHAEL A Director |
STOCK | 2.41K | $0 | Direct |
| Jun 30, 26 | KIMBLE WILLIAM F Director |
STOCK | 2.41K | $0 | Direct |
| Jun 30, 26 | AKRADI BAHRAM Director |
STOCK | 6.34K | $0 | Direct |
| Jun 30, 26 | LASHER STUART G. Director |
STOCK | 2.41K | $0 | Direct |
| Jun 30, 26 | POMERANTZ JENNIFER S. Director |
STOCK | 3.79K | $0 | Direct |
| Jun 22, 26 | AKRADI BAHRAM Director |
BUY | 25.76K | $499.74K | Direct |
| Mar 31, 26 | MEIER LISA G Director |
STOCK | 1.50K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
AKRADI BAHRAM |
Director | 1.72M | Stock Award(Grant) |
ALLEN CHAD WILLIAM |
Chief Financial Officer | 83.91K | Stock Award(Grant) |
DIRLAM ADAM A |
President | — | Stock Award(Grant) |
EASLEY ROY ERNEST |
Director | 86.67K | Stock Award(Grant) |
EVANS JAMES B |
Chief Technology Officer | 78.18K | Stock Award(Grant) |
FRANTZ MICHAEL A |
Director | 69.05K | Stock Award(Grant) |
KING JACK E |
Director | 66.77K | Stock Award(Grant) |
LASHER STUART G. |
Director | 370.34K | Stock Award(Grant) |
O'GRADY NICHOLAS L |
Chief Executive Officer | 261.07K | Stock Award(Grant) |
ROMSLO ERIK J |
Officer | 101.76K | Stock Award(Grant) |
Fundamentals
Market cap$2.55B
Enterprise value$5.21B
Revenue (TTM)$2.01B
Gross profit$1.52B
EBITDA$1.20B
Net income$-486.02M
EPS (TTM)$-4.85
Free cash flow$-459.63M
Total cash$47.60M
Total debt$2.72B
Book value / share$18.81
Shares outstanding106.55M
Float103.04M
Short % of float24.41%
Dividend yield7.53%
Beta (5Y)0.92
Valuation & profitability ratios
Trailing P/E—
Forward P/E5.25
PEG ratio7.35
Price / sales—
Price / book1.27
EV / revenue2.59
EV / EBITDA4.34
Gross margin75.40%
Operating margin57.06%
Profit margin-24.15%
Return on equity-22.05%
Return on assets4.60%
Debt / equity136.56
Current ratio0.80
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $2.10B | $2.16B | $1.91B | $1.99B | -3.2% |
| Operating revenue | $2.08B | $2.15B | $1.90B | $1.99B | -3.3% |
| Cost of revenue | $1.42B | $1.33B | $993.15M | $670.14M | +6.9% |
| Gross profit | $675.20M | $835.98M | $913.86M | $1.32B | -19.2% |
| Selling, general & admin | $61.33M | $50.46M | $46.80M | $47.20M | +21.5% |
| Total operating expense | $74.18M | $60.11M | $51.25M | $47.20M | +23.4% |
| Operating income | $601.02M | $775.86M | $862.61M | $1.27B | -22.5% |
| Net interest income | -$172.38M | -$157.72M | -$135.66M | -$80.33M | -9.3% |
| Pre-tax income | $62.70M | $680.82M | $1.00B | $776.34M | -90.8% |
| Tax provision | $23.94M | $160.51M | $77.77M | $3.10M | -85.1% |
| Net income | $38.76M | $520.31M | $922.97M | $773.24M | -92.6% |
| Net income to common | $38.76M | $520.31M | $922.97M | $727.70M | -92.6% |
| Basic EPS | 0.40 | 5.21 | 10.09 | 9.26 | -92.3% |
| Diluted EPS | 0.39 | 5.14 | 10.03 | 8.92 | -92.4% |
| EBIT | $235.09M | $838.53M | $1.14B | $856.67M | -72.0% |
| EBITDA | $1.05B | $1.58B | $1.62B | $1.11B | -33.5% |
| Basic shares | 97.71M | 99.85M | 91.48M | 78.56M | -2.1% |
| Diluted shares | 99.31M | 101.27M | 92.06M | 86.68M | -1.9% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $14.30M | $8.93M | $8.20M | $2.53M | +60.1% |
| Cash & short-term investments | $14.30M | $8.93M | $8.20M | $2.53M | +60.1% |
| Accounts receivable | $349.93M | $389.67M | $370.53M | $271.34M | -10.2% |
| Total current assets | $586.03M | $500.74M | $509.41M | $320.49M | +17.0% |
| Property, plant & equipment | $4.75B | $5.08B | $3.93B | $2.48B | -6.6% |
| Total assets | $5.41B | $5.60B | $4.48B | $2.88B | -3.5% |
| Total current liabilities | $539.29M | $544.27M | $385.76M | $344.97M | -0.9% |
| Long-term debt | $2.40B | $2.37B | $1.84B | $1.53B | +1.1% |
| Total debt | $2.40B | $2.37B | $1.84B | $1.53B | +1.1% |
| Total liabilities | $3.28B | $3.28B | $2.44B | $2.13B | -0.0% |
| Retained earnings | $481.28M | $442.52M | -$77.79M | -$1.00B | +8.8% |
| Shareholder equity | $2.13B | $2.32B | $2.05B | $745.26M | -8.4% |
| Working capital | $46.74M | -$43.53M | $123.65M | -$24.49M | +207.4% |
| Net tangible assets | $2.13B | $2.32B | $2.05B | $745.26M | -8.4% |
| Shares issued | 97.27M | 99.11M | 100.76M | 85.17M | -1.9% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $38.76M | $520.31M | $922.97M | $773.24M | -92.6% |
| Stock-based compensation | $15.36M | $11.97M | $5.66M | $5.66M | +28.4% |
| Change in working capital | $70.06M | -$53.89M | -$106.13M | -$62.40M | +230.0% |
| Operating cash flow | $1.51B | $1.41B | $1.18B | $928.42M | +6.9% |
| Capital expenditure | -$1.25B | -$1.67B | -$1.86B | -$1.36B | +25.2% |
| Investing cash flow | -$1.25B | -$1.67B | -$1.86B | -$1.40B | +25.2% |
| Dividends paid | -$173.40M | -$161.97M | -$123.94M | -$73.27M | -7.1% |
| Financing cash flow | -$247.46M | $266.83M | $684.69M | $467.37M | -192.7% |
| Free cash flow | $252.83M | -$266.09M | -$679.02M | -$431.36M | +195.0% |
| End cash position | $14.30M | $8.93M | $8.20M | $2.53M | +60.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $675.05M | $544.09M | $450.86M | $485.87M | $577.99M | +24.1% |
| Operating revenue | $670.80M | $539.86M | $447.72M | $482.24M | $574.37M | +24.3% |
| Cost of revenue | $365.67M | $365.19M | $354.92M | $346.36M | $362.79M | +0.1% |
| Gross profit | $309.38M | $178.90M | $95.95M | $139.51M | $215.20M | +72.9% |
| Selling, general & admin | $24.53M | $23.17M | $17.12M | $14.10M | $15.63M | +5.8% |
| Total operating expense | $27.02M | $26.45M | $20.60M | $17.37M | $19.19M | +2.2% |
| Operating income | $282.36M | $152.45M | $75.34M | $122.14M | $196.01M | +85.2% |
| Net interest income | -$41.44M | -$42.59M | -$41.12M | -$42.98M | -$44.39M | +2.7% |
| Pre-tax income | $310.60M | -$695.92M | -$86.06M | -$168.80M | $131.78M | +144.6% |
| Tax provision | $73.97M | -$173.07M | -$15.33M | -$39.73M | $32.19M | +142.7% |
| Net income | $236.63M | -$522.85M | -$70.73M | -$129.07M | $99.58M | +145.3% |
| Net income to common | $236.63M | -$522.85M | -$70.73M | -$129.07M | $99.58M | +145.3% |
| Basic EPS | 2.24 | -5.31 | -0.73 | -1.33 | 1.02 | +142.2% |
| Diluted EPS | 2.19 | -5.31 | -0.73 | -1.33 | 1.00 | +141.2% |
| EBIT | $352.04M | -$653.33M | -$44.94M | -$125.83M | $176.17M | +153.9% |
| EBITDA | $544.92M | -$456.23M | $159.14M | $73.52M | $381.91M | +219.4% |
| Basic shares | 105.87M | 98.50M | 97.12M | 97.12M | 98.06M | +7.5% |
| Diluted shares | 108.09M | 98.50M | 97.12M | 97.12M | 99.39M | +9.7% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $47.60M | $37.04M | $14.30M | $31.65M | $25.86M | +28.5% |
| Cash & short-term investments | $47.60M | $37.04M | $14.30M | $31.65M | $25.86M | +28.5% |
| Accounts receivable | $377.82M | $395.29M | $349.93M | $333.96M | $410.25M | -4.4% |
| Total current assets | $502.10M | $472.90M | $586.03M | $542.48M | $588.36M | +6.2% |
| Property, plant & equipment | $5.29B | $5.02B | $4.75B | $4.94B | $5.09B | +5.4% |
| Total assets | $5.83B | $5.51B | $5.41B | $5.49B | $5.70B | +5.7% |
| Total current liabilities | $630.49M | $899.38M | $539.29M | $495.34M | $488.20M | -29.9% |
| Long-term debt | $2.72B | $2.55B | $2.40B | $2.35B | $2.37B | +6.8% |
| Total debt | $2.72B | $2.55B | $2.40B | $2.35B | $2.37B | +6.8% |
| Total liabilities | $3.83B | $3.73B | $3.28B | $3.25B | $3.29B | +2.7% |
| Retained earnings | $195.06M | -$41.57M | $481.28M | $552.01M | $681.09M | +569.3% |
| Shareholder equity | $2.00B | $1.78B | $2.13B | $2.24B | $2.41B | +11.8% |
| Working capital | -$128.39M | -$426.48M | $46.74M | $47.14M | $100.16M | +69.9% |
| Net tangible assets | $2.00B | $1.78B | $2.13B | $2.24B | $2.41B | +11.8% |
| Shares issued | 106.55M | 105.79M | 97.27M | 97.60M | 97.59M | +0.7% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $236.63M | -$522.85M | -$70.73M | -$129.07M | $99.58M | +145.3% |
| Stock-based compensation | $4.41M | $3.71M | $3.92M | $4.09M | $3.78M | +18.9% |
| Change in working capital | -$32.06M | $26.44M | -$3.93M | $78.86M | -$24.87M | -221.3% |
| Operating cash flow | $321.62M | $323.62M | $312.63M | $423.12M | $362.11M | -0.6% |
| Capital expenditure | -$379.81M | -$634.68M | -$308.07M | -$352.58M | -$327.36M | +40.2% |
| Investing cash flow | -$379.81M | -$634.68M | -$308.07M | -$352.58M | -$327.25M | +40.2% |
| Share buybacks | -$50.05M | $0 | -$7.01M | $0 | -$35.00M | — |
| Dividends paid | -$47.72M | -$44.51M | -$43.70M | -$43.70M | -$44.27M | -7.2% |
| Financing cash flow | $74.23M | $333.81M | -$21.91M | -$64.75M | -$42.58M | -77.8% |
| Free cash flow | -$58.19M | -$311.06M | $4.56M | $70.54M | $34.75M | +81.3% |
| End cash position | $47.60M | $37.04M | $14.30M | $31.65M | $25.86M | +28.5% |
Options analytics
Put / call volume
0.74
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
16.00
-33.1% from spot
ATM implied vol
0.8%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
238
Contracts, this expiry
Put volume
175
Contracts, this expiry
Heaviest call OI
16.00
0 contracts
Heaviest put OI
18.00
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 1.12 | 1.13 | +0.6% |
| Mar 2026 | 0.68 | 0.74 | +9.3% |
| Dec 2025 | 0.77 | 0.83 | +7.6% |
| Sep 2025 | 0.87 | 1.03 | +18.3% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.99 | 7 | $590.07M | +6.0% |
| Next quarter | 1.04 | 7 | $601.40M | -1.4% |
| Current year | 3.95 | 8 | $2.05B | -17.0% |
| Next year | 4.55 | 7 | $2.35B | +14.6% |
Analyst targets & ownership
Mean target$30.44
High target$38.00
Low target$25.00
Implied upside27.33%
Analyst count9
ConsensusBUY
Strong buy / Buy1 / 3
Hold4
Sell / Strong sell1 / 0
Held by insiders2.91%
Held by institutions105.68%
Institutions holding439
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
23.41
+2.11% from price
SMA 20
24.42
-2.09% from price
SMA 50
24.27
-1.49% from price
SMA 100
22.54
+6.07% from price
SMA 200
24.08
-0.71% from price
EMA 12
23.83
+0.32% from price
EMA 26
24.20
-1.18% from price
EMA 50
23.99
-0.34% from price
RSI (14)
47.4
Neutral
MACD (12,26,9)
-0.36
Hist -0.07
ATR (14)
0.79
3.32% of price
Realised vol 30D
34.8%
Annualised
Bollinger upper
27.16
20, 2σ
Bollinger lower
21.68
20, 2σ
50 / 200 cross
Golden
24.27 vs 24.08
Trend bias
Below 200
-0.71%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
-0.33
Less volatile than market
Correlation to SPY
-0.09
Largely independent
Realised vol 30D
34.8%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-43.6%
Peak to trough
Max drawdown 5Y
-60.1%
Peak to trough
ATR 14
0.79
3.32% of price
Beta (reported)
0.92
5Y monthly, from filing
Short interest
Shares short
21.88M
Prior 20.38M
Change vs prior
+7.4%
Shorts adding
% of float
24.41%
Heavily shorted
% of shares out
20.54%
Against total outstanding
Days to cover
10.7
Crowded exit
Float
103.04M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 10, 26 | Raymond James | MAINTAINED | Outperform | Outperform |
| Jul 20, 26 | Citigroup | MAINTAINED | Buy | Buy |
| Jul 14, 26 | Mizuho | MAINTAINED | Neutral | Neutral |
| Jun 29, 26 | Morgan Stanley | MAINTAINED | Underweight | Underweight |
| Jun 15, 26 | Raymond James | MAINTAINED | Outperform | Outperform |
| May 22, 26 | Morgan Stanley | MAINTAINED | Underweight | Underweight |
| May 21, 26 | Raymond James | DOWNGRADE | Strong Buy | Outperform |
| May 20, 26 | Johnson Rice | DOWNGRADE | Accumulate | Hold |
| Apr 14, 26 | Citigroup | MAINTAINED | Buy | Buy |
| Mar 31, 26 | Citigroup | MAINTAINED | Buy | Buy |
| Mar 24, 26 | B of A Securities | MAINTAINED | Buy | Buy |
| Mar 12, 26 | Piper Sandler | MAINTAINED | Neutral | Neutral |
Dividends & splits
Forward rate$1.80 / yr
Forward yield7.53%
5-year avg yield2.07%
Payout ratio461.54%
Ex-dividend dateSep 29, 2026
Next pay dateOct 30, 2026
Last split1:10
Split dateSep 21, 2020
SEC filings
Specialized Disclosure Report filed pursuant to Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act relating to the use of conflict minerals (Rule 13p-1)
SD · 2026-09-18
Corporate Changes & Voting Matters
8-K · 2026-08-26
Corporate Changes & Voting Matters
8-K · 2026-08-19
Periodic Financial Reports
10-Q · 2026-08-07
Corporate Changes & Voting Matters
8-K · 2026-08-06
Corporate Changes & Voting Matters
8-K · 2026-07-13
Corporate Changes & Voting Matters
8-K · 2026-06-02
Offering Registrations
S-3ASR · 2026-06-01
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.