NOG
Northern Oil and Gas, Inc.
NYSEUSDEQUITY
Energy
DELAYED
Last price
27.29
▲ 0.38 (1.41%)
MARKET · —
Price
Open
26.90
Prev close
26.91
Day high
27.35
Day low
26.87
Volume
3.56M
Market cap
$2.91B
P/E (TTM)
—
52W range
17.18 – 31.17
Trailing performance
Returnvs SPY
1W
+11.59%
+13.0%
1M
+25.41%
+21.7%
3M
+15.75%
+12.7%
6M
-2.88%
-13.9%
YTD
+27.34%
+15.1%
1Y
+17.64%
-2.4%
3Y
-31.67%
-105.8%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$2.91B
Enterprise value$5.58B
Revenue (TTM)$2.01B
Gross profit$1.52B
EBITDA$1.20B
Net income$-486.02M
EPS (TTM)$-4.83
Free cash flow$-459.63M
Total cash$47.60M
Total debt$2.72B
Book value / share$18.81
Shares outstanding106.55M
Float103.04M
Short % of float22.85%
Dividend yield6.58%
Beta (5Y)0.73
Valuation & profitability ratios
Trailing P/E—
Forward P/E6.23
PEG ratio7.01
Price / sales—
Price / book1.45
EV / revenue2.77
EV / EBITDA4.64
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 |
|---|---|---|---|---|
| Total revenue | $2.48B | $2.15B | $1.90B | $1.99B |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | $38.76M | $520.31M | $922.97M | $727.70M |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | $38.76M | $520.31M | $922.97M | $727.70M |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
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 | 0.98 | 7 | $598.44M | +7.5% |
| Next quarter | 1.02 | 7 | $605.48M | -0.8% |
| Current year | 4.10 | 8 | $2.02B | -18.6% |
| Next year | 4.31 | 7 | $2.37B | +17.6% |
Analyst targets & ownership
Mean target$30.33
High target$35.00
Low target$25.00
Implied upside11.15%
Analyst count9
ConsensusBUY
Strong buy / Buy1 / 3
Hold4
Sell / Strong sell1 / 0
Held by insiders2.89%
Held by institutions105.16%
Institutions holding443
Price targets, consensus spread, insider and institutional ownership.
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
3.07M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jun 30, 26 | POMERANTZ JENNIFER S. Director |
STOCK | 3.79K | $0 | Direct |
| Jun 30, 26 | KIMBLE WILLIAM F Director |
STOCK | 2.41K | $0 | Direct |
| Jun 30, 26 | FRANTZ MICHAEL A Director |
STOCK | 2.41K | $0 | Direct |
| Jun 30, 26 | LASHER STUART G. Director |
STOCK | 2.41K | $0 | Direct |
| Jun 30, 26 | MEIER LISA G Director |
STOCK | 2.41K | $0 | Direct |
| Jun 30, 26 | AKRADI BAHRAM Director |
STOCK | 6.34K | $0 | Direct |
| Jun 22, 26 | AKRADI BAHRAM Director |
BUY | 25.76K | $499.74K | Direct |
| Mar 31, 26 | POMERANTZ JENNIFER S. Director |
STOCK | 2.35K | $0 | Direct |
| Mar 31, 26 | EASLEY ROY ERNEST Director |
STOCK | 1.50K | $0 | Direct |
| Mar 31, 26 | KIMBLE WILLIAM F Director |
STOCK | 1.50K | $0 | Direct |
| Mar 31, 26 | FRANTZ MICHAEL A Director |
STOCK | 1.50K | $0 | Direct |
| Mar 31, 26 | LASHER STUART G. Director |
STOCK | 1.50K | $0 | Direct |
| Mar 31, 26 | MEIER LISA G Director |
STOCK | 1.50K | $0 | Direct |
| Mar 31, 26 | AKRADI BAHRAM Director |
STOCK | 3.93K | $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 | 67.14K | Stock Award(Grant) |
KING JACK E |
Director | 66.77K | Stock Award(Grant) |
LASHER STUART G. |
Director | 368.43K | Stock Award(Grant) |
O'GRADY NICHOLAS L |
Chief Executive Officer | 261.07K | Stock Award(Grant) |
ROMSLO ERIK J |
Officer | 101.76K | Stock Award(Grant) |
Moving averages & technicals
SMA 10
25.20
+8.29% from price
SMA 20
22.90
+19.41% from price
SMA 50
20.98
+30.29% from price
SMA 100
22.95
+18.89% from price
SMA 200
23.69
+15.42% from price
EMA 12
24.80
+10.04% from price
EMA 26
23.19
+17.69% from price
EMA 50
22.44
+21.62% from price
RSI (14)
77.6
Overbought
MACD (12,26,9)
1.61
Hist 0.48
ATR (14)
0.94
3.44% of price
Realised vol 30D
52.1%
Annualised
Bollinger upper
27.87
20, 2σ
Bollinger lower
17.92
20, 2σ
50 / 200 cross
Death
20.98 vs 23.69
Trend bias
Above 200
+15.42%
Risk profile
Beta vs SPY
-0.28
Less volatile than market
Correlation to SPY
-0.08
Largely independent
Realised vol 30D
52.1%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-43.6%
Peak to trough
Max drawdown 5Y
-60.1%
Peak to trough
ATR 14
0.94
3.44% of price
Beta (reported)
0.73
5Y monthly, from filing
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.
Options analytics
Put / call volume
0.13
Call-heavy session
Put / call open interest
0.46
Positioning, not flow
Max pain
20.00
-26.8% from spot
ATM implied vol
45.8%
Nearest strike to spot
Skew (10% OTM)
+5.3%
Puts bid over calls
Call volume
1.34K
Contracts, this expiry
Put volume
174
Contracts, this expiry
Heaviest call OI
23.00
2.81K contracts
Heaviest put OI
19.00
1.25K 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.
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.
Headlines
Callan JMB’s Callan Power to Acquire Reger Oil Assets in The Williston Basin; Northern Oil and Gas Former CEO and Founder Michael Reger Named President of Callan Power and Board Member
GlobeNewswire · 2d ago
Northern Oil and Gas Prices $500 Million Senior Notes Offering
MT Newswires · 3d ago
NOG Announces Pricing of $500 Million Private Offering of Senior Notes
Business Wire · 3d ago
Is NOG a Buy Now as Low Valuation Meets Commodity and Leverage Risks?
Zacks · 3d ago
Northern Oil and Gas Plans $500 Million Senior Notes Offering
MT Newswires · 3d ago
NOG Announces Proposed $500 Million Private Offering of Senior Notes
Business Wire · 3d ago
Matador Resources, Oceaneering, Northern Oil and Gas, and Talos Energy Shares Skyrocket, What You Need To Know
StockStory · 5d ago
Northern Oil and Gas Q2 Earnings Beat Estimates, Decline Y/Y
Zacks · 5d ago
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.