Northern Oil & Gas Inc is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and natural gas properties. Its principal business is crude oil and natural gas exploration, development, and production. The company's oil and natural gas sales come from three geographic areas in the United States: the Williston Basin (North Dakota and Montana), the Permian Basin (New Mexico and Texas), the Uinta Basin, and the Appalachian Basin (Pennsylvania and Ohio).
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The chart shows the growth of an initial investment of $10,000 in Northern Oil and Gas, Inc., comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Northern Oil and Gas, Inc. (NOG) has returned 31.58% so far this year and 26.01% over the past 12 months. Looking at the last ten years, NOG has achieved an annualized return of -3.01%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
The table below presents the monthly returns of Northern Oil and Gas, Inc. (NOG) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 16.28% | 14.96% | 0.76% | -0.63% | ||||||||
| 2025 | -4.72% | -12.33% | -4.76% | -18.57% | 8.62% | 3.32% | -0.95% | -8.95% | -5.20% | -9.60% | 2.52% | -3.64% |
| 2024 | -10.52% | 5.71% | 9.86% | 2.28% | -0.15% | -9.03% | 14.41% | -7.96% | -8.69% | 3.54% | 18.47% | -14.87% |
| 2023 | 10.99% | -6.87% | -2.57% | 2.95% | -8.45% | 14.40% | 14.41% | 7.62% | -5.12% | -4.82% | -2.78% | -0.48% |
| 2022 | 14.40% | 4.89% | 9.82% | -11.95% | 34.47% | -23.45% | 12.75% | 13.04% | -11.38% | 17.36% | 3.88% | -16.73% |
| 2021 | 14.35% | 28.68% | -11.76% | 17.72% | 24.13% | 9.78% | -19.45% | -3.88% | 27.61% | 8.43% | -13.64% | -2.05% |
| 2020 | -28.45% | -12.12% | -56.09% | 24.96% | -6.11% | 4.86% | -10.94% | -15.35% | -14.96% | -34.63% | 69.38% | 36.45% |
| 2019 | 14.48% | -6.69% | 13.22% | -3.64% | -24.91% | -3.02% | -19.00% | 15.00% | 8.29% | -9.18% | 28.57% | |
| 2018 | -7.44% | -1.43% | -2.94% | -16.50% | 59.41% | 14.96% | 15.17% | -7.01% | 14.94% | -27.05% | -14.77% | -16.30% |
| 2017 | 26.32% | -16.67% | -14.75% | -15.09% | -26.67% | -17.65% | -10.71% | -29.17% | 5.88% | -12.09% | 102.38% | 9.63% |
| 2016 | 39.29% | -21.72% | 8.20% | -13.54% | -16.92% | -16.51% | -22.22% | 4.65% | 12.24% |
The charts below present risk-adjusted performance metrics for Northern Oil and Gas, Inc. (NOG) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of NOG compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
The current Northern Oil and Gas, Inc. volatility is 2.38%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 5.41B | 5.60B | 4.48B | 2.88B | 1.52B | 872.09M | 1.91B | 1.50B | 632.25M | 431.53M | 733.95M | 2.03B | 1.52B | 1.19B |
| Equity Attributable To Parent (USD) | 2.13B | 2.32B | 2.05B | 745.26M | 215.14M | -223.30M | 558.64M | 429.86M | -490.84M | -487.42M | -197.60M | 770.86M | 619.83M | 586.19M |
| Equity Attributable To Noncontrolling Interest (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity (USD) | 2.13B | 2.32B | 2.05B | 745.26M | 215.14M | -223.30M | 558.64M | 429.86M | -490.84M | -487.42M | -197.60M | 770.86M | 619.83M | 586.19M |
| Other Non-current Liabilities (USD) | 348.35M | 369.82M | 215.26M | 259.53M | 176.74M | - | 25.18M | 12.05M | 20.19M | 8.91M | 5.63M | - | - | - |
| Long-term Debt (USD) | 2.40B | 2.37B | 1.84B | 1.53B | 803.44M | 944.84M | 1.12B | 830.20M | 979.32M | 832.60M | 847.80M | - | - | - |
| Noncurrent Liabilities (USD) | 2.74B | 2.74B | 2.05B | 1.78B | 980.17M | 912.92M | 1.14B | 842.25M | 999.52M | 841.51M | 853.43M | 970.15M | 705.68M | 504.29M |
| Other Current Liabilities (USD) | 320.67M | 341.40M | 193.09M | 216.39M | 262.09M | 146.67M | 134.08M | 96.04M | 30.42M | 21.30M | 12.80M | 54.18M | 25.15M | 4.63M |
| Accounts Payable (USD) | 218.62M | 202.87M | 192.67M | 128.58M | 65.46M | 35.80M | 69.40M | 135.48M | 93.15M | 56.15M | 65.32M | 231.56M | 168.94M | 95.82M |
| Current Liabilities (USD) | 539.29M | 544.27M | 385.76M | 344.97M | 327.56M | 182.48M | 203.48M | 231.53M | 123.58M | 77.44M | 78.12M | 285.73M | 194.09M | 100.46M |
| Liabilities (USD) | 3.28B | 3.28B | 2.44B | 2.13B | 1.31B | 1.10B | 1.35B | 1.07B | 1.12B | 918.95M | 931.55M | 1.26B | 899.77M | 604.75M |
| Other Non-current Assets (USD) | 76.98M | 20.91M | 43.29M | 71.77M | 54.20M | 11.26M | 23.84M | 72.49M | 6.28M | 8.43M | 15.81M | 38.83M | 17.91M | 13.48M |
| Fixed Assets (USD) | 4.75B | 5.08B | 3.93B | 2.48B | 1.25B | 735.20M | 1.75B | 1.20B | 473.22M | 376.21M | 589.32M | 1.76B | 1.40B | 1.08B |
| Noncurrent Assets (USD) | 4.82B | 5.10B | 3.97B | 2.55B | 1.31B | 746.46M | 1.77B | 1.28B | 479.50M | 384.64M | 605.13M | 1.80B | 1.42B | 1.10B |
| Other Current Assets (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - | 93.62M |
| Prepaid Expenses (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - | 592.00K |
| Current Assets (USD) | 586.03M | 500.74M | 509.41M | 320.49M | 215.33M | 125.63M | 133.04M | 228.41M | 152.76M | 46.89M | 128.81M | 225.99M | 104.39M | 94.21M |
| Assets (USD) | 5.41B | 5.60B | 4.48B | 2.88B | 1.52B | 872.09M | 1.91B | 1.50B | 632.25M | 431.53M | 733.95M | 2.03B | 1.52B | 1.19B |
Amid escalating Middle East geopolitical tensions and disruptions to oil supply, crude prices have spiked dramatically with WTI near $95 and Brent approaching $100. The article highlights three undervalued mid-cap energy stocks positioned to benefit from higher oil prices: Talos Energy (TALO), Patterson-UTI Energy (PTEN), and Northern Oil & Gas (NOG), each offering significant upside potential based on fair value models and analyst ratings.
The article identifies the top 10 most heavily shorted stocks as of December 29, 2025, led by Lucid Group with 54.51% short interest, followed by Choice Hotels and Avis Budget Group. Short sellers believe these companies are overvalued, while bullish traders view high short interest as potential short squeeze opportunities. The list includes stocks with market caps above $2 billion and free floats above 5 million shares.
Analysts highlight three mid-cap energy companies with potential for significant growth amid geopolitical conflicts, renewable energy advances, and strategic operational approaches in the energy sector.
Northern Oil and Gas expects strong production growth in 2025 despite Q4 2024 setbacks, with plans to increase capital spending and well activity to drive future growth.
The article discusses potential changes to Social Security during Donald Trump's second presidential term, including eliminating federal taxes on Social Security benefits, increasing oil and gas drilling to fund the program, and the impact of Trump's proposed policies on Social Security's finances.
Vital Energy, Inc. (VTLE) announced the acquisition of Point Energy Partners' assets in the Delaware Basin for $1.1 billion, in partnership with Northern Oil and Gas, Inc. (NOG). The transaction is expected to be immediately accretive and expand Vital Energy's operational scale and footprint in the Delaware Basin.
During the last three months, 10 analysts shared their evaluations of Northern Oil & Gas (NYSE:NOG), revealing diverse outlooks from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 6 0 4 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 3 0 3 0 0 3M Ago 2 0 1 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $47.9, a high estimate of $56.00, and a low estimate of $38.00. Marking an increase of 2.15%, the current average surpasses the previous average price target of $46.89. Breaking Down Analyst Ratings: A Detailed Examination In examining recent analyst actions, we gain insights into how financial experts perceive Northern Oil & Gas. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Noah Hungness B of A Securities Announces Buy $48.00 - Mark Lear Piper Sandler Raises Neutral $43.00 $42.00 Paul Diamond Citigroup Lowers Buy $50.00 $55.00 Neal Dingmann Truist Securities Raises Buy $56.00 $55.00 Derrick Whitfield Stifel Raises Buy $55.00 $54.00 Mark Lear Piper Sandler Raises Neutral $42.00 $38.00 Devin McDermott Morgan Stanley Raises Equal-Weight $41.00 $38.00 Neal Dingmann Truist Securities Lowers Buy $55.00 $56.00 Devin McDermott Morgan Stanley Lowers Equal-Weight $38.00 $39.00 Lloyd Byrne Jefferies Raises Buy $51.00 $45.00 Key Insights: Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their ...Full story available on Benzinga.com
Northern (NOG) expects to spend in the range of $240-$260 million in the second quarter. The total budget for 2024 is projected to be between $825 million and $900 million.
Northern Oil and Gas (NOG) delivered earnings and revenue surprises of 11.30% and 5.08%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Amplify Energy (AMPY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.