Northern Oil and Gas stock
NOGNYSENorthern Oil and Gas, Inc., EnergyISIN US6655313079
46Score 46 out of 100, Weak
Price and trend
54 / 100
Price history
+12% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 0.7% above it.
Since September 2026 the 50-day line has been above the 200-day line; the trend has turned up.
Normal: the price is neither overheated nor sold off (RSI 33).
The price is 20% below its 52-week high. Largest decline in 20 years: 99% (March 2011 to November 2020).
Chart figures for advanced users
- SMA 50$25.27
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$24.57
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)33
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$17.37
- The lowest closing price of the last twelve months.
- Resistance$30.82
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Northern Oil and Gas, Inc. belongs to the Oil & Gas Exploration & Production industry (United States) and, with a market value of $2.62B, is number 40 of 69 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $2.1B (down 3.2% year on year) and earnings of $38.76M (down 92.6%).
- For fiscal 2026, analysts expect on average revenue of $2.42B (up 15.7%) and adjusted earnings per share of $4.33 (down 4.9%).
Show more
- MEQIRI Score 46 out of 100 (Weak): rank 212 of 266 in Energy, median 60.
- Our model puts fair value at $49.20, with the price 50% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- High dividend yieldDividend yield 7.28%, Oil & Gas Exploration & Production median 3.63%.
Weaknesses
- DilutionShare count up 129% since 2020.Capital allocation 33
- Loss-makingLoss of $468.76M over the last 12 months.Fundamentals 39
- Interest barely coveredOperating profit covers interest only 1.4 times.Stability 28
Its standout strength is valuation, while profitability and stability hold the score back.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
Fundamental quality fluctuates.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk high
How well MEQIRI warnsOne of the 30% with the highest crash risk among smaller stocks.
From 2016 to 2025, 36 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- weak fundamentals
- high price swings
- cyclical sector (energy or materials), as a group, crashed more often in the backtest
Valuation
Valuation signal
Possible value trapIn our model the price counts as cheap below $35.14 and expensive above $82.00 (uncertainty high, based on the price swings of the past year).
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $39.85, at 7.8% it would be $63.26.
Possible value trap: looks cheap, but score below 50, high risk.
Valuation metrics
From the cash-flow model alone; without earnings there is no industry value.
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue fell 4.9% on the twelve months before. Revenue has grown strongly since 2021, at around 21% per year. From 2021 revenue is reported differently (for example gross instead of net), so earlier years are not comparable and not shown.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 32%, operating 29%, net 2%. Last 12 months: net −22%. From 2021 revenue is reported differently (for example gross instead of net), so earlier years are not comparable and not shown.
Debt & balance sheet
latest quarterDebt is elevated. Keep an eye on the interest burden and refinancing.
Earnings
- Next earnings
- 24 Feb 2027in 103 days
- Last reported
- 5 Nov 2026EPS reported $1.32 (expected $1.09)above expectations
Analyst estimates
Analysts have raised their 2026 earnings estimate by 6.8% since 15 Oct 2026.
- Earnings per share
- $4.33+6.8%
- Revenue
- $2.42B+1.7%
- Earnings per share
- $4.49+5.0%
- Revenue
- $2.49B+4.2%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: +15.8%Capital spend and production guidance reiterated, with the operating cost guidance reduced a little; drilling activity outperformed internal expectations.
“Looking ahead, we are seeing multiple positive catalysts as drilling activity materially outperformed internal expectations and the D&C list built to almost 52 net wells as operators modestly pull forward activity in the Permian and Williston.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 7 Aug 2026 (fiscal Q2 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
One insider bought on the open market in the last 6 months, $499,741 in total.
- Akradi BahramPurchase
22 Jun 2026, Board
- Shares
- 25,760
- Price
- $19.40
- Value
- $499,741
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Northern Oil and Gas
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
266 rated companies in Energy
- This company
- 46
- Sector median
- 60
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Oil & Gas Exploration & Production
The next larger and next smaller companies by market value
- Baytex EnergyBTE $3.03B49
- Black Stone MineralsBSM $2.99B75
- Gulfport EnergyGPOR $2.84B64
- Talos EnergyTALO $2.65B48
- DNODNO.OL $2.14B74
- BKVBKV $2.08B44
- NextdecadeNEXT $1.75B28
- Vermilion EnergyVET $1.65B47
ETFs that hold Northern Oil and Gas
Held by 12 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc)IS0D | 0.34% | 0.55% | €382.18M |
| Avantis Global Small Cap Value UCITS ETFAVWS | 0.25% | 0.39% | €1.49B |
| iShares S&P SmallCap 600 UCITS ETFIUS3 | 0.14% | 0.30% | €2.31B |
Show 5 more
| State Street SPDR MSCI USA Small Cap Value Weighted UCITS ETFZPRV | 0.11% | 0.30% | €964.08M |
| L&G Russell 2000 US Small Cap Quality UCITS ETFETLZ | 0.09% | 0.30% | €185.82M |
| Xtrackers Russell 2000 UCITS ETF 1CXRS2 | 0.08% | 0.30% | €2.22B |
| State Street SPDR Russell 2000 U.S. Small Cap UCITS ETF (Acc)ZPRR | 0.08% | 0.30% | €4.28B |
| State Street SPDR MSCI World Small Cap UCITS ETF (Acc)ZPRS | 0.02% | 0.45% | €1.54B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 4 Nov 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.