Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
- Analyst Ratings
Upturn AI SWOT - About
NOG 
Northern Oil & Gas Inc (NOG)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
02/27/2025: NOG (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit -35.22% | Avg. Invested days 29 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 02/27/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.96B USD | Price to earnings Ratio 5.81 | 1Y Target Price 42.29 |
Price to earnings Ratio 5.81 | 1Y Target Price 42.29 | ||
Volume (30-day avg) 1540223 | Beta 1.85 | 52 Weeks Range 26.21 - 43.15 | Updated Date 04/1/2025 |
52 Weeks Range 26.21 - 43.15 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 5.95% | Basic EPS (TTM) 5.14 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 25.93% | Operating Margin (TTM) 26.28% |
Management Effectiveness
Return on Assets (TTM) 10.44% | Return on Equity (TTM) 23.82% |
Valuation
Trailing PE 5.81 | Forward PE 7.15 | Enterprise Value 5356566488 | Price to Sales(TTM) 1.48 |
Enterprise Value 5356566488 | Price to Sales(TTM) 1.48 | ||
Enterprise Value to Revenue 2.48 | Enterprise Value to EBITDA 3.39 | Shares Outstanding 99113600 | Shares Floating 94787812 |
Shares Outstanding 99113600 | Shares Floating 94787812 | ||
Percent Insiders 7.44 | Percent Institutions 114.71 |
Analyst Ratings
Rating 4.33 | Target Price 49.38 | Buy 2 | Strong Buy 7 |
Buy 2 | Strong Buy 7 | ||
Hold 3 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Northern Oil & Gas Inc
Company Overview
History and Background
Northern Oil & Gas, Inc. was founded in 2007. It focuses on acquiring and developing non-operated minority working and mineral interests in the Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana. It has expanded through acquisitions and organic development.
Core Business Areas
- Non-Operated Working Interests: Acquiring and developing non-operated working interests in oil and gas properties, primarily in the Williston Basin.
- Mineral Interests: Acquiring and developing mineral interests in oil and gas properties
Leadership and Structure
Andrew J. Dittmar serves as the Chief Executive Officer. The company has a board of directors and an executive management team overseeing operations and strategy.
Top Products and Market Share
Key Offerings
- Crude Oil: Northern Oil & Gas generates revenue primarily from crude oil production from its working and mineral interests. Market share data is fragmented due to the large number of participants in the Williston Basin. Competitors include large and small oil and gas producers operating in the same region.
- Natural Gas: While crude oil is the primary revenue driver, Northern Oil & Gas also derives revenue from natural gas production. Market share data is fragmented. Competitors include large and small oil and gas producers operating in the same region.
Market Dynamics
Industry Overview
The oil and gas industry is characterized by commodity price volatility, geopolitical factors, and regulatory changes. The Williston Basin is a key shale oil producing region.
Positioning
Northern Oil & Gas is positioned as a non-operating interest owner, allowing it to participate in production without the direct operational responsibilities. Competitive advantages include its strategic focus on the Williston Basin and its ability to acquire interests in productive properties.
Total Addressable Market (TAM)
The TAM for oil and gas production in the Williston Basin is substantial, dependent on commodity prices and production rates. Northern Oil & Gas captures a percentage of this TAM through its working and mineral interests, with room to grow with the right acquisitions.
Upturn SWOT Analysis
Strengths
- Strategic focus on the Williston Basin
- Non-operating business model reduces operational risk
- Proven ability to acquire productive assets
- Experienced management team
Weaknesses
- Exposure to commodity price volatility
- Dependence on operators for production
- Reliance on acquisitions for growth
- Debt Levels
Opportunities
- Further consolidation in the Williston Basin
- Technological advancements in oil and gas extraction
- Increased demand for oil and gas
- Strategic acquisitions of undevalued properties
Threats
- Declining commodity prices
- Increased regulatory scrutiny
- Environmental concerns
- Competition from other oil and gas producers
Competitors and Market Share
Key Competitors
- HES
- OXY
- CLR
Competitive Landscape
Northern Oil & Gas's competitive advantages stem from its non-operated model and focused strategy, but it faces challenges from larger, integrated oil companies with greater financial resources and operational control.
Major Acquisitions
Veritas Energy
- Year: 2022
- Acquisition Price (USD millions): 406.5
- Strategic Rationale: Increased working interest ownership in the Permian Basin; Provides significant upside through further development. Further expands NOGs already robust production
Earthstone Energy, Inc
- Year: 2023
- Acquisition Price (USD millions): 2.2
- Strategic Rationale: NOG Expands Production and Development Opportunities in Permian Basin; Significantly Increases Free Cash Flow.
Growth Trajectory and Initiatives
Historical Growth: Discuss Northern Oil & Gas Inc's growth trends over the past years.
Future Projections: Provide projections for Northern Oil & Gas Inc's future growth based on analyst estimates.
Recent Initiatives: Highlight recent strategic initiatives undertaken by Northern Oil & Gas Inc.
Summary
Northern Oil & Gas operates with a non-operating model focused in the Williston and Permian Basins. It is susceptible to swings in commodity pricing and depends on operator success. Strategic acquisitions have enabled growth, but also increased the company's debt. Future success depends on managing debt, commodity prices, and acquisition of strategic assets. They need to look out for economic downturns which affect the need for oil.
Similar Companies
HES
Hess Corporation
HES
Hess Corporation
OXY
Occidental Petroleum Corporation
OXY
Occidental Petroleum Corporation
Sources and Disclaimers
Data Sources:
- Company filings (10-K, 10-Q)
- Investor presentations
- Press releases
- Third-party financial data providers
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Financial data and market share estimates are subject to change. Investing in oil and gas companies involves significant risks.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Northern Oil & Gas Inc
Exchange NYSE | Headquaters Minnetonka, MN, United States | ||
IPO Launch date 2007-04-13 | CEO & Director Mr. Nicholas L. O'Grady | ||
Sector Energy | Industry Oil & Gas E&P | Full time employees 49 | Website https://www.noginc.com |
Full time employees 49 | Website https://www.noginc.com | ||
Northern Oil and Gas, Inc., an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. The company was founded in 2006 and is headquartered in Minnetonka, Minnesota.
Upturn is now on iOS and Android!
Experience Upturn on your mobile. Install it now!
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.