Northern Oil and Gas Inc (NOG)

NYSE · Energy · Oil & Gas E&P · USA

Northern Oil and Gas Inc is a mid cap company (market value between $2 billion and $10 billion) in the Oil & Gas E&P industry.

Northern Oil and Gas participates as a non-operator in oil and gas properties across the Williston Basin, Permian Basin, Appalachian Basin and Uinta Basin. The company holds minority interests alongside multiple experienced operating partners, enabling diversified exposure across thousands of producing wells. It sells production to various purchasers at prevailing market prices.

From its FY2025 annual report (Form 10-K)

Intrinsic value, DCF valuation, financial health and value investing analysis for the Northern Oil and Gas Inc stock.

Our verdict on NOG

Not valued: Our methods do not produce a value for this company.

We do not publish a value for this company: its projected cash flows are negative in every year, including the terminal one.

Leak Score: 57/100 on 9 of 12 signals (Weak Signal).

ETFs with the most weight in NOG

17 more funds hold it; the full list is part of the paid plan.

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Peers in Oil & Gas E&P

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Cheaper than NOG in Oil & Gas E&P

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Is NOG undervalued or overvalued?

We do not publish a verdict on NOG yet. Every method we apply here projects this company’s cash flows, and today they are negative in every year we project, including the terminal one. A discounted cash flow of negative cash flows is a negative number, not a valuation. We would rather say the methods do not apply than show that number.

What is the intrinsic value of NOG?

We do not publish one (as of the 2026-10-30 close). Every method we apply here projects this company’s cash flows, and today they are negative in every year we project, including the terminal one. A discounted cash flow of negative cash flows is a negative number, not a valuation. We would rather say the methods do not apply than show that number.

What is Northern Oil and Gas Inc's Leak Score?

57 out of 100, which we rate "Weak Signal", on 9 of 12 value investing signals.