Northern Oil and Gas, Inc. Common Stock (NOG)
Basic Materials › Crude Petroleum & Natural Gas
Price History
Feb 9, 2026 — May 24, 2026Investment Snapshot
- Trading 48% below Graham Number ($45.41) — significant margin of safety
- Piotroski F-Score 2/9 — signs of financial weakness
- Loss-making — negative ROE of -23.2%
- Revenue growing at 11% annually
Northern Oil and Gas, Inc. Common Stock (NOG) is a Basic Materials company operating in Crude Petroleum & Natural Gas, listed on the NYSE , with a market capitalisation of $2.5 billion . Key value metrics: P/E ratio 5.7, P/B ratio 1.41, Piotroski F-Score 2 out of 9 .
Value Score
Key Metrics
Current vs 5-Year Average
Based on 5 years of SEC filingsRevenue & Net Income
Financial Statements
| Metric | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue | $X.XB | $X.XB | $X.XB |
| Gross Profit | $X.XB | $X.XB | $X.XB |
| Operating Income | $X.XB | $X.XB | $X.XB |
| Net Income | $X.XB | $X.XB | $X.XB |
| EBITDA | $X.XB | $X.XB | $X.XB |
| Total Assets | $X.XB | $X.XB | $X.XB |
| Total Liabilities | $X.XB | $X.XB | $X.XB |
Northern Oil and Gas, Inc. Common Stock — Fundamental Analysis Summary
Northern Oil and Gas, Inc. Common Stock (NOG) is trading 48% below its Graham Number of $45.41 — a significant margin of safety by Benjamin Graham's standard. The stock carries a low trailing P/E ratio of 5.7x.
On financial health, NOG shows a weak Piotroski F-Score of 2/9, a signal of deteriorating financial health, and negative return on equity of -23.2% (sector average: -1.2%), and elevated leverage with a debt-to-equity ratio of 1.43.
StockPik's composite Value Score for NOG is 52/100 — an above-average value rating. The score is built from ten fundamental signals: P/E, P/B, PEG ratio, P/S ratio, return on equity, gross margin, debt-to-equity, current ratio, dividend yield, and Piotroski F-Score.
NOG reports a high gross margin of 74.2% (sector average: 33.0%) and a negative operating margin of -20.1%.
NOG shows revenue growing at 11% year-over-year, with earnings declining at 93%.
NOG pays a high dividend yield of 7.6%.