US · NOG
Northern Oil and Gas, Inc.
- Sector
- Energy · Oil & Gas Exploration & Production
- Headquarters
- Minnetonka, MN 55343
- Website
- northernoil.com
Price · as of 2025-12-31
$26.52
Market cap 2.69B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $66.28 | +149.92% |
| Intrinsic Value(DCF) | $25.07 | -5.47% |
| Graham-Dodd Method(GD) | — | — |
| Graham Formula(GF) | $2.01 | -92.42% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | $192.29 | $346.83 | $0.00 | $113.23 | $1,110.85 |
| 2012 | $124.07 | $172.60 | $0.01 | $151.64 | $1,043.38 |
| 2013 | $113.94 | $126.59 | $75.20 | $141.94 | $267.80 |
| 2014 | $58.41 | $182.43 | $24.49 | $261.92 | $652.93 |
| 2015 | $32.95 | $16.63 | $0.00 | $0.00 | $6,845.21 |
| 2016 | $21.42 | $71.38 | $0.00 | $0.00 | $583.14 |
| 2017 | $17.38 | $102.72 | $0.00 | $0.00 | $0.00 |
| 2018 | $17.30 | $93.55 | $15.78 | $48.61 | $751.18 |
| 2019 | $10.71 | $42.43 | $2.59 | $4.57 | $0.00 |
| 2020 | $11.62 | $7.57 | $0.00 | $0.00 | $760.31 |
| 2021 | $20.74 | $64.80 | $4,859.49 | $0.00 | $20.22 |
| 2022 | $26.09 | $198.83 | $2,221.68 | $44.71 | $1,055.43 |
| 2023 | $32.49 | $70.46 | $0.00 | $52.51 | $43.43 |
| 2024 | $25.70 | $55.42 | $0.25 | $24.96 | $109.15 |
| 2025 | $27.93 | $66.28 | $24.04 | $0.00 | $2.01 |
AI valuation
Our deep-learning model estimates Northern Oil and Gas, Inc.'s (NOG) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $66.28
- Current price
- $26.52
- AI upside
- +149.92%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$25.07
-5.47% upside
Graham-Dodd
—
— upside
Graham Formula
$2.01
-92.42% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| NOG | Northern Oil and Gas, Inc… | $26.52 | 2.69B | +150% | -5% | — | -92% | 70.41 | 1.28 | 1.30 | 2.59 | — | 1.28 | 32.23% | 29.30% | 1.85% | 1.74% | 11.17% | 0.70% | 0.00 | 3.56 | 1.09 | 0.68 | -0.01 | -9241.00% | -318.00% | -63156.00% | 55.16% | 2.79 | 44.32% | 6.35% | 447.40% | 95.46% | 4.42 | 1.80 | 1.30 | 1.40 |
| BKV | BKV Corporation | $31.33 | 3.2B | +2% | +39% | 0% | +226% | 16.63 | 1.41 | 3.21 | 7.69 | — | 1.43 | 31.68% | 17.79% | 19.33% | 9.62% | 6.57% | 6.46% | 0.24 | 3.72 | 1.78 | 1.43 | 0.70 | -19653.00% | 4816.00% | -42606.00% | -2.00% | 1.11 | -2.85% | 0.00% | 0.00% | 0.00% | 19.87 | -55.11 | 3.54 | 2.27 |
| BTE | Baytex Energy Corp. | $3.84 | 2.95B | +309% | +291% | -1% | +72% | 9.50 | 0.54 | 0.53 | 2.30 | — | 0.54 | 24.35% | 18.30% | 5.62% | 5.92% | 7.72% | 3.11% | 0.55 | 3.74 | 0.78 | 0.70 | 1.15 | -19091.00% | 2443.00% | 14783.00% | 26.43% | 3.33 | 9.39% | 3.20% | 30.40% | 18.41% | 5.86 | 7.60 | 1.07 | 0.61 |
| CIVI | Civitas Resources, Inc. | $27.38 | 2.34B | +370% | +742% | +26% | +1,622% | 3.71 | 0.47 | 0.60 | 2.09 | — | 0.47 | 41.18% | 29.04% | 16.12% | 13.09% | 11.11% | 5.78% | 0.68 | 3.31 | 0.45 | 0.38 | 1.23 | -621.00% | 4953.00% | 2244.00% | 28.73% | 1.30 | 8.48% | 15.88% | 58.90% | 29.62% | 4.98 | 8.43 | 1.45 | 0.95 |
| CRGY | Crescent Energy Company | $11.66 | 3.83B | +222% | -59% | +45% | +38% | 17.39 | 0.56 | 0.81 | 5.06 | — | 0.56 | 22.58% | 13.23% | 3.71% | 4.03% | 4.67% | 2.33% | 1.07 | 1.59 | 0.02 | 0.59 | 3.32 | -16136.00% | 2214.00% | -353957.00% | 25.08% | 1.33 | 8.67% | 3.96% | 68.90% | 5.11% | 17.81 | 11.57 | 2.36 | 87.16 |
| CSAN | Cosan S.A. | $4.96 | 4.61B | +117% | -26% | — | — | -2.59 | 2.24 | 0.56 | 5.84 | — | -1.58 | 31.20% | 21.15% | -21.44% | -59.16% | 14.46% | -6.70% | 6.69 | 1.30 | 1.72 | 1.34 | 4.24 | -99828.00% | 1136.00% | 3089.00% | 21.50% | 0.73 | 8.16% | 14.13% | -36.60% | 15.76% | 8.31 | 14.71 | 1.76 | 0.77 |
| DHT | DHT Holdings, Inc. | $19.49 | 3.13B | +21% | -50% | -87% | — | 14.96 | 2.79 | 6.35 | 10.57 | 88.17 | 2.79 | 38.16% | 34.16% | 42.46% | 19.44% | 11.87% | 13.66% | 0.38 | 11.99 | 2.80 | 1.77 | 1.05 | 1696.00% | -1304.00% | -11651.00% | -1.05% | 3.70 | -2.33% | 3.77% | 56.30% | 3.77% | 20.65 | -105.35 | 7.05 | 4.71 |
| SM | SM Energy Company | $23.13 | 2.65B | +365% | -43% | +151% | +518% | 4.29 | 0.58 | 0.88 | 2.13 | — | 0.58 | 31.86% | 26.06% | 20.55% | 14.32% | 9.29% | 7.27% | 0.48 | 4.75 | 0.69 | 0.60 | 0.87 | -1544.00% | 1807.00% | -13511.00% | 20.60% | 1.72 | 8.29% | 3.31% | 14.20% | 36.63% | 5.73 | 8.22 | 1.49 | 1.46 |
| TALO | Talos Energy Inc. | $12.25 | 2.08B | +304% | -51% | — | -71% | -4.56 | 1.04 | 1.27 | 4.24 | -0.82 | 1.04 | 2.89% | -5.94% | -27.88% | -20.10% | -2.50% | -8.44% | 0.57 | -0.65 | 1.30 | 1.06 | 1.19 | 55581.00% | -980.00% | -5284.00% | 20.09% | 1.45 | 13.08% | 0.00% | 0.00% | 16.51% | -29.66 | 6.91 | 1.76 | 0.47 |
| TNK | Teekay Tankers Ltd. | $78.27 | 2.7B | -9% | -38% | +2% | — | 7.70 | 1.32 | 2.84 | 6.32 | — | 1.32 | 27.48% | 22.59% | 36.90% | 18.48% | 17.00% | 16.66% | 0.03 | 74.24 | 7.98 | 7.44 | -2.57 | -1301.00% | -2258.00% | -7160.00% | 4.17% | 2.26 | 8.90% | 2.55% | 19.60% | 14.62% | 8.86 | 16.92 | 2.00 | 9.44 |
| TRMD | TORM plc | $30.13 | 3.05B | -5% | -51% | -81% | — | 10.26 | 1.38 | 2.19 | 6.72 | — | 1.39 | 34.12% | 25.58% | 21.30% | 13.86% | 11.34% | 8.67% | 0.46 | 4.64 | 1.33 | 1.00 | 1.47 | -5346.00% | -1086.00% | -1530.00% | 6.50% | 1.29 | 6.50% | 6.82% | 70.00% | 10.31% | 10.93 | 19.67 | 2.80 | 3.12 |
About Northern Oil and Gas, Inc.
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 primarily holds interests in the Williston Basin, the Appalachian Basin, and the Permian Basin in the United States. As of December 31, 2021, it owned working interests in 7,436 gross producing wells; and had proved reserves of 287,682 million barrels of oil equivalent. The company is based in Minnetonka, Minnesota.
- CEO
- Adam Dirlam
- Employees
- 49
- Beta
- 0.99
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($25.07 ÷ $26.52) − 1 = -5.47% (DCF, example).