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NYSEAMERICAN:NOG
Northern Oil & Gas, Inc. (NOG)
Financials 
Technical Analysis 
Jun 11, 2026, 12:00 amThis summary was created by AI, based on 2 opinions in the last 12 months.
Northern Oil & Gas, Inc. (NOG) has shown a mixed performance according to recent analyses. The company's recent earnings report highlighted a significant 13% increase in production and an impressive 41% rise in free cash flow, marking new corporate records. However, this past top pick stock has also triggered a stop-loss at $23, resulting in a recommendation to cover positions due to a net investment loss of 19%. Analysts view NOG as a strong player in the Bakken region, with attractive valuation metrics, including a price-to-earnings ratio of 8x and a return on equity of 29%. A 5.8% dividend yield complements an acceptable payout ratio of under 33% of cash flow, making it a compelling option for income-focused investors. Despite short-term setbacks, the potential upside to $37 suggests optimism among analysts.
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Premium content
Premium contentWe reiterate this predominately oil producing company in the Bakken as a TOP PICK. Recently reported earnings showed a 13% increase in production (a new corporate record) and a 41% increase in free cash flow. It trades at 8x earnings, 1.2x book and supports a 29% ROE. Its good dividend is backed by a payout ratio under 33% of cash flow. We recommend trailing up the stop (from $21) to $23, looking to achieve $37 -- upside potential of 23%. Yield 5.8%
(Analysts’ price target is $36.79)Premium contentNOG recently reported its 21st consecutive quarter of positive cash flow -- allowing for a payout ratio of under 33% of cash flow to cover its robust dividend yield. It trades at 7x earnings, 1.1x book and supports a ROE of 29%. We recommend setting a stop-loss at $21, looking to achieve $36 -- upside potential of 30%. Yield 6.1%
(Analysts’ price target is $36.79)Premium contentPremium contentPremium contentNOG recently reported record cash flow and production of which 57% is oil based. Management just announced it has exercised its option to increase Uinta basin holdings. It trades at 7x earnings, under 2x book and supports a 32% ROE. Its dividend is backed by a payout ratio under 30% of cash flow. We recommend setting a stop-loss at $32, looking to achieve $50 -- upside potential of 30%. Yield 4.2%
(Analysts’ price target is $50.21)- «
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Northern Oil & Gas, Inc. (NOG) Frequently Asked Questions
What is Northern Oil & Gas, Inc. stock symbol?
Northern Oil & Gas, Inc. is a American stock, trading under the symbol NOG (previously NOG-N on Stockchase) on the NYSE American (NOG). It is usually referred to as AMEX:NOG or NOG
Is Northern Oil & Gas, Inc. a buy or a sell?
In the last year, 2 stock analysts issued a Buy, Sell, or Hold rating on NOG (previously NOG-N on Stockchase). 2 analysts recommended to BUY and 0 analysts recommended to SELL the stock. The latest stock analyst rating is TOP PICK. Read the latest stock experts' ratings for Northern Oil & Gas, Inc..
Is Northern Oil & Gas, Inc. a good investment or a top pick?
Northern Oil & Gas, Inc. was recommended as a Top Pick by The Panic-Proof Portfolio (Stockchase Research) on 2024-08-08. Read the latest stock experts ratings for Northern Oil & Gas, Inc..
Why is Northern Oil & Gas, Inc. stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Northern Oil & Gas, Inc..
Is Northern Oil & Gas, Inc. worth watching?
Northern Oil & Gas, Inc. is followed by 11 investors on Stockchase and is a trending stock that is worth watching.
What is Northern Oil & Gas, Inc. stock price?
On 2026-06-12, Northern Oil & Gas, Inc. (NOG) stock closed at a price of $20.79.
Our PAST TOP PICK with NOG has triggered its stop at $23. To remain disciplined, we recommend covering the position at this time. This will result in a net investment loss of 19%, when combined with our previous guidance.