Touchstone
Last syncNov 1, 2026, 6:55 PM ET

NOG

Northern Oil & Gas, Inc. Energy Crude Petroleum & Natural Gas Russell 3000
$28.35Close $2.8BMarket cap $17.37 – $29.6652-week range Nov 5, 2026Next report · after the close
Repair to Leader 2nd of 18

Highlights

Strengths

  • Leading the market RS 83 · stronger than 83% of stocks over 12 months
  • Near its high 4% below its 52-week high
  • Earnings growing EPS +118% year on year, faster than the quarter before (+600 pts)

Cautions

  • Trend not confirmed 7 of 8 conditions · 150-day under the 200-day
  • Results soon Nov 5, 2026, in 4 days

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Dec 31, 2025 · filed Aug 7, 2026
Off 12-month high 4% 63% above the low
1wk up 0.3% price change
1mo up 23.9% price change
12-month return up 41% market up 11% · its own up 26%
F-score 7 / 9 Strong
Altman Z″ 1.33 Moderate risk
P/E 71.1× price / earnings
PEG — P/E / EPS growth
P/B 1.3× price / book
Earnings yield up 4.8% EBIT / enterprise value
Cheaper than 84% of the market · markedly cheap
Revenue growth up 11% year on year
EPS growth up 118% latest quarter · +600 pts
Sales growth up 5% latest quarter · +105 pts
ROE up 2% return on equity
Free cash margin up 61% $1.5B FCF
D/E 1.13 long-term debt / equity
Net debt / EBITDA 9.7×
Interest cover —EBIT / interest
Piotroski tests
  • profitability slipped from last year
  • assets working less efficiently
  • profitable on its assets
  • generating cash from operations
  • profits backed by cash
  • reduced long-term debt
  • short-term liquidity improved
  • no new shares issued
  • gross margin widened

Trade setup

ATR% 3.1% $0.87 a day · 2×ATR $26.60
RS 83 / 99 vs the universe
Trend 7 / 8 150-day under the 200-day
Relative volume 0.6× vs 50-day average
Up/down volume 1.01 50 sessions
Implied move — no option chain · report Nov 5, 2026
Trend template · 7 of 8
  • 150-day average above the 200-day: fails

Screen verdict

1 of 3 screens
  • Repair to Leader in mixed conditions
    • Fell 41% within the year
    • 63% above the low
    • Trend 7/8, above its 50-day, 200-day rising
    • F-score 7/9
    • Cheaper than 84%
    • Altman Z″ 1.33 (moderate risk)
    • Relative strength turning up (+11 pts, 3m vs 12m)
    • RS 83

Warning signs

1 flagged
  • Heavily indebted Net debt is 9.7 times EBITDA — roughly 10 years of earnings before interest, tax and depreciation to repay borrowings in full.
Last reported Oct 13, 2026
Results reaction Oct 13, 2026+5% vs market2 sessions after results

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $2.5B +11% on FY2024
$0 $2.5B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $324.1M FY2021 · $975.1M FY2022 · $2.0B FY2023 · $2.2B FY2024 · $2.2B FY2025 · $2.5B
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology $38.8M -93% on FY2024
-$1B $0 $1B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · -$906.0M FY2021 · $6.4M FY2022 · $773.2M FY2023 · $923.0M FY2024 · $520.3M FY2025 · $38.8M
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology $1.5B +7% on FY2024
$0 $2B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $331.7M FY2021 · $396.5M FY2022 · $928.4M FY2023 · $1.2B FY2024 · $1.4B FY2025 · $1.5B
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross 81%
  • Net 2%
  • Free cash 61%
-500% 0% 200% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Gross 64% · Net -280% · Free cash 102% FY2021 · Gross 82% · Net 1% · Free cash 41% FY2022 · Gross 87% · Net 39% · Free cash 47% FY2023 · Gross 84% · Net 43% · Free cash 55% FY2024 · Gross 81% · Net 23% · Free cash 63% FY2025 · Gross 81% · Net 2% · Free cash 61%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology $2.4B net debt
  • Cash
  • Long-term debt
$0 $2.5B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $1.4M · Long-term debt $879.8M FY2021 · Cash $9.5M · Long-term debt $803.4M FY2022 · Cash $2.5M · Long-term debt $1.5B FY2023 · Cash $8.2M · Long-term debt $1.8B FY2024 · Cash $8.9M · Long-term debt $2.4B FY2025 · Cash $14.3M · Long-term debt $2.4B
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 97.27m +111.9% since FY2020
100.76m 45.91m FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 45.91m FY2021 · 77.34m FY2022 · 85.17m FY2023 · 100.76m FY2024 · 99.11m FY2025 · 97.27m
  FY2020Dec 31, 2020 FY2021Dec 31, 2021 FY2022Dec 31, 2022 FY2023Dec 31, 2023 FY2024Dec 31, 2024 FY2025Dec 31, 2025
Revenue $324.1M $975.1M $2.0B $2.2B $2.2B $2.5B
Gross margin 64% 82% 87% 84% 81% 81%
Operating income -$841.2M $78.0M $853.2M $1.1B $837.8M $245.8M
Net income -$906.0M $6.4M $773.2M $923.0M $520.3M $38.8M
Net margin -280% 1% 39% 43% 23% 2%
Earnings per share -$21.20 $0.10 $8.92 $10.03 $5.14 $0.39
Free cash flow $331.7M $396.5M $928.4M $1.2B $1.4B $1.5B
Free cash margin 102% 41% 47% 55% 63% 61%
Cash $1.4M $9.5M $2.5M $8.2M $8.9M $14.3M
Long-term debt $879.8M $803.4M $1.5B $1.8B $2.4B $2.4B
Shareholders' equity -$223.3M $215.1M $745.3M $2.0B $2.3B $2.1B
Shares outstanding 45.91m 77.34m 85.17m 100.76m 99.11m 97.27m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Aug 7, 2026 Quarterly ↗ Jun 30, 2026 38d
Apr 29, 2026 Quarterly ↗ Mar 31, 2026 29d
Feb 26, 2026 Annual ↗ Dec 31, 2025 57d
Nov 7, 2025 Quarterly ↗ Sep 30, 2025 38d
Aug 1, 2025 Quarterly ↗ Jun 30, 2025 32d
Apr 30, 2025 Quarterly ↗ Mar 31, 2025 30d
Feb 20, 2025 Annual ↗ Dec 31, 2024 51d
Nov 6, 2024 Quarterly ↗ Sep 30, 2024 37d
Jul 31, 2024 Quarterly ↗ Jun 30, 2024 31d
Apr 30, 2024 Quarterly ↗ Mar 31, 2024 30d
Feb 23, 2024 Annual ↗ Dec 31, 2023 54d
Nov 2, 2023 Quarterly ↗ Sep 30, 2023 33d

Current reports

FiledDisclosed
Oct 13, 2026 Results ↗
Aug 26, 2026 Material agreement · New obligation ↗
Aug 19, 2026 Other events ↗
Aug 19, 2026 Other events ↗
Aug 6, 2026 Results ↗
Jul 13, 2026 Results ↗
Jun 2, 2026 Other events ↗
Jun 1, 2026 Material agreement · Unregistered share sale ↗
May 26, 2026 Material agreement · Unregistered share sale · Regulation FD ↗
May 26, 2026 Shareholder vote ↗
Apr 28, 2026 Results ↗
Mar 13, 2026 Other events ↗