Northern Oil and Gas, Inc.
NOGEnergyNASDAQOil & Gas E&P
Scan Results
Daily timeframeNorthern 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. Valued at $2.31B, NOG is a mid-cap name in its sector. Northern Oil and Gas, Inc.
Market Cap
$2.31B
Beta
0.71
P/E (TTM)
—
P/E (Fwd)
5.44
EPS (TTM)
$-6.58
EPS (Fwd)
$3.89
ROE
-29.8%
ROA
4.3%
Cash
$37.0M
Total Debt
$2.55B
Free CF
-$13.4M
52W Change
-22.2%
Annual Financials
Cash vs Debt
Northern Oil and Gas, Inc. carries $2.55B in total debt against $37.0M in cash reserves — debt is roughly 68.9x the cash position. Managing this leverage effectively will be important for long-term financial stability. The company is burning cash, with free cash flow at -$13.4M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. Return on equity stands at -29.8%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 4.3% is on the lower side, which is common in asset-heavy industries. Revenue has been relatively flat, moving from $1.99B (2022) to $2.10B (2025).
Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing NOG.