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. At a $2.30B market cap, Northern Oil and Gas, Inc. ranks as a mid-cap company within energy. Northern Oil and Gas, Inc.
Market Cap
$2.30B
Beta
0.77
P/E (TTM)
—
P/E (Fwd)
5.35
EPS (TTM)
$-6.32
EPS (Fwd)
$4.06
ROE
-29.8%
ROA
4.3%
Cash
$37.0M
Total Debt
$2.55B
Free CF
-$13.4M
52W Change
-18.2%
Annual Financials
Cash vs Debt
On the balance sheet, NOG has $37.0M in cash with $2.55B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. 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. ROE of -29.8% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. 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).
The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Northern Oil and Gas, Inc.'s trajectory.