NOG
Northern Oil and Gas, Inc.Energy · $2.5B market cap
Verdict
Share price
$23.83
close of Oct 3, 2026
Fair value
$15.85
Sticker Price
Payback Price
$6.34
buy price
NOG is Overpriced: at $23.83 it trades 50% above its fair value of $15.85. Its buy price (Payback Price) is $6.34, 73% below today's price. Business quality is strong: 4 of 5 key numbers clear the 10% bar.
How we valued it
Free Cash Flow. Sales grew 2% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.
Business quality
4 of 5 clear the 10% bar. What are the Big Five?
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1 of the investors we track holds NOG. In Q2 2026, 1 added and 1 sold out. Who we track
About Northern Oil and Gas, Inc.
Northern Oil and Gas, Inc. operates as an independent energy enterprise within the United States. The company's core business revolves around the entire lifecycle of crude oil and natural gas properties, from their acquisition and exploration to their development and eventual production. Its primary operations are concentrated in significant U.S. shale plays, namely the Williston, Appalachian, and Permian Basins. As…
Oil & Gas Exploration & Production
Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works