Financials Northern Oil and Gas, Inc.

Equities

NOG

US6655313079

Oil & Gas Exploration and Production

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
43.27 USD +0.49% Intraday chart for Northern Oil and Gas, Inc. +1.81% +16.73%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 948.3 401.5 1,582 2,618 3,718 4,374 - -
Enterprise Value (EV) 1 2,050 1,345 2,376 4,141 5,546 5,949 5,612 5,314
P/E ratio -11.7 x -0.41 x -158 x 3.46 x 3.7 x 7.51 x 6.83 x 7.75 x
Yield - - 0.75% 2.86% 4.02% 3.69% 3.75% 3.81%
Capitalization / Revenue 1.58 x 1.24 x 1.62 x 1.32 x 1.96 x 2 x 1.91 x 1.96 x
EV / Revenue 3.41 x 4.15 x 2.44 x 2.09 x 2.92 x 2.72 x 2.46 x 2.38 x
EV / EBITDA 4.51 x 3.82 x 4.38 x 3.81 x 3.88 x 3.86 x 3.46 x 3.37 x
EV / FCF -8.94 x 28.2 x -12 x - 15.3 x 10.9 x 10.1 x 9.01 x
FCF Yield -11.2% 3.55% -8.3% - 6.54% 9.2% 9.93% 11.1%
Price to Book - - - - 1.82 x 1.71 x 1.38 x 1.22 x
Nbr of stocks (in thousands) 40,524 45,829 76,892 84,936 100,302 101,096 - -
Reference price 2 23.40 8.760 20.58 30.82 37.07 43.27 43.27 43.27
Announcement Date 3/12/20 3/12/21 2/24/22 2/23/23 2/22/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 601.2 324.1 975.1 1,986 1,898 2,190 2,284 2,229
EBITDA 1 454.2 351.8 543 1,086 1,428 1,541 1,623 1,576
EBIT 1 236 185.5 402.1 829.4 936.6 838.9 883 837.5
Operating Margin 39.26% 57.25% 41.24% 41.77% 49.35% 38.31% 38.65% 37.57%
Earnings before Tax (EBT) 1 -76.32 -906.2 6.594 776.3 1,001 668.7 741.8 677.1
Net income 1 -76.32 -921.3 -8.4 727.7 923 554 621.5 575.3
Net margin -12.69% -284.31% -0.86% 36.65% 48.63% 25.3% 27.2% 25.81%
EPS 2 -2.000 -21.55 -0.1300 8.920 10.03 5.760 6.333 5.585
Free Cash Flow 1 -229.4 47.76 -197.3 - 362.9 547.2 557.2 589.7
FCF margin -38.15% 14.74% -20.24% - 19.12% 24.99% 24.39% 26.46%
FCF Conversion (EBITDA) - 13.58% - - 25.41% 35.5% 34.33% 37.43%
FCF Conversion (Net income) - - - - 39.32% 98.77% 89.65% 102.5%
Dividend per Share 2 - - 0.1550 0.8800 1.490 1.597 1.624 1.650
Announcement Date 3/12/20 3/12/21 2/24/22 2/23/23 2/22/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 259.7 332.4 456.5 549.6 534 445.6 426.2 416.5 511.7 543.4 506 545.4 571 568.1 568.7
EBITDA 1 136.1 175.3 256.6 272.5 292.4 264.8 325.5 315.5 385.5 401.7 353.3 387.9 406.7 404.9 416.2
EBIT 1 99.49 132.5 203.4 216.3 225.1 186 228.7 208 250.6 249.3 184.5 209.7 223.6 221.1 225.1
Operating Margin 38.31% 39.85% 44.57% 39.36% 42.14% 41.75% 53.66% 49.93% 48.97% 45.88% 36.45% 38.46% 39.15% 38.92% 39.59%
Earnings before Tax (EBT) 1 12.55 175 -205.8 252.3 584.8 145 340.9 206.8 5.419 447.6 149 171.5 183 184 196.2
Net income 1 8.949 171.1 -224.5 238.1 580.9 133.3 340.2 167.8 26.11 388.9 121.5 141.7 153.4 152.7 157.7
Net margin 3.45% 51.49% -49.19% 43.32% 108.76% 29.91% 79.81% 40.29% 5.1% 71.56% 24.01% 25.98% 26.87% 26.88% 27.73%
EPS 2 0.1300 2.130 -2.920 2.740 6.770 1.630 3.980 1.880 0.2800 3.900 1.205 1.422 1.547 1.545 1.572
Dividend per Share 2 - - - - - 0.3000 0.3400 0.3700 0.3800 0.4000 0.4000 0.4000 0.4000 0.4000 0.4000
Announcement Date 11/5/21 2/24/22 5/5/22 8/3/22 11/8/22 2/23/23 5/4/23 8/2/23 11/1/23 2/22/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,102 943 794 1,523 1,827 1,574 1,238 939
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.426 x 2.682 x 1.462 x 1.402 x 1.279 x 1.021 x 0.7629 x 0.5961 x
Free Cash Flow 1 -229 47.8 -197 - 363 547 557 590
ROE (net income / shareholders' equity) - - - 118% 43.3% 22.6% 22.8% 16.9%
ROA (Net income/ Total Assets) - - - 33.1% - - - -
Assets 1 - - - 2,199 - - - -
Book Value Per Share 2 - - - - 20.30 25.40 31.30 35.50
Cash Flow per Share 2 8.780 7.760 7.260 10.10 13.10 14.20 14.90 15.10
Capex 1 569 284 594 - 927 871 907 947
Capex / Sales 94.66% 87.62% 60.9% - 48.82% 39.79% 39.69% 42.5%
Announcement Date 3/12/20 3/12/21 2/24/22 2/23/23 2/22/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
43.27 USD
Average target price
50.29 USD
Spread / Average Target
+16.23%
Consensus
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  4. Financials Northern Oil and Gas, Inc.