The Market Fieldbook

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The Market Fieldbook

Company Observatory

NOG

Northern Oil and Gas, Inc.

Energy · Oil & Gas Exploration & Production

Overall research band Mixed
Quality Mixed
Valuation Mixed
Balance sheet Very weak
Market confirmation Exceptional

One-minute company read

What this report can tell you now

What the company does

Northern Oil and Gas, Inc. is an independent energy company based in Minnetonka, Minnesota, focused on the acquisition, exploration, development, and production of crude oil and natural gas properties in the United States. The company operates primarily in the Williston, Appalachian, and Permian Basins, holding interests in 7,436 producing wells as of December 31, 2021. Its main products are crude oil and natural gas, and its revenue is generated from the sale of these commodities. Northern Oil and Gas serves customers in the energy sector by supplying oil and gas produced from its U.S. shale assets.

The current research profile is Speculative Growth, with elevated leverage. This is a starting point for investigation, not a forecast or recommendation.

Strongest visible signal

Recent market behavior is the strongest visible confirmation. Check whether it agrees with the underlying business evidence.

What to investigate next

Read the latest filing or company update, check the period behind the metrics, and investigate the dimension with the weakest band above.

Before you draw a conclusion

  • Read the latest filing or company update.
  • Check the financial period behind each metric.
  • Investigate the weakest score band and any missing evidence.

Headline fundamentals

A small set of signals worth checking

ROIC9.0%Model input; read with the evidence status and period context.
Operating margin26.0%Model input; read with the evidence status and period context.
Revenue CAGR · 4 years21.1%Model input; read with the evidence status and period context.
FCF margin-36.4%Model input; read with the evidence status and period context.

Go deeper when you need to

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Evidence detailSee exact inputs, source context, and model-aware metrics.
HistoryReview score and research changes over time.
MonitoringKeep the questions, risks, and changes that matter in view.

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