NOG — Northern Oil & Gas Inc

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

About Northern Oil & Gas Inc

Northern 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 States. Northern Oil and Gas, Inc. was founded in 2006 and is headquartered in Minnetonka, Minnesota. Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$23.75
Market Cap$2.50B
Float102.3M
Shares Outstanding105.8M
P/E (Forward)5.91
Price/Sales (TTM)1.30
vs. Analyst Target+48.8% to analyst PT
Profit Margin-32.36%
Operating Margin (TTM)-73.64%
Revenue (TTM)$1.93B
Earnings Growth (YoY)-26.50%
Dividend Rate1.8%
Analyst Target Price$35.33 (9 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $324M -$906M $15.8M -$686M
2021 $975M $6.4M $586M $206M
2022 $1.99B $773M $1.32B $1.11B
2023 $1.91B $923M $914M $1.62B
2024 $2.16B $520M $836M $1.58B
2025 $2.10B $38.8M $675M $1.05B

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Jun 2025 $578M $99.6M
Sep 2025 $486M -$129M
Dec 2025 $451M -$70.7M
Mar 2026 $544M -$523M

Ownership & Float

Insider Ownership2.9%
Institutional Ownership110.3%
Short Float16.6%
% of All Funds Holding4.05%
Number of Funds Holding333

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$26.43Near-term / short-term trend
Weekly40-Week SMA$24.68Medium-term trend
Weekly80-Week SMA$28.16Cyclical trend (business cycle)
Weekly200-Week SMA$32.68Secular trend (multi-year)
Monthly10-Month SMA$24.97Near-term monthly trend
Monthly20-Month SMA$28.58Medium-term monthly trend
Monthly40-Month SMA$32.77Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$21.50 support 1.00x 3 months ago
$29.80 resistance 1.53x 12 months ago
$35.90 resistance 1.05x 14 months ago
$43.00 resistance 1.09x 16 months ago

Historical Earnings Reactions (73 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap 0.45% 0.10% 52.05% 16.18% -7.51%
1 Day 0.52% -0.38% 45.21% 21.76% -10.67%
1 Week -0.54% -0.41% 47.95% 51.76% -30.59%
2 Weeks -0.59% -1.53% 46.58% 76.47% -42.69%
1 Month 3.93% -4.44% 45.83% 175.59% -52.30%

Next earnings: July 17, 2026 (51 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan2.9%52.6%19
Feb1.7%52.6%19
Mar0.9%52.6%19
Apr6.1%52.6%19
May3.6%47.4%19
Jun1.5%57.9%19
Jul-2.7%31.6%19
Aug-3.2%36.8%19
Sep0.9%47.4%19
Oct-2.7%47.4%19
Nov8.9%63.2%19
Dec1.5%47.4%19

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday -0.05% 47.3% 903
Tuesday 0.19% 49.9% 987
Wednesday 0.25% 50.6% 985
Thursday -0.04% 44.2% 966
Friday 0.08% 48.1% 963

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 110.3%

Insider Transactions — Smart Summary

Total insider ownership: 2.9%

12-Month Insider Activity Summary

Total Filings1
Net Value+N/A
Net Shares Change25,000
% of Float0.0%
C-Suite Filings0
Clusters Detected0

Key Insiders

NameTitleNet ValueFilingsActivity
EASLEY ROY ERNEST +$600,770 1 1 buy

Significant Filings

DateInsiderTitleNet ValuePrice After
2025-12-12 EASLEY ROY ERNEST +$600,770 Transaction at $24.03, now -1.2%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Northern Oil & Gas Inc (NOG) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for NOG on Trend Edge →