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Northern Oil and Gas

DB:4LT
Snowflake Description

Moderate growth potential and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
4LT
DB
$322M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

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. The last earnings update was 27 days ago. More info.


Add to Portfolio Compare Print
  • Northern Oil and Gas has significant price volatility in the past 3 months.
4LT Share Price and Events
7 Day Returns
37.8%
DB:4LT
6.5%
DE Oil and Gas
2.1%
DE Market
1 Year Returns
-67.1%
DB:4LT
28.1%
DE Oil and Gas
-16.6%
DE Market
4LT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Northern Oil and Gas (4LT) 37.8% 4.8% -58.4% -67.1% -66.6% -91.2%
DE Oil and Gas 6.5% -7.3% -23.7% 28.1% -18.9% 149.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • 4LT underperformed the Oil and Gas industry which returned 28.1% over the past year.
  • 4LT underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
4LT
Industry
5yr Volatility vs Market

4LT Value

 Is Northern Oil and Gas undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Northern Oil and Gas to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Northern Oil and Gas.

DB:4LT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:4LT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.948 (1 + (1- 21%) (347.29%))
2.707
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:4LT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Northern Oil and Gas is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:4LT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.49%)
2020 162.60 Analyst x5 147.16
2021 96.28 Analyst x5 78.87
2022 42.00 Analyst x2 31.14
2023 20.70 Est @ -50.71% 13.89
2024 13.33 Est @ -35.61% 8.10
2025 9.99 Est @ -25.05% 5.49
2026 8.23 Est @ -17.65% 4.09
2027 7.20 Est @ -12.47% 3.24
2028 6.56 Est @ -8.85% 2.67
2029 6.15 Est @ -6.31% 2.27
Present value of next 10 years cash flows $296.00
DB:4LT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $6.15 × (1 + -0.39%) ÷ (10.49% – -0.39%)
$56.31
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $56.31 ÷ (1 + 10.49%)10
$20.77
DB:4LT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $296.00 + $20.77
$316.77
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $316.77 / 405.61
$0.78
DB:4LT Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:4LT represents 0.96372x of AMEX:NOG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.96372x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 0.78 x 0.96372
€0.75
Value per share (EUR) From above. €0.75
Current discount Discount to share price of €0.77
= -1 x (€0.77 - €0.75) / €0.75
-1.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Northern Oil and Gas is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Northern Oil and Gas's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Northern Oil and Gas's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:4LT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-0.20
AMEX:NOG Share Price ** AMEX (2020-04-07) in USD $0.79
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.51x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Northern Oil and Gas.

DB:4LT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:NOG Share Price ÷ EPS (both in USD)

= 0.79 ÷ -0.20

-3.97x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Northern Oil and Gas is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Northern Oil and Gas is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Northern Oil and Gas's expected growth come at a high price?
Raw Data
DB:4LT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.97x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
87.6%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Northern Oil and Gas, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Northern Oil and Gas's assets?
Raw Data
DB:4LT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $1.38
AMEX:NOG Share Price * AMEX (2020-04-07) in USD $0.79
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:4LT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:NOG Share Price ÷ Book Value per Share (both in USD)

= 0.79 ÷ 1.38

0.58x

* Primary Listing of Northern Oil and Gas.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Northern Oil and Gas is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Northern Oil and Gas's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Northern Oil and Gas has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

4LT Future Performance

 How is Northern Oil and Gas expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
87.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Northern Oil and Gas expected to grow at an attractive rate?
  • Northern Oil and Gas's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Northern Oil and Gas's earnings growth is expected to exceed the Germany market average.
  • Northern Oil and Gas's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:4LT Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:4LT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 87.6%
DB:4LT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts -7.7%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:4LT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:4LT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 371 249 1
2021-12-31 521 299 59 4
2020-12-31 569 367 98 4
2020-04-08
DB:4LT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 543 340 -77
2019-09-30 537 387 250
2019-06-30 527 379 175
2019-03-31 490 298 34
2018-12-31 449 244 144
2018-09-30 376 134 -98
2018-06-30 293 107 -134
2018-03-31 238 89 -23
2017-12-31 203 73 -9
2017-09-30 180 70 2
2017-06-30 169 73 -27
2017-03-31 163 76 -150

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Northern Oil and Gas's earnings are expected to grow significantly at over 20% yearly.
  • Northern Oil and Gas's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:4LT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Northern Oil and Gas Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:4LT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 -0.26 -0.26 -0.26 1.00
2021-12-31 0.13 0.27 -0.06 3.00
2020-12-31 0.22 0.29 0.16 3.00
2020-04-08
DB:4LT Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -0.20
2019-09-30 0.65
2019-06-30 0.49
2019-03-31 0.11
2018-12-31 0.61
2018-09-30 -0.63
2018-06-30 -1.37
2018-03-31 -0.37
2017-12-31 -0.15
2017-09-30 0.04
2017-06-30 -0.44
2017-03-31 -2.45

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Northern Oil and Gas will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Northern Oil and Gas's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Northern Oil and Gas has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

4LT Past Performance

  How has Northern Oil and Gas performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Northern Oil and Gas's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Northern Oil and Gas does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Northern Oil and Gas's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Northern Oil and Gas's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Northern Oil and Gas's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Northern Oil and Gas Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:4LT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 543.47 -77.35 21.10
2019-09-30 537.48 249.91 18.72
2019-06-30 526.72 174.51 20.95
2019-03-31 489.82 33.56 18.95
2018-12-31 448.62 143.69 14.57
2018-09-30 375.56 -98.45 12.67
2018-06-30 292.92 -133.52 12.39
2018-03-31 237.95 -23.17 13.46
2017-12-31 203.38 -9.19 15.40
2017-09-30 180.15 2.32 16.06
2017-06-30 168.63 -27.21 13.76
2017-03-31 163.00 -149.99 14.03
2016-12-31 144.21 -293.49 14.76
2016-09-30 136.72 -453.48 16.84
2016-06-30 143.78 -731.10 18.83
2016-03-31 161.67 -872.18 18.50
2015-12-31 181.11 -975.35 19.04
2015-09-30 230.85 -699.46 17.63
2015-06-30 293.23 -318.23 17.66
2015-03-31 345.98 -72.58 17.38
2014-12-31 387.94 163.75 17.60
2014-09-30 392.59 77.56 16.61
2014-06-30 382.77 21.28 16.65
2014-03-31 345.92 50.71 16.58
2013-12-31 334.27 53.07 16.58
2013-09-30 317.49 55.22 15.55
2013-06-30 292.80 53.82 15.95

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Northern Oil and Gas has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Northern Oil and Gas used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • It is difficult to establish if Northern Oil and Gas improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Northern Oil and Gas's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Northern Oil and Gas has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

4LT Health

 How is Northern Oil and Gas's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Northern Oil and Gas's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Northern Oil and Gas's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Northern Oil and Gas's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Northern Oil and Gas's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Northern Oil and Gas Company Filings, last reported 3 months ago.

DB:4LT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 558.64 1,118.16 16.07
2019-09-30 514.11 1,140.07 1.90
2019-06-30 389.65 859.99 2.79
2019-03-31 312.76 848.45 3.94
2018-12-31 429.87 848.39 2.36
2018-09-30 11.21 795.82 112.97
2018-06-30 -147.82 845.69 200.92
2018-03-31 -488.78 980.78 89.47
2017-12-31 -490.84 979.32 102.18
2017-09-30 -470.60 846.12 6.78
2017-06-30 -455.47 845.28 3.81
2017-03-31 -470.09 823.45 5.52
2016-12-31 -487.42 832.63 6.49
2016-09-30 -476.06 807.79 3.32
2016-06-30 -429.80 818.95 3.67
2016-03-31 -322.51 803.12 4.39
2015-12-31 -197.60 835.29 3.39
2015-09-30 -28.34 867.68 7.04
2015-06-30 293.79 885.55 7.11
2015-03-31 542.88 845.68 5.74
2014-12-31 770.86 806.05 9.34
2014-09-30 668.31 736.42 8.05
2014-06-30 609.46 706.80 14.25
2014-03-31 613.23 647.17 8.11
2013-12-31 619.83 584.54 5.69
2013-09-30 600.87 554.91 11.87
2013-06-30 623.46 510.28 18.10
  • Northern Oil and Gas's level of debt (200.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (105% vs 200.2% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Northern Oil and Gas has less than a year of cash runway based on current free cash flow.
  • Unable to confirm if Northern Oil and Gas has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Northern Oil and Gas's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Northern Oil and Gas has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

4LT Dividends

 What is Northern Oil and Gas's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Northern Oil and Gas dividends.
If you bought €2,000 of Northern Oil and Gas shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Northern Oil and Gas's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Northern Oil and Gas's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:4LT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:4LT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2020-04-08

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Northern Oil and Gas has not reported any payouts.
  • Unable to verify if Northern Oil and Gas's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Northern Oil and Gas's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Northern Oil and Gas has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Northern Oil and Gas's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Northern Oil and Gas afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Northern Oil and Gas has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

4LT Management

 What is the CEO of Northern Oil and Gas's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Nick O'Grady
COMPENSATION $1,359,564
AGE 40
TENURE AS CEO 0.3 years
CEO Bio

Mr. Nicholas L. O'Grady, also known as Nick, has been the Chief Executive Officer at Northern Oil and Gas, Inc., since January 1, 2020. Mr. O'Grady served as President at Northern Oil and Gas, Inc. since September 10, 2019 until December 2019 and also served as its Chief Financial Officer since joining it in June 1, 2018 until January 1, 2020. Mr. O'Grady was Portfolio Manager at Hudson Bay Capital Management LP. He was responsible for covering oil and gas stocks. Prior to this, he served as a Portfolio Manager at BlueCrest Capital Management LLP (BlueCrest Capital Management Limited) and BlueCrest Capital Management (UK) LLP since November 2013. Prior to this, Mr. O'Grady served as a Portfolio Manager at Sigma Capital Management, LLC from 2012 to November 2013, where he was an energy, oil, and gas stock specialist. Prior to this, he served as a Portfolio Manager at Plural Investment, LLC. Previously, Mr. O'Grady served as a Portfolio Manager at Highbridge Capital Management, LLC.

CEO Compensation
  • Insufficient data for Nick to compare compensation growth.
  • Nick's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Northern Oil and Gas management team in years:

0.3
Average Tenure
40
Average Age
  • The average tenure for the Northern Oil and Gas management team is less than 2 years, this suggests a new team.
Management Team

Nick O'Grady

TITLE
Chief Executive Officer
COMPENSATION
$1M
AGE
40
TENURE
0.3 yrs

Mike Reger

TITLE
Founder & Chairman Emeritus
COMPENSATION
$3M
AGE
43
TENURE
14.3 yrs

Chad Allen

TITLE
Chief Financial Officer
COMPENSATION
$571K
AGE
37
TENURE
0.3 yrs

Adam Dirlam

TITLE
Chief Operating Officer
COMPENSATION
$637K
AGE
35
TENURE
0.3 yrs

Erik Romslo

TITLE
Chief Legal Officer & Secretary
COMPENSATION
$1M
AGE
41
TENURE
8.5 yrs

Brandon Elliott

TITLE
Consultant
COMPENSATION
$1M
AGE
47
TENURE
0.3 yrs

Jim Evans

TITLE
Senior Vice President of Engineering
TENURE
0.3 yrs

Mike Kelly

TITLE
Executive Vice President of Finance
AGE
37
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Northern Oil and Gas board of directors in years:

3.3
Average Tenure
59
Average Age
  • The tenure for the Northern Oil and Gas board of directors is about average.
Board of Directors

Bahram Akradi

TITLE
Independent Chairman of the Board
COMPENSATION
$650K
AGE
58
TENURE
2.2 yrs

Mike Reger

TITLE
Founder & Chairman Emeritus
COMPENSATION
$3M
AGE
43
TENURE
3.3 yrs

Jack King

TITLE
Independent Director
COMPENSATION
$293K
AGE
67
TENURE
12.9 yrs

Lisa Meier

TITLE
Independent Director
COMPENSATION
$286K
AGE
46
TENURE
12.6 yrs

Robert Grabb

TITLE
Independent Director
COMPENSATION
$239K
AGE
67
TENURE
12.9 yrs

Michael Frantz

TITLE
Independent Director
COMPENSATION
$273K
AGE
34
TENURE
3.7 yrs

Mike Popejoy

TITLE
Independent Director
COMPENSATION
$234K
AGE
65
TENURE
3.3 yrs

Ernie Easley

TITLE
Independent Director
COMPENSATION
$163K
AGE
60
TENURE
1.8 yrs

Stuart Lasher

TITLE
Director
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Northern Oil and Gas individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
01. Apr 20 Buy Cresta Investments, LLC Company 30. Mar 20 01. Apr 20 801,879 €0.55 €435,614
26. Mar 20 Buy Stuart Lasher Individual 20. Mar 20 20. Mar 20 50,000 €0.70 €34,890
24. Mar 20 Buy Jack King Individual 20. Mar 20 20. Mar 20 20,000 €0.73 €14,517
23. Mar 20 Buy Bahram Akradi Individual 20. Mar 20 20. Mar 20 120,000 €0.70 €83,950
20. Mar 20 Buy Bahram Akradi Individual 18. Mar 20 19. Mar 20 500,000 €0.62 €289,304
18. Mar 20 Buy Cresta Investments, LLC Company 17. Mar 20 17. Mar 20 1,063,694 €0.72 €769,662
16. Mar 20 Buy Cresta Investments, LLC Company 12. Mar 20 16. Mar 20 583,863 €0.72 €415,333
10. Mar 20 Buy Cresta Investments, LLC Company 06. Mar 20 10. Mar 20 3,352,443 €1.09 €3,164,664
10. Mar 20 Buy Angelo, Gordon & Co., L.P. Company 06. Mar 20 06. Mar 20 1,299,712 €1.12 €1,456,757
02. Mar 20 Buy Cresta Investments, LLC Company 27. Feb 20 02. Mar 20 2,000,000 €1.25 €2,422,270
26. Feb 20 Buy TRT Holdings, Inc. Company 24. Feb 20 26. Feb 20 5,000,000 €1.37 €6,795,585
21. Feb 20 Buy Robert Rowling Individual 31. Jan 20 31. Jan 20 29,000 €1.53 €44,466
13. Feb 20 Buy Angelo, Gordon & Co., L.P. Company 24. Jan 20 27. Jan 20 588,000 €1.49 €860,869
04. Feb 20 Buy Robert Rowling Individual 31. Jan 20 31. Jan 20 29,000 €1.53 €44,466
30. Jan 20 Buy Robert Rowling Individual 28. Jan 20 30. Jan 20 3,364,000 €1.54 €5,106,320
22. Jan 20 Sell Angelo, Gordon & Co., L.P. Company 30. Dec 19 06. Jan 20 -3,016,300 €2.07 €-6,246,750
03. Sep 19 Buy Nicholas O'Grady Individual 06. Aug 19 06. Aug 19 25,000 €1.38 €34,612
30. Aug 19 Buy Angelo, Gordon & Co., L.P. Company 02. Aug 19 29. Aug 19 20,615,000 €1.75 €31,798,429
16. Aug 19 Buy TRT Holdings, Inc. Company 14. Aug 19 16. Aug 19 985,100 €1.44 €1,418,435
12. Aug 19 Buy Bahram Akradi Individual 08. Aug 19 08. Aug 19 213,201 €1.54 €328,073
08. Aug 19 Buy TRT Holdings, Inc. Company 06. Aug 19 07. Aug 19 1,508,382 €1.40 €2,079,981
09. Aug 19 Buy Adam Dirlam Individual 07. Aug 19 07. Aug 19 16,000 €1.39 €22,190
08. Aug 19 Buy Erik Romslo Individual 06. Aug 19 06. Aug 19 32,052 €1.39 €44,661
08. Aug 19 Buy Bahram Akradi Individual 06. Aug 19 07. Aug 19 1,337,588 €1.45 €1,907,066
20. Jun 19 Sell Brandon Elliott Individual 18. Jun 19 18. Jun 19 -100,000 €1.91 €-191,145
10. Jun 19 Buy Adam Dirlam Individual 06. Jun 19 06. Jun 19 12,755 €1.72 €21,897
06. Jun 19 Buy Roy Easley Individual 05. Jun 19 05. Jun 19 40,000 €1.75 €70,061
04. Jun 19 Buy Nicholas O'Grady Individual 31. May 19 31. May 19 50,000 €1.81 €90,607
03. Jun 19 Buy Michael Reger Individual 31. May 19 31. May 19 49,000 €1.83 €89,674
29. May 19 Buy Cresta Investments, LLC Company 24. May 19 28. May 19 1,000,060 €1.87 €1,841,597
28. May 19 Buy Nicholas O'Grady Individual 24. May 19 24. May 19 75,000 €1.80 €134,954
16. May 19 Buy Cresta Investments, LLC Company 14. May 19 16. May 19 1,000,000 €2.07 €1,996,538
16. May 19 Buy Michael Reger Individual 14. May 19 15. May 19 200,000 €1.99 €393,770
X
Management checks
We assess Northern Oil and Gas's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Northern Oil and Gas has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

4LT News

Simply Wall St News

4LT Company Info

Description

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. The company primarily holds interests in the Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana. As of December 31, 2019, it owned working interests in 6,156 gross producing wells; and had proved reserves of 163.3 million barrels of oil equivalent. The company is based in Minnetonka, Minnesota.

Details
Name: Northern Oil and Gas, Inc.
4LT
Exchange: DB
Founded:
$297,726,432
405,607,000
Website: http://www.northernoil.com
Address: Northern Oil and Gas, Inc.
601 Carlson Parkway,
Suite 990,
Minnetonka,
Minnesota, 55305,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX NOG Common Stock NYSE MKT LLC US USD 21. Feb 2006
DB 4LT Common Stock Deutsche Boerse AG DE EUR 21. Feb 2006
Number of employees
Current staff
Staff numbers
24
Northern Oil and Gas employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 00:07
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/03/12
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.