Northern Oil and Gas, Inc.

Northern Oil and Gas, Inc.verified

NOG

Price:

$36.1

Market Cap:

$3.60B

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 Williston Basin, the Appalachian Basin, and the Permian Basin in the United States. As of December 31, 2021, it owned working interests in 7,436 gross producing wells; and had proved reserves of 287,682 million barrels of oil equivalent. The company is based in Minnetonka, Minnesota.[Read more]

Industry

Oil & Gas Exploration & Production

IPO Date

2007-04-13

Stock Exchange

NYSE

Ticker

NOG

The Current Ratio as of December 2024 (TTM) for Northern Oil and Gas, Inc. (NOG) is 1.23

According to Northern Oil and Gas, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.23. This represents a change of 12.04% compared to the average of 1.10 of the last 4 quarters.

Northern Oil and Gas, Inc. (NOG) Historical Current Ratio (quarterly & annually)

How has NOG Current Ratio performed in the past?

The mean historical Current Ratio of Northern Oil and Gas, Inc. over the last ten years is 0.95. The current 1.23 Current Ratio has changed 12.87% with respect to the historical average. Over the past ten years (40 quarters), NOG's Current Ratio was at its highest in in the June 2018 quarter at 1.75. The Current Ratio was at its lowest in in the September 2017 quarter at 0.20.

Quarterly (TTM)
Annual

Average

0.95

Median

0.86

Minimum

0.61

Maximum

1.65

Northern Oil and Gas, Inc. (NOG) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Northern Oil and Gas, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 108.50%

Maximum Annual Current Ratio = 1.65

Minimum Annual Increase = -63.28%

Minimum Annual Current Ratio = 0.61

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.3242.14%
20220.9341.32%
20210.66-4.52%
20200.695.30%
20190.65-33.73%
20180.99-20.19%
20171.24104.15%
20160.61-63.28%
20151.65108.50%
20140.7947.05%

Northern Oil and Gas, Inc. (NOG) Average Current Ratio

How has NOG Current Ratio performed in the past?

The current Current Ratio of Northern Oil and Gas, Inc. (NOG) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

0.97

5-year avg

0.85

10-year avg

0.95

Northern Oil and Gas, Inc. (NOG) Current Ratio vs. Peers

How is NOG’s Current Ratio compared to its peers?

Northern Oil and Gas, Inc.’s Current Ratio is greater than Earthstone Energy, Inc. (0.47), greater than Vital Energy, Inc. (0.67), greater than Comstock Resources, Inc. (0.60), less than Magnolia Oil & Gas Corporation (1.47), greater than Obsidian Energy Ltd. (0.45), greater than Matador Resources Company (0.88), greater than Murphy Oil Corporation (0.71), greater than Civitas Resources, Inc. (0.45), greater than SilverBow Resources, Inc. (0.63), greater than Chord Energy Corporation (0.93), greater than PDC Energy, Inc. (0.42), greater than Callon Petroleum Company (0.39), greater than Permian Resources Corporation (0.68), greater than Antero Resources Corporation (0.28), less than Epsilon Energy Ltd. (2.02), less than VAALCO Energy, Inc. (1.34), less than PHX Minerals Inc. (3.19),

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