NOG NYSE
Credit Risk of going bust: higher than 67% of companies Debt: 47.3% of company value Bonds: $254.6M held by 225 funds, 325 bp over Treasuries → details ▾
If the stock fell to about $1.86 (down 93%), Northern Oil and Gas, Inc. would be worth roughly what it owes.
Total debt $2.72B against a stock market value of $3.03B.
Distance to default 3.62 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $1.36B (short-term plus half of long-term), stock volatility 45.4%; Altman Z'' -0.03. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
Minnetonka, MN 55343
US
Northern Oil and Gas, Inc. operates as an independent energy enterprise within the United States. The company's core business revolves around the entire lifecycle of crude oil and natural gas properties, from their acquisition and exploration to their development and eventual production. Its primary operations are concentrated in significant U.S. shale plays, namely the Williston, Appalachian, and Permian Basins. As of December 31, 2021, Northern Oil and Gas held active stakes in 7,436 total producing wells and reported proved reserves totaling 287,682 million barrels of oil equivalent (BOE). The company is headquartered in Minnetonka, Minnesota.
Recent Insider Trades
| Name | Type | Shares | Price | Date |
|---|---|---|---|---|
| Kimble William F | A-Award | 1,912 | — | 2026-09-30 |
| Frantz Michael A | A-Award | 1,912 | — | 2026-09-30 |
| Pomerantz Jennifer S | A-Award | 3,005 | — | 2026-09-30 |
| Lasher Stuart G. | A-Award | 1,912 | — | 2026-09-30 |
| Meier Lisa | A-Award | 1,912 | — | 2026-09-30 |