What Is Northern Oil and Gas, Inc. (NOG) Worth in 2026?
According to the CirclFi Deep Alpha Valuation Engine, our multi-model framework produces a cautiously optimistic read on Northern Oil and Gas, Inc. at $20.35. With an estimated intrinsic value of $39.58 and 8 of 11 models pointing higher, the average implied return is +94.5%. The most optimistic model, CUCE, places fair value at $100.84 (+395.5%), while Dynamic NAV — the most conservative — estimates $1.89 (-90.7%). This +486.2% gap reflects genuine analytical uncertainty about Northern Oil and Gas, Inc.'s intrinsic worth.
What Do the Models Say About NOG?
11 of 13 models are currently active for NOG. Of these, 8 models suggest upside while 3 models suggest overvaluation. See which stocks rank higher →
How Does NOG Rank in Crude Petroleum & Natural Gas?
Among 80 Crude Petroleum & Natural Gas stocks, NOG ranks #36 by Quality of Company score. CirclFi's QOC score of 7.1/10 evaluates 32 fundamental signals. A score of 7.1 indicates above-average quality.
See all Most Undervalued Crude Petroleum & Natural Gas Stocks →
Northern Oil and Gas, Inc.'s positioning within the Crude Petroleum & Natural Gas segment means that debt-to-EBITDAX plays an outsized role in fundamental analysis. The sector's unique characteristics — including commodity price environment — shape both the opportunity set and risk profile.
Is NOG a Value Trap?
CirclFi's Value Trap algorithm assigns NOG a score of 6/100 (SAFE). This indicates minimal risk. Fundamentals are healthy. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →
Multi-Model Methodology
11 of 13 models are active for Northern Oil and Gas, Inc.. Broad coverage provides high confidence. Each model applies a fundamentally different valuation philosophy. See the complete methodology →
According to the CirclFi Deep Alpha Valuation Engine, Northern Oil and Gas, Inc. scores 7.1 out of 10 on our 32-signal quality assessment, a solid rating that maintains reasonable quality metrics with some areas for improvement. The QOC score synthesizes profitability margins, revenue growth reliability, debt management, and capital allocation into a single metric designed to separate durable businesses from statistically cheap ones.
The gap between the most bullish and bearish model spans +486.2% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →
Data Sources & Confidence
Every NOG valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →
Across NOG's 11 active models, average confidence is 37%. Lower confidence may reflect limited history or high volatility.
CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →
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