Northern Oil and Gas [NOG] vs Canadian Natural [CNQ] Detailed Stock Comparison
TLDR: Quick Comparison Summary
Based on 21 vital metrics comparison: Northern Oil and Gas Inc. wins in 10 metrics, Canadian Natural Resources Limited wins in 10 metrics, with 0 ties. Both stocks appear equally matched on key metrics.
View Metrics Details
Vital Metrics Comparison
| Metric | Northern Oil and Gas Inc. | Canadian Natural Resources Limited | Better |
|---|---|---|---|
| P/E Ratio (TTM) | 68.97 | 12.02 | Canadian Natural Resources Limited |
| Price-to-Book Ratio | 1.22 | 2.91 | Northern Oil and Gas Inc. |
| Debt-to-Equity Ratio | 112.65 | 44.46 | Canadian Natural Resources Limited |
| PEG Ratio | -0.34 | 0.03 | Canadian Natural Resources Limited |
| EV/EBITDA | 2.78 | 7.19 | Northern Oil and Gas Inc. |
| Profit Margin (TTM) | 1.97% | 27.91% | Canadian Natural Resources Limited |
| Operating Margin (TTM) | 56.07% | 19.56% | Northern Oil and Gas Inc. |
| EBITDA Margin (TTM) | 56.07% | 19.56% | Northern Oil and Gas Inc. |
| Return on Equity | 1.74% | 25.81% | Canadian Natural Resources Limited |
| Return on Assets (TTM) | 11.23% | 5.76% | Northern Oil and Gas Inc. |
| Free Cash Flow (TTM) | $252.83M | $8.32B | Canadian Natural Resources Limited |
| Dividend Yield | 8.38% | 1.82% | Northern Oil and Gas Inc. |
| 1-Year Return | -35.35% | 34.10% | Canadian Natural Resources Limited |
| Price-to-Sales Ratio (TTM) | 1.45 | 2.45 | Northern Oil and Gas Inc. |
| Enterprise Value | $4.99B | $83.23B | Canadian Natural Resources Limited |
| EV/Revenue Ratio | 2.54 | 2.94 | Northern Oil and Gas Inc. |
| Gross Profit Margin (TTM) | 21.28% | 19.99% | Northern Oil and Gas Inc. |
| Revenue per Share (TTM) | $20 | $19 | Northern Oil and Gas Inc. |
| Earnings per Share (Diluted) | $0.39 | $3.78 | Canadian Natural Resources Limited |
| Beta (Stock Volatility) | 0.96 | 0.93 | Canadian Natural Resources Limited |
| Short % of Float | 19.65% | N/A | N/A |
Northern Oil and Gas Inc. vs Canadian Natural Resources Limited Stock Performance Analysis
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Performance Comparison
Short-term Returns
| Stock | 1D | 1W | 1M | 3M | 6M | YTD |
|---|---|---|---|---|---|---|
| Northern Oil and Gas Inc. | -3.99% | -7.21% | -18.30% | -27.15% | -11.68% | -9.31% |
| Canadian Natural Resources Limited | -2.85% | -4.93% | -8.27% | -9.80% | 35.75% | 28.23% |
Long-term Returns
| Stock | 1Y | 3Y | 5Y | 10Y | 15Y | 20Y |
|---|---|---|---|---|---|---|
| Northern Oil and Gas Inc. | -35.35% | -37.57% | 9.08% | -57.40% | -88.49% | -31.39% |
| Canadian Natural Resources Limited | 34.10% | 64.73% | 168.84% | 214.58% | 138.30% | 281.31% |
Performance & Financial Health Analysis: Northern Oil and Gas Inc. vs Canadian Natural Resources Limited
| Metric | NOG | CNQ |
|---|---|---|
| Market Information | ||
| Market Cap | $2.85B | $94.80B |
| Market Cap Category | Mid cap | Large cap |
| 10 Day Avg. Volume | 2,291,131 | 8,835,448 |
| 90 Day Avg. Volume | 2,778,915 | 12,093,306 |
| Last Close | $19.96 | $44.01 |
| 52 Week Range | $19.64 - $32.27 | $29.30 - $51.34 |
| % from 52W High | -38.15% | -14.28% |
| All-Time High | $339.80 (Mar 07, 2011) | $51.34 (Mar 19, 2026) |
| % from All-Time High | -94.13% | -14.28% |
| Growth Metrics | ||
| Quarterly Revenue Growth | -0.17% | 0.02% |
| Quarterly Earnings Growth | -0.18% | 3.66% |
| Financial Health | ||
| Profit Margin (TTM) | 0.02% | 0.28% |
| Operating Margin (TTM) | 0.56% | 0.20% |
| Return on Equity (TTM) | 0.02% | 0.26% |
| Debt to Equity (MRQ) | 112.65 | 44.46 |
| Cash & Liquidity | ||
| Book Value per Share (MRQ) | $21.97 | $15.59 |
| Cash per Share (MRQ) | $0.15 | $0.32 |
| Operating Cash Flow (TTM) | $1.51B | $11.05B |
| Levered Free Cash Flow (TTM) | $5.99M | $4.70B |
| Dividends | ||
| Last 12-Month Dividend Yield | 8.38% | 1.82% |
| Last 12-Month Dividend | $1.80 | $0.89 |
Valuation & Enterprise Metrics Analysis: Northern Oil and Gas Inc. vs Canadian Natural Resources Limited
| Metric | NOG (Apr 24, 2026) | CNQ (Apr 24, 2026) |
|---|---|---|
| Price Ratios | ||
| P/E Ratio (TTM) | 68.97 | 12.02 |
| Forward P/E | 6.51 | 13.21 |
| PEG Ratio | -0.34 | 0.03 |
| Price to Sales (TTM) | 1.45 | 2.45 |
| Price to Book (MRQ) | 1.22 | 2.91 |
| Market Capitalization | ||
| Market Capitalization | $2.85B | $94.80B |
| Enterprise Value | $4.99B | $83.23B |
| Enterprise Value Metrics | ||
| Enterprise to Revenue | 2.54 | 2.94 |
| Enterprise to EBITDA | 2.78 | 7.19 |
| Risk & Other Metrics | ||
| Beta | 0.96 | 0.93 |
| Book Value per Share (MRQ) | $21.97 | $15.59 |
Financial Statements Comparison: Northern Oil and Gas Inc. vs Canadian Natural Resources Limited
Financial Metrics
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Revenue
Operating Margin
Profit Margin
Long Term Debt
Income Flow Analysis
Financial Statements Comparison
Income Statement
| Metric | NOG (2025) | CNQ (2025) |
|---|---|---|
| Revenue/Sales | 2.10B | 44.17B |
| Cost of Goods Sold | 1.42B | 34.77B |
| COGS % of Revenue | 67.8% | 78.7% |
| Gross Profit | 675.20M | 9.40B |
| Gross Margin | 32.2% | 21.3% |
| Research & Development | N/A | N/A |
| Operating Income (EBIT) | 601.02M | 8.23B |
| Operating Margin | 28.7% | 18.6% |
| EBITDA | 1.42B | 16.04B |
| EBITDA Margin | 67.6% | 36.3% |
| Pre-Tax Income | 62.71M | 13.24B |
| Pre-Tax Income % of Revenue | 3.0% | 30.0% |
| Income Tax | 23.94M | 2.42B |
| Income Tax % of Revenue | 1.1% | 5.5% |
| Net Income (Profit) | 38.76M | 10.82B |
| Profit Margin | 1.9% | 24.5% |
Balance Sheet & Liquidity Metrics
| Metric | NOG (2025) | CNQ (2025) |
|---|---|---|
| Cash & Equivalents | 14.30M | 673.00M |
| Total Current Assets | 586.03M | 7.66B |
| Total Current Assets % of Revenue | 28.0% | 17.4% |
| Total Current Liabilities | 539.29M | 8.06B |
| Total Current Liabilities % of Revenue | 25.7% | 18.3% |
| Long-Term Debt | 2.40B | 16.18B |
| Long-Term Debt % of Revenue | 114.3% | 36.6% |
| Total Shareholders Equity | 2.13B | 44.37B |
| Retained Earnings | 481.28M | 32.73B |
| Retained Earnings % of Revenue | 23.0% | 74.1% |
| Property, Plant & Equipment | 3.20M | 3.00B |
Cash Flow Statement Comparison
| Metric | NOG (2025) | CNQ (2025) |
|---|---|---|
| Operating Cash Flow | 975.03M | 15.13B |
| Operating Cash Flow % of Revenue | 46.5% | 34.3% |
| Capital Expenditures | -1.25B | -115.00M |
| Free Cash Flow | 252.83M | 8.32B |
| FCF Margin | 12.1% | 18.8% |
| Debt Repayment | -1.28B | -3.46B |
| Common Stock Repurchase | -57.01M | -1.45B |
Short Interest & Institutional Ownership Analysis
| Metric | NOG | CNQ |
|---|---|---|
| Shares Short | 17.46M | 147.65M |
| Short Ratio | 5.10 | 7.61 |
| Short % of Float | 19.65% | N/A |
| Shares Outstanding | 97.27M | 2.08B |
| Float Shares | 94.01M | 2.04B |
| % Held by Insiders | 3.01% | 2.17% |
| % Held by Institutions | 105.08% | 74.50% |
| % Held by Public | -8.09% | 23.33% |
Dividend Analysis & Yield Comparison: Northern Oil and Gas Inc. vs Canadian Natural Resources Limited
| Metric | NOG | CNQ |
|---|---|---|
| Last 12-Month Dividend | $1.80 | $0.89 |
| Last 12-Month Dividend Yield | 8.38% | 1.82% |
| 3-Year Avg Annual Dividend | $1.64 | $1.77 |
| 3-Year Avg Dividend Yield | 1.32% | 1.62% |
| 3-Year Total Dividends | $4.93 | $5.32 |
| Ex-Dividend Date | Dec 30, 2025 | Mar 20, 2026 |