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.

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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

Stock1D1W1M3M6MYTD
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

Stock1Y3Y5Y10Y15Y20Y
Northern Oil and Gas Inc.-35.35%-37.57%9.08%-57.40%-88.49%-31.39%
Canadian Natural Resources Limited34.10%64.73%168.84%214.58%138.30%281.31%

Performance & Financial Health Analysis: Northern Oil and Gas Inc. vs Canadian Natural Resources Limited

MetricNOGCNQ
Market Information
Market Cap i$2.85B$94.80B
Market Cap CategoryMid capLarge cap
10 Day Avg. Volume i2,291,1318,835,448
90 Day Avg. Volume i2,778,91512,093,306
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) i0.02%0.28%
Operating Margin (TTM) i0.56%0.20%
Return on Equity (TTM) i0.02%0.26%
Debt to Equity (MRQ) i112.6544.46
Cash & Liquidity
Book Value per Share (MRQ)$21.97$15.59
Cash per Share (MRQ)$0.15$0.32
Operating Cash Flow (TTM) i$1.51B$11.05B
Levered Free Cash Flow (TTM) i$5.99M$4.70B
Dividends
Last 12-Month Dividend Yield i8.38%1.82%
Last 12-Month Dividend i$1.80$0.89

Valuation & Enterprise Metrics Analysis: Northern Oil and Gas Inc. vs Canadian Natural Resources Limited

MetricNOG (Apr 24, 2026)CNQ (Apr 24, 2026)
Price Ratios
P/E Ratio (TTM) i68.9712.02
Forward P/E i6.5113.21
PEG Ratio i-0.340.03
Price to Sales (TTM) i1.452.45
Price to Book (MRQ) i1.222.91
Market Capitalization
Market Capitalization i$2.85B$94.80B
Enterprise Value i$4.99B$83.23B
Enterprise Value Metrics
Enterprise to Revenue i2.542.94
Enterprise to EBITDA i2.787.19
Risk & Other Metrics
Beta i0.960.93
Book Value per Share (MRQ) i$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

MetricNOG (2025)CNQ (2025)
Revenue/Sales i2.10B44.17B
Cost of Goods Sold i1.42B34.77B
COGS % of Revenue i67.8%78.7%
Gross Profit i675.20M9.40B
Gross Margin i32.2%21.3%
Research & Development iN/AN/A
Operating Income (EBIT) i601.02M8.23B
Operating Margin i28.7%18.6%
EBITDA i1.42B16.04B
EBITDA Margin i67.6%36.3%
Pre-Tax Income i62.71M13.24B
Pre-Tax Income % of Revenue i3.0%30.0%
Income Tax i23.94M2.42B
Income Tax % of Revenue i1.1%5.5%
Net Income (Profit) i38.76M10.82B
Profit Margin i1.9%24.5%

Balance Sheet & Liquidity Metrics

MetricNOG (2025)CNQ (2025)
Cash & Equivalents i14.30M673.00M
Total Current Assets i586.03M7.66B
Total Current Assets % of Revenue i28.0%17.4%
Total Current Liabilities i539.29M8.06B
Total Current Liabilities % of Revenue i25.7%18.3%
Long-Term Debt i2.40B16.18B
Long-Term Debt % of Revenue i114.3%36.6%
Total Shareholders Equity i2.13B44.37B
Retained Earnings i481.28M32.73B
Retained Earnings % of Revenue i23.0%74.1%
Property, Plant & Equipment i3.20M3.00B

Cash Flow Statement Comparison

MetricNOG (2025)CNQ (2025)
Operating Cash Flow i975.03M15.13B
Operating Cash Flow % of Revenue i46.5%34.3%
Capital Expenditures i-1.25B-115.00M
Free Cash Flow i252.83M8.32B
FCF Margin i12.1%18.8%
Debt Repayment i-1.28B-3.46B
Common Stock Repurchase i-57.01M-1.45B

Short Interest & Institutional Ownership Analysis

MetricNOGCNQ
Shares Short i17.46M147.65M
Short Ratio i5.107.61
Short % of Float i19.65%N/A
Shares Outstanding i97.27M2.08B
Float Shares i94.01M2.04B
% Held by Insiders i3.01%2.17%
% Held by Institutions i105.08%74.50%
% Held by Public i-8.09%23.33%

Dividend Analysis & Yield Comparison: Northern Oil and Gas Inc. vs Canadian Natural Resources Limited

MetricNOGCNQ
Last 12-Month Dividend i$1.80$0.89
Last 12-Month Dividend Yield i8.38%1.82%
3-Year Avg Annual Dividend i$1.64$1.77
3-Year Avg Dividend Yield i1.32%1.62%
3-Year Total Dividends i$4.93$5.32
Ex-Dividend DateDec 30, 2025Mar 20, 2026