Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Northern Oil & Gas's share price for the quarter that ended in Mar. 2026 was €26.02. Northern Oil & Gas's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 106 Mil. Therefore, Northern Oil & Gas's market cap for the quarter that ended in Mar. 2026 was €2,753 Mil.
Northern Oil & Gas's quarterly market cap
increased
from Sep. 2025 (€0 Mil) to Dec. 2025 (€1,775 Mil) and
increased
from Dec. 2025 (€1,775 Mil) to Mar. 2026 (€2,753 Mil).
Northern Oil & Gas's annual market cap
stayed the same
from Dec. 2023 (€0 Mil) to Dec. 2024 (€0 Mil) but then
increased
from Dec. 2024 (€0 Mil) to Dec. 2025 (€1,775 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Northern Oil & Gas's Enterprise Value for Today is €3,923 Mil.
Northern Oil & Gas (HAM:4LT1) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Northern Oil & Gas Market Cap Related Terms
Northern Oil & Gas Market Cap Historical Data
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The historical data trend for Northern Oil & Gas's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Oil & Gas E&P subindustry, Northern Oil & Gas's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Northern Oil & Gas Market Cap vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Northern Oil & Gas's Market Cap distribution charts can be found below:
* The bar in red indicates where Northern Oil & Gas's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Northern Oil & Gas's Market Cap for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Northern Oil & Gas (HAM:4LT1) has a Market Cap of €1,715 Mil as of Jul. 05, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Northern Oil & Gas and its competitors. According to the industry distribution chart, Northern Oil & Gas ranks #242 out of 1043 companies in the Oil & Gas industry, placing it in the top 23.2%.
Is Northern Oil & Gas' Market Cap too high?
Northern Oil & Gas' current Market Cap is €1,715 Mil. Based on the distribution chart, Northern Oil & Gas ranks #242 out of 1043 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Northern Oil & Gas has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Northern Oil & Gas' Market Cap compare to MNR and TALO?
According to the Oil & Gas industry distribution chart, Northern Oil & Gas ranks #242 out of 1043 companies for Market Cap. This places Northern Oil & Gas in the top 23% of its industry — outperforming the majority of peers. The industry median Market Cap is 213.65. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for an Oil & Gas company?
The median Market Cap among Oil & Gas companies is 213.65, based on 1,043 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Northern Oil & Gas and its competitors. For the Oil & Gas industry, the median Market Cap is 213.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern Oil & Gas's current Market Cap is €1,715 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Oil & Gas stock overvalued right now?
Based on GuruFocus' analysis, Northern Oil & Gas (HAM:4LT1) is currently considered Possible Value Trap. The stock's GF Value™ is €27.79, compared to a current price of €15.76 — trading 43.3% below its estimated fair value. The current Market Cap is €1,715 Mil. Northern Oil & Gas' overall GF Score™ is 60/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Northern Oil & Gas (HAM:4LT1), the current Market Cap is €1,715 Mil as of Jul. 05, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Northern Oil & Gas (HAM:4LT1) Overvalued in 2026?
Based on GuruFocus' analysis, Northern Oil & Gas stock appears to be undervalued.
The current stock price of €15.76 is trading 43.3% below its estimated GF Value™ of €27.79.
GuruFocus considers Northern Oil & Gas to be Possible Value Trap.
Key valuation signals for HAM:4LT1:
Market Cap: €1,715 Mil
GF Value™: €27.79 vs. price of €15.76 (43.3% below fair value)
No single metric tells the full story. See the HAM:4LT1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northern Oil & Gas Inc is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and natural gas properties. Its principal business is crude oil and natural gas exploration, development, and production. The company's oil and natural gas sales come from three geographic areas in the United States: the Williston Basin (North Dakota and Montana), the Permian Basin (New Mexico and Texas), the Uinta Basin, and the Appalachian Basin (Pennsylvania and Ohio).
60GF Score
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