What is NOG's dilution risk score?

NOG currently has a DilutionScore of 27/100, indicating medium dilution risk. DilutionWatch monitors NOG SEC filings in real-time, scanning EDGAR every 60 seconds for shelf registrations, ATM offerings, warrant exercises, PIPE deals, and reverse split signals.

What SEC filings does DilutionWatch track for NOG?

DilutionWatch tracks 25 SEC filing types for NOG including S-3 shelf registrations, 424B prospectuses (ATM offerings), S-1 registration statements, 8-K material events, warrant exercise notices, convertible note agreements, and Form 4 insider transactions. Alerts are delivered via email within minutes of a filing appearing on EDGAR.

How does stock dilution affect NOG shareholders?

Stock dilution occurs when a company issues new shares, reducing the ownership percentage of existing shareholders. For NOG, common dilution events include at-the-market (ATM) stock offerings, shelf registration drawdowns, warrant exercises, and convertible note conversions. Each event increases the share count and can pressure the stock price lower.

Is DilutionWatch free for NOG tracking?

DilutionWatch provides a free tier that shows DilutionScores and basic filing history for NOG. Premium plans ($19.95/month Basic, $39.95/month Premium) unlock real-time email alerts, the full Pulse™ feed, advanced dilution forecasts, and access to all 10,000+ tracked tickers.

NOG Dilution Risk Score: 27/100 (MEDIUM)

📊 Score Breakdown

📋 Offering Ability

40

💰 Cash Runway

0

📊 Float Risk

7

⚠️ Warrant Exposure

15

🔄Convertible Debt—

🌦️ Dilution Forecast

☀️

Clear

No significant dilution signals

13%

💰 Capital Raise 18%

• Active ATM program with $226M remaining capacity

🔁 Convertible Conversion 15%

• Convertible debt present: 8.7% potential dilution

🔔 Track NOG — Get forecast alerts →

💹 Market Data

Market Cap$2.30B

Shares Outstanding105.79M

Float102.26M

Cash$37.04M

Debt$803.44M

Short InterestN/A

🏛 Institutional Holdings

QoQ: ↑ 15.0% shares (2026Q1 vs prior)

361 institutional holders · 133.20M shares

#1 BlackRock, Inc. 15.72M shares

#2 VANGUARD CAPITAL MANAGEMENT LLC 9.01M shares

#3 AMERICAN CENTURY COMPANIES INC 7.97M shares

+ 17 more holders Sign up free to view →

📉 Short Interest

Short Interest21.00M

Days to Cover5.0

% of Float20.5%

FINRA data as of Jun 30, 2026

👤 Insider Buy/Sell Ratio

📁 Recent SEC Activity

xbrl XBRL CONVERTIBLE Sep 30, 2025

xbrl XBRL WARRANT Dec 31, 2024

4 INSIDER TRANSACTION Apr 01, 2026

Full SEC filing analysis available with free account →

📰 Recent News

No recent news

📋 What This Means for NOG Shareholders

Northern Oil and Gas, Inc. (NOG) has a DilutionScore of 27/100, rated Medium dilution risk. This tier indicates some dilution exposure — often an older shelf registration with remaining capacity, warrants not yet exercised, or a cash position that will require monitoring over the next several quarters. Score as of July 14, 2026.

NOG has an active ATM (at-the-market) program with $225.9M remaining capacity. ATM programs allow companies to sell shares continuously into the open market through a broker-dealer — without announcing a secondary offering. This creates a silent but steady source of share dilution that shows up in quarterly share count increases rather than a discrete offering event.

DilutionWatch tracks over 25 SEC filing types for NOG in real-time, scanning EDGAR every 60 seconds. The DilutionWatch screener shows real-time score changes for NOG alongside comparable medium-risk stocks. Not financial advice — this analysis is for informational purposes only.

How ATM Offerings Work →