Northern Oil And Gas Inc ( NOG ) shares are trading lower in Wednesday’s after-hours session after the company announced a proposed public offering of common stock.

Northern Oil & Gas stock is showing notable weakness. What’s weighing on NOG shares?

Northern Oil and Gas Proposes Offering

After the market close on Wednesday, Northern Oil and Gas ( NOG ) announced it commenced an underwritten public offering of $200 million of its common stock. The company plans to grant the underwriters a 30-day window to buy up to an additional $30 million of common stock.

Northern Oil and Gas ( NOG ) plans to use the net proceeds for general corporate purposes, including the repayment of some outstanding borrowings under its revolving credit facility.

Northern Oil and Gas ( NOG ) had approximately $14.3 million in cash and cash equivalents and approximately $2.40 billion in total long-term debt as of Dec. 31, 2025.

NOG Shares Slide After The Close

NOG Price Action: Northern Oil and Gas ( NOG ) shares were down 2.03% in after hours, trading at $28 at the time of publication Wednesday, according to Benzinga Pro.

Image: Shutterstock.com