Northern Oil and Gas (NOG) Stock Price, News & Analysis

$42.67
+0.17 (+0.40%)
(As of 04/22/2024 ET)
Today's Range
$41.99
$43.05
50-Day Range
$32.78
$42.75
52-Week Range
$29.57
$43.64
Volume
1.91 million shs
Average Volume
1.31 million shs
Market Capitalization
$4.31 billion
P/E Ratio
4.25
Dividend Yield
3.75%
Price Target
$47.00

Northern Oil and Gas MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
10.1% Upside
$47.00 Price Target
Short Interest
Bearish
10.21% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.52mentions of Northern Oil and Gas in the last 14 days
Based on 27 Articles This Week
Insider Trading
Selling Shares
$436,614 Sold Last Quarter
Proj. Earnings Growth
18.05%
From $5.43 to $6.41 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.10 out of 5 stars

Oils/Energy Sector

50th out of 236 stocks

Crude Petroleum & Natural Gas Industry

19th out of 76 stocks

NOG stock logo

About Northern Oil and Gas Stock (NYSE:NOG)

Northern Oil and Gas, Inc., an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. It primarily holds interests in the Williston Basin, the Appalachian Basin, and the Permian Basin in the United States. The company is based in Minnetonka, Minnesota.

NOG Stock Price History

NOG Stock News Headlines

The A.I. story nobody is telling you (Read ASAP)
There's been a lot of buzz surrounding A.I. over the past year... Most of it is just hype and speculation. But there's one recent A.I. development you NEED to hear about...
StockNews.com Upgrades Northern Oil and Gas (NYSE:NOG) to Hold
The A.I. story nobody is telling you (Read ASAP)
There's been a lot of buzz surrounding A.I. over the past year... Most of it is just hype and speculation. But there's one recent A.I. development you NEED to hear about...
Northern Oil & Gas Inc
Navigating 12 Analyst Ratings For Northern Oil & Gas
NOG Publishes 2022 ESG Report
See More Headlines
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Company Calendar

Ex-Dividend for 1/31 Dividend
12/27/2023
Dividend Payable
1/31/2024
Last Earnings
2/23/2024
Ex-Dividend for 4/30 Dividend
3/27/2024
Today
4/22/2024
Dividend Payable
4/30/2024
Next Earnings (Confirmed)
4/30/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
38
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$47.00
High Stock Price Target
$55.00
Low Stock Price Target
$39.00
Potential Upside/Downside
+10.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
11 Analysts

Profitability

Net Income
$922.97 million
Pretax Margin
46.20%

Debt

Sales & Book Value

Annual Sales
$1.91 billion
Cash Flow
$10.97 per share
Book Value
$20.37 per share

Miscellaneous

Free Float
98,215,000
Market Cap
$4.31 billion
Optionable
Optionable
Beta
1.86
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NOG Stock Analysis - Frequently Asked Questions

Should I buy or sell Northern Oil and Gas stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Northern Oil and Gas in the last twelve months. There are currently 1 sell rating, 2 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NOG shares.
View NOG analyst ratings
or view top-rated stocks.

What is Northern Oil and Gas' stock price target for 2024?

11 Wall Street research analysts have issued twelve-month price targets for Northern Oil and Gas' stock. Their NOG share price targets range from $39.00 to $55.00. On average, they anticipate the company's share price to reach $47.00 in the next year. This suggests a possible upside of 10.1% from the stock's current price.
View analysts price targets for NOG
or view top-rated stocks among Wall Street analysts.

How have NOG shares performed in 2024?

Northern Oil and Gas' stock was trading at $37.07 at the beginning of 2024. Since then, NOG stock has increased by 15.1% and is now trading at $42.67.
View the best growth stocks for 2024 here
.

Are investors shorting Northern Oil and Gas?

Northern Oil and Gas saw a decrease in short interest during the month of March. As of March 15th, there was short interest totaling 8,680,000 shares, a decrease of 20.7% from the February 29th total of 10,950,000 shares. Based on an average daily volume of 1,220,000 shares, the short-interest ratio is currently 7.1 days. Approximately 9.3% of the company's stock are sold short.
View Northern Oil and Gas' Short Interest
.

When is Northern Oil and Gas' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our NOG earnings forecast
.

How can I listen to Northern Oil and Gas' earnings call?

Northern Oil and Gas will be holding an earnings conference call on Tuesday, April 30th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 609-800-9909 with passcode "9661789".

How were Northern Oil and Gas' earnings last quarter?

Northern Oil and Gas, Inc. (NYSE:NOG) posted its earnings results on Friday, February, 23rd. The company reported $1.61 earnings per share for the quarter, missing analysts' consensus estimates of $1.64 by $0.03. The firm earned $543.40 million during the quarter, compared to analyst estimates of $555.31 million. Northern Oil and Gas had a trailing twelve-month return on equity of 40.86% and a net margin of 42.61%. The company's quarterly revenue was up 21.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.43 earnings per share.

How often does Northern Oil and Gas pay dividends? What is the dividend yield for Northern Oil and Gas?

Northern Oil and Gas announced a quarterly dividend on Tuesday, February 6th. Investors of record on Thursday, March 28th will be given a dividend of $0.40 per share on Tuesday, April 30th. This represents a $1.60 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Wednesday, March 27th.
Read our dividend analysis for NOG
.

Is Northern Oil and Gas a good dividend stock?

Northern Oil and Gas (NYSE:NOG) pays an annual dividend of $1.60 per share and currently has a dividend yield of 3.76%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 15.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NOG will have a dividend payout ratio of 24.96% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NOG.

When did Northern Oil and Gas' stock split?

Northern Oil and Gas's stock reverse split before market open on Monday, September 21st 2020. The 1-10 reverse split was announced on Wednesday, September 2nd 2020. The number of shares owned by shareholders was adjusted after the closing bell on Friday, September 18th 2020. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

What other stocks do shareholders of Northern Oil and Gas own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Northern Oil and Gas investors own include Intel (INTC), Hello Group (MOMO), ONEOK (OKE), Pfizer (PFE), Valero Energy (VLO), CrowdStrike (CRWD), DocuSign (DOCU), Broadcom (AVGO), Delta Air Lines (DAL) and Datadog (DDOG).

Who are Northern Oil and Gas' major shareholders?

Northern Oil and Gas' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (1.42%), Tributary Capital Management LLC (0.54%), Raymond James & Associates (0.39%), Silverleafe Capital Partners LLC (0.16%), Raymond James Financial Services Advisors Inc. (0.09%) and State of Alaska Department of Revenue (0.06%). Insiders that own company stock include Adam A Dirlam, Bahram Akradi, Chad W Allen, Cresta Greenwood, Llc, Erik J Romslo, James B Evans, Lisa Meier, Michael D Kelly, Nicholas L O'grady and Robert B Rowling.
View institutional ownership trends
.

How do I buy shares of Northern Oil and Gas?

Shares of NOG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:NOG) was last updated on 4/23/2024 by MarketBeat.com Staff

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