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

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Northern Oil and Gas in the last year. There are currently 1 hold rating, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NOG shares.
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7 Wall Street analysts have issued 12 month target prices for Northern Oil and Gas' shares. Their NOG share price forecasts range from $35.00 to $60.00. On average, they anticipate the company's stock price to reach $46.20 in the next year. This suggests a possible upside of 44.5% from the stock's current price.
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Northern Oil and Gas' stock was trading at $30.82 at the start of the year. Since then, NOG stock has increased by 3.7% and is now trading at $31.97.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
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Northern Oil and Gas, Inc. (NYSE:NOG) posted its earnings results on Thursday, May, 4th. The company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.54 by $0.22. The company earned $582.21 million during the quarter, compared to the consensus estimate of $395.37 million. Northern Oil and Gas had a net margin of 60.39% and a trailing twelve-month return on equity of 86.66%. During the same period last year, the firm posted $1.58 EPS.

Northern Oil and Gas declared a quarterly dividend on Monday, May 1st. Stockholders of record on Thursday, June 29th will be paid a dividend of $0.37 per share on Monday, July 31st. This represents a $1.48 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date of this dividend is Wednesday, June 28th. This is a positive change from the stock's previous quarterly dividend of $0.34.
Read our dividend analysis for NOG.

ETFs with the largest weight of Northern Oil and Gas (NYSE:NOG) stock in their portfolio include Invesco S&P SmallCap Energy ETF (PSCE), The Acquirers Fund (ZIG), Motley Fool Small-Cap Growth ETF (TMFS), MFAM Small-Cap Growth ETF (MFMS), Invesco DWA Energy Momentum ETF (PXI), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Nuveen Small Cap Select ETF (NSCS) and Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH).

Northern Oil and Gas (NYSE:NOG) pays an annual dividend of $1.36 per share and currently has a dividend yield of 4.33%. NOG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 8.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NOG will have a dividend payout ratio of 16.06% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NOG.

Shares of Northern Oil and Gas 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.

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).

Northern Oil and Gas trades on the New York Stock Exchange (NYSE) under the ticker symbol "NOG."

Northern Oil and Gas' stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (12.79%), FMR LLC (7.97%), State Street Corp (5.29%), Copeland Capital Management LLC (2.85%), Ameriprise Financial Inc. (2.29%) and Geode Capital Management LLC (1.54%). Insiders that own company stock include Adam A Dirlam, Bahram Akradi, Chad W Allen, Cresta Greenwood, Llc, Erik J Romslo, Lisa Meier, Michael D Kelly and Robert B Rowling.
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Shares of NOG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NOG stock can currently be purchased for approximately $31.97.

Northern Oil and Gas (NYSE:NOG) has a market capitalization of $2.73 billion and generates $1.57 billion in revenue each year. The company earns $773.24 million in net income (profit) each year or $15.12 on an earnings per share basis.

Northern Oil and Gas' mailing address is 4350 Baker Road Suite 400, MINNETONKA MN, 55343. The official website for the company is www.northernoil.com. The company can be reached via phone at (952) 476-9800, via email at ir@northernoil.com, or via fax at 952-476-9801.