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S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
MarketBeat Week in Review – 5/22 - 5/26
Sell every Stock except ONE (Ad)
As Elizabeth Holmes heads to prison for fraud, many puzzle over her motives
New bill to build Athletics stadium on Las Vegas Strip caps Nevada's cost at $380 million
Sell every Stock except ONE (Ad)
Mechanical sails? Batteries? Shippers forming 'green corridors' to fast-track cleaner technologies
Baby eels remain one of America's most valuable fish after strong year in Maine
Sell every Stock except ONE (Ad)
Teen workers are in high demand for summer and commanding better pay
Biden, GOP reach tentative deal to raise debt ceiling, avoid calamitous US default
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
MarketBeat Week in Review – 5/22 - 5/26
Sell every Stock except ONE (Ad)
As Elizabeth Holmes heads to prison for fraud, many puzzle over her motives
New bill to build Athletics stadium on Las Vegas Strip caps Nevada's cost at $380 million
Sell every Stock except ONE (Ad)
Mechanical sails? Batteries? Shippers forming 'green corridors' to fast-track cleaner technologies
Baby eels remain one of America's most valuable fish after strong year in Maine
Sell every Stock except ONE (Ad)
Teen workers are in high demand for summer and commanding better pay
Biden, GOP reach tentative deal to raise debt ceiling, avoid calamitous US default
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
MarketBeat Week in Review – 5/22 - 5/26
Sell every Stock except ONE (Ad)
As Elizabeth Holmes heads to prison for fraud, many puzzle over her motives
New bill to build Athletics stadium on Las Vegas Strip caps Nevada's cost at $380 million
Sell every Stock except ONE (Ad)
Mechanical sails? Batteries? Shippers forming 'green corridors' to fast-track cleaner technologies
Baby eels remain one of America's most valuable fish after strong year in Maine
Sell every Stock except ONE (Ad)
Teen workers are in high demand for summer and commanding better pay
Biden, GOP reach tentative deal to raise debt ceiling, avoid calamitous US default

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

$30.99
-0.03 (-0.10%)
(As of 05/26/2023 ET)
Compare
Today's Range
$30.56
$31.21
50-Day Range
$26.77
$35.06
52-Week Range
$21.45
$39.10
Volume
1.43 million shs
Average Volume
1.89 million shs
Market Capitalization
$2.65 billion
P/E Ratio
2.05
Dividend Yield
4.39%
Price Target
$46.30

Northern Oil and Gas MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
49.4% Upside
$46.30 Price Target
Short Interest
Bearish
15.34% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.02mentions of Northern Oil and Gas in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.68%
From $7.75 to $8.50 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.68 out of 5 stars

Oils/Energy Sector

76th out of 250 stocks

Crude Petroleum & Natural Gas Industry

36th out of 80 stocks


NOG stock logo

About Northern Oil and Gas (NYSE:NOG) Stock

Northern Oil & Gas, Inc. engages in the acquisition, exploration, development, and production of crude oil and natural gas properties. It focuses on the Bakken and Three Forks formation within the Williston Basin in North Dakota and Montana. The company was founded on March 20, 2007 and is headquartered in Minnetonka, MN.

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NOG Stock News Headlines

"The $51 Billion Laser Revolution"
See how a new contract with the Pentagon could spark a 2,476% sales surge for a small laser firm >>>
"The $51 Billion Laser Revolution"
See how a new contract with the Pentagon could spark a 2,476% sales surge for a small laser firm >>>
Jefferies Keeps Their Buy Rating on Northern Oil And Gas (NOG)
NOG Announces Public Offering of Common Stock
Recap: Northern Oil & Gas Q1 Earnings
See More Headlines
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NOG Company Calendar

Ex-Dividend for 4/28 Dividend
3/29/2023
Dividend Payable
4/28/2023
Last Earnings
5/04/2023
Today
5/27/2023
Next Earnings (Estimated)
8/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
25
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$46.30
High Stock Price Forecast
$60.00
Low Stock Price Forecast
$35.00
Forecasted Upside/Downside
+49.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
7 Analysts

Profitability

Net Income
$773.24 million
Pretax Margin
60.53%

Debt

Sales & Book Value

Annual Sales
$1.57 billion
Cash Flow
$10.51 per share
Book Value
$12.28 per share

Miscellaneous

Free Float
82,632,000
Market Cap
$2.65 billion
Optionable
Optionable
Beta
2.02

Key Executives

  • Nicholas O'Grady
    Chief Executive Officer
  • Adam Dirlam
    President
  • Chad Allen
    Chief Financial & Accounting Officer
  • James Evans
    Chief Technical Officer
  • Evelyn Leon Infurna
    Vice President-Investor Relations













NOG Stock - Frequently Asked Questions

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

7 Wall Street 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 research analysts is that investors should "buy" NOG shares.
View NOG analyst ratings
or view top-rated stocks.

What is Northern Oil and Gas' stock price forecast for 2023?

7 Wall Street analysts have issued 12-month price objectives for Northern Oil and Gas' shares. Their NOG share price forecasts range from $35.00 to $60.00. On average, they predict the company's stock price to reach $46.30 in the next twelve months. This suggests a possible upside of 49.4% 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 2023?

Northern Oil and Gas' stock was trading at $30.82 at the beginning of the year. Since then, NOG stock has increased by 0.6% and is now trading at $30.99.
View the best growth stocks for 2023 here
.

Are investors shorting Northern Oil and Gas?

Northern Oil and Gas saw a decrease in short interest in the month of April. As of April 15th, there was short interest totaling 11,420,000 shares, a decrease of 14.0% from the March 31st total of 13,280,000 shares. Based on an average trading volume of 1,760,000 shares, the short-interest ratio is presently 6.5 days. Approximately 15.4% of the company's shares 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 Wednesday, August 2nd 2023.
View our NOG earnings forecast
.

How were Northern Oil and Gas' earnings last quarter?

Northern Oil and Gas, Inc. (NYSE:NOG) announced its quarterly earnings data on Thursday, May, 4th. The company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.54 by $0.22. The firm had revenue of $582.21 million for the quarter, compared to analyst estimates of $395.37 million. Northern Oil and Gas had a trailing twelve-month return on equity of 86.66% and a net margin of 60.39%. During the same quarter in the prior year, the firm posted $1.58 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 declared a quarterly dividend on Monday, May 1st. Shareholders 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 annualized dividend and a dividend yield of 4.78%. The ex-dividend date of this dividend is Wednesday, June 28th. This is an increase from the stock's previous quarterly dividend of $0.34.
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 $1.36 per share and currently has a dividend yield of 4.38%. 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 16.00% 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 shares 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).

What is Northern Oil and Gas' stock symbol?

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

Who are Northern Oil and Gas' major shareholders?

Northern Oil and Gas' stock is owned by a number of institutional and retail 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.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Northern Oil and Gas' stock price today?

One share of NOG stock can currently be purchased for approximately $30.99.

How much money does Northern Oil and Gas make?

Northern Oil and Gas (NYSE:NOG) has a market capitalization of $2.65 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.

How can I contact Northern Oil and Gas?

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.

This page (NYSE:NOG) was last updated on 5/27/2023 by MarketBeat.com Staff

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