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

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Northern Oil and Gas in the last twelve months. There are currently 1 hold rating, 7 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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9 Wall Street analysts have issued 12-month price objectives for Northern Oil and Gas' shares. Their NOG share price targets range from $44.00 to $56.00. On average, they anticipate the company's share price to reach $50.33 in the next twelve months. This suggests a possible upside of 33.1% from the stock's current price.
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Northern Oil and Gas' stock was trading at $30.82 at the beginning of the year. Since then, NOG shares have increased by 22.7% and is now trading at $37.81.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
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Northern Oil and Gas, Inc. (NYSE:NOG) issued its quarterly earnings results on Thursday, November, 2nd. The company reported $1.73 earnings per share for the quarter, missing the consensus estimate of $1.76 by $0.03. The firm earned $313.97 million during the quarter, compared to analysts' expectations of $503.98 million. Northern Oil and Gas had a trailing twelve-month return on equity of 49.08% and a net margin of 38.96%. During the same period in the previous year, the firm earned $1.80 EPS.

Northern Oil and Gas announced a quarterly dividend on Monday, October 30th. Stockholders of record on Thursday, December 28th will be given a dividend of $0.40 per share on Wednesday, January 31st. This represents a $1.60 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend is Wednesday, December 27th. This is an increase from the stock's previous quarterly dividend of $0.38.
Read our dividend analysis for NOG.

Northern Oil and Gas (NYSE:NOG) pays an annual dividend of $1.52 per share and currently has a dividend yield of 4.01%. 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 19.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NOG will have a dividend payout ratio of 20.03% next year. This indicates that the company will be able to sustain or increase its dividend.
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), Motley Fool Small-Cap Growth ETF (TMFS), MFAM Small-Cap Growth ETF (MFMS), Invesco Dorsey Wright Energy Momentum ETF (PXI), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Nuveen Small Cap Select ETF (NSCS), Innovator IBD Breakout Opportunities ETF (BOUT) and First Trust Natural Gas ETF (FCG).

Northern Oil and Gas's stock reverse split on the morning of 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 market closes 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' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include FMR LLC (6.83%), Invesco Ltd. (3.77%), American Century Companies Inc. (2.55%), Copeland Capital Management LLC (2.39%), Adage Capital Partners GP L.L.C. (1.44%) and Westfield Capital Management Co. LP (1.40%). 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.
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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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