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

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 equities research analysts have issued 12 month price objectives for Northern Oil and Gas' shares. Their NOG share price forecasts range from $46.00 to $56.00. On average, they predict the company's share price to reach $50.33 in the next year. This suggests a possible upside of 30.3% from the stock's current price.
View analysts price targets for NOG or view top-rated stocks among Wall Street analysts.

Northern Oil and Gas' stock was trading at $30.82 on January 1st, 2023. Since then, NOG stock has increased by 25.3% and is now trading at $38.62.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our NOG earnings forecast.

Northern Oil and Gas, Inc. (NYSE:NOG) posted its quarterly earnings data on Thursday, August, 3rd. The company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.35 by $0.14. The company had revenue of $476.60 million for the quarter, compared to analyst estimates of $414.01 million. Northern Oil and Gas had a net margin of 55.68% and a trailing twelve-month return on equity of 57.03%. Northern Oil and Gas's revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.72 EPS.

Northern Oil and Gas announced a quarterly dividend on Tuesday, August 1st. Investors of record on Thursday, September 28th will be paid a dividend of $0.38 per share on Tuesday, October 31st. This represents a $1.52 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend is Wednesday, September 27th. This is a boost from the stock's previous quarterly dividend of $0.37.
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 (NYSE:NOG) pays an annual dividend of $1.52 per share and currently has a dividend yield of 3.78%. 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 10.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NOG will have a dividend payout ratio of 17.97% 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 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."

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 $38.62.

Northern Oil and Gas (NYSE:NOG) has a market capitalization of $3.59 billion and generates $1.57 billion in revenue each year. The company earns $773.24 million in net income (profit) each year or $14.26 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.