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

$37.26
-0.64 (-1.69%)
(As of 10:15 AM ET)
Compare
Today's Range
$37.14
$37.77
50-Day Range
$35.45
$40.94
52-Week Range
$25.56
$43.64
Volume
92,941 shs
Average Volume
1.52 million shs
Market Capitalization
$3.75 billion
P/E Ratio
4.80
Dividend Yield
4.08%
Price Target
$50.33

Northern Oil and Gas MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
33.1% Upside
$50.33 Price Target
Short Interest
Bearish
8.91% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.25mentions of Northern Oil and Gas in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$1.60 M Sold Last Quarter
Proj. Earnings Growth
9.05%
From $6.96 to $7.59 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

50th out of 235 stocks

Crude Petroleum & Natural Gas Industry

28th out of 75 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

Northern Oil and Gas (NYSE:NOG) Price Target Raised to $54.00
Is This The Most Overlooked Gold Investment Strategy of 2024?
There is little debate on the potential of gold in the next year and decade. The real issue becomes - what's the best gold investment strategy today? Some investors are opting for a unique "royalty" alternative that outshines other options like holding gold bullion or investing in volatile mining stocks.
Is This The Most Overlooked Gold Investment Strategy of 2024?
There is little debate on the potential of gold in the next year and decade. The real issue becomes - what's the best gold investment strategy today? Some investors are opting for a unique "royalty" alternative that outshines other options like holding gold bullion or investing in volatile mining stocks.
Keep an Eye on 3 Oil Explorers Amid Elevated Crude Prices
NOG Increases Cash Dividend by 5% From Previous Quarter
Writing December Calls On Northern Oil & Gas
See More Headlines
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Company Calendar

Ex-Dividend for 10/31 Dividend
9/27/2023
Dividend Payable
10/31/2023
Last Earnings
11/02/2023
Today
12/04/2023
Ex-Dividend for 1/31 Dividend
12/27/2023
Fiscal Year End
12/31/2023
Dividend Payable
1/31/2024
Next Earnings (Estimated)
2/22/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
33
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$50.33
High Stock Price Target
$56.00
Low Stock Price Target
$44.00
Potential Upside/Downside
+32.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
9 Analysts

Profitability

Net Income
$773.24 million
Pretax Margin
40.05%

Debt

Sales & Book Value

Annual Sales
$1.57 billion
Cash Flow
$10.53 per share
Book Value
$9.57 per share

Miscellaneous

Free Float
96,890,000
Market Cap
$3.81 billion
Optionable
Optionable
Beta
1.83
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NOG Stock Analysis - Frequently Asked Questions

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

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.
View NOG analyst ratings
or view top-rated stocks.

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

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.
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 shares have increased by 22.7% and is now trading at $37.81.
View the best growth stocks for 2023 here
.

When is Northern Oil and Gas' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our NOG earnings forecast
.

How were Northern Oil and Gas' earnings last quarter?

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.

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 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
.

Is Northern Oil and Gas a good dividend stock?

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.

When did Northern Oil and Gas' stock split?

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.

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 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.
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.

This page (NYSE:NOG) was last updated on 12/4/2023 by MarketBeat.com Staff

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