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West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
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S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Better Than Oil Stocks (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
How to profit from the new boom in gold (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
A sudden and dramatic change is coming to US bank accounts. (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Better Than Oil Stocks (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
How to profit from the new boom in gold (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
A sudden and dramatic change is coming to US bank accounts. (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Better Than Oil Stocks (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
How to profit from the new boom in gold (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
A sudden and dramatic change is coming to US bank accounts. (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture

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

$34.59
-0.02 (-0.06%)
(As of 02/23/2024 ET)
Today's Range
$33.86
$35.19
50-Day Range
$31.72
$38.80
52-Week Range
$25.56
$43.64
Volume
1.92 million shs
Average Volume
1.15 million shs
Market Capitalization
$3.48 billion
P/E Ratio
3.45
Dividend Yield
4.63%
Price Target
$47.00

Northern Oil and Gas MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
35.9% Upside
$47.00 Price Target
Short Interest
Bearish
10.35% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.18mentions of Northern Oil and Gas in the last 14 days
Based on 39 Articles This Week
Insider Trading
Selling Shares
$209,680 Sold Last Quarter
Proj. Earnings Growth
9.35%
From $6.20 to $6.78 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.45 out of 5 stars

Oils/Energy Sector

35th out of 241 stocks

Crude Petroleum & Natural Gas Industry

18th out of 76 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

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NOG Apr 2024 39.000 call
NOG Apr 2024 33.000 put
Preview: Northern Oil & Gas's Earnings
Northern Oil and Gas (NYSE:NOG) PT Lowered to $38.00
NOG Mar 2024 26.000 put
See More Headlines
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Company Calendar

Ex-Dividend for 1/31 Dividend
12/27/2023
Dividend Payable
1/31/2024
Last Earnings
2/23/2024
Today
2/24/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

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
$47.00
High Stock Price Target
$56.00
Low Stock Price Target
$38.00
Potential Upside/Downside
+35.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
11 Analysts

Profitability

Net Income
$773.24 million
Pretax Margin
40.05%

Debt

Sales & Book Value

Annual Sales
$1.81 billion
Cash Flow
$10.51 per share
Book Value
$9.57 per share

Miscellaneous

Free Float
97,292,000
Market Cap
$3.48 billion
Optionable
Optionable
Beta
1.85
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NOG Stock Analysis - Frequently Asked Questions

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

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Northern Oil and Gas in the last year. There are currently 1 sell rating, 2 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NOG shares.
View NOG analyst ratings
or view top-rated stocks.

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

11 Wall Street analysts have issued 12 month target prices for Northern Oil and Gas' shares. Their NOG share price targets range from $38.00 to $56.00. On average, they expect the company's stock price to reach $47.00 in the next year. This suggests a possible upside of 35.9% 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 2024?

Northern Oil and Gas' stock was trading at $37.07 at the start of the year. Since then, NOG shares have decreased by 6.7% and is now trading at $34.59.
View the best growth stocks for 2024 here
.

Are investors shorting Northern Oil and Gas?

Northern Oil and Gas saw a decline in short interest in the month of January. As of January 15th, there was short interest totaling 9,210,000 shares, a decline of 17.5% from the December 31st total of 11,170,000 shares. Based on an average trading volume of 1,330,000 shares, the short-interest ratio is presently 6.9 days. Currently, 9.9% of the shares of the stock are short sold.
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 Thursday, May 2nd 2024.
View our NOG earnings forecast
.

How were Northern Oil and Gas' earnings last quarter?

Northern Oil and Gas, Inc. (NYSE:NOG) released its earnings results on Friday, February, 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by $0.03. The business earned $543.40 million during the quarter, compared to analysts' expectations of $555.31 million. Northern Oil and Gas had a net margin of 42.61% and a trailing twelve-month return on equity of 46.85%. The company's quarterly revenue was up 21.9% on a year-over-year basis. During the same quarter last year, the business earned $1.43 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 Tuesday, February 6th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.40 per share on Tuesday, April 30th. This represents a $1.60 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date is Wednesday, March 27th.
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 $1.60 per share and currently has a dividend yield of 4.59%. 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 15.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NOG will have a dividend payout ratio of 23.60% 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?

Shares of Northern Oil and Gas 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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.53%), Copeland Capital Management LLC (2.15%), Westfield Capital Management Co. LP (1.53%), Nuveen Asset Management LLC (1.40%), Principal Financial Group Inc. (1.40%) and Dimensional Fund Advisors LP (1.37%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:NOG) was last updated on 2/25/2024 by MarketBeat.com Staff