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

$38.62
-1.61 (-4.00%)
(As of 10/2/2023 ET)
Compare
Today's Range
$38.14
$40.32
50-Day Range
$37.12
$42.99
52-Week Range
$25.56
$43.64
Volume
1.46 million shs
Average Volume
1.55 million shs
Market Capitalization
$3.59 billion
P/E Ratio
2.71
Dividend Yield
3.94%
Price Target
$50.33

Northern Oil and Gas MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
30.3% Upside
$50.33 Price Target
Short Interest
Bearish
10.23% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.78mentions of Northern Oil and Gas in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$6.27 M Sold Last Quarter
Proj. Earnings Growth
14.95%
From $7.36 to $8.46 Per Share

Overall MarketRank

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

3.17 out of 5 stars

Oils/Energy Sector

7th out of 251 stocks

Crude Petroleum & Natural Gas Industry

6th out of 82 stocks


NOG stock logo

About Northern Oil and Gas (NYSE:NOG) Stock

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 Price History

NOG Stock News Headlines

Assessing the Dividend Profile of Northern Oil & Gas Inc
Elon Did It Again: This Could be Bigger than Tesla
Love him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.
Profit from the Oil Supply Crunch With These 7 Stocks
Northern Oil and Gas (NYSE:NOG) Upgraded to Hold by StockNews.com
Elon Did It Again: This Could be Bigger than Tesla
Love him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.
NOG Closes Novo Acquisition
See More Headlines
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NOG Company Calendar

Ex-Dividend for 7/31 Dividend
6/28/2023
Dividend Payable
7/31/2023
Last Earnings
8/03/2023
Ex-Dividend for 10/31 Dividend
9/27/2023
Today
10/02/2023
Dividend Payable
10/31/2023
Next Earnings (Estimated)
11/14/2023
Fiscal Year End
12/31/2023

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 Forecast
$50.33
High Stock Price Forecast
$56.00
Low Stock Price Forecast
$46.00
Forecasted Upside/Downside
+30.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
9 Analysts

Profitability

Net Income
$773.24 million
Pretax Margin
57.53%

Debt

Sales & Book Value

Annual Sales
$1.57 billion
Cash Flow
$10.11 per share
Book Value
$9.57 per share

Miscellaneous

Free Float
89,674,000
Market Cap
$3.59 billion
Optionable
Optionable
Beta
1.97
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Key Executives

  • Mr. Nicholas L. O'Grady (Age 43)
    Chief Exec. Officer
    Comp: $2.14M
  • Mr. Adam Dirlam (Age 38)
    Pres
    Comp: $1.24M
  • Mr. Chad Allen (Age 40)
    Chief Financial Officer
    Comp: $855.79k
  • Mr. James B. Evans (Age 39)
    Chief Technical Officer
    Comp: $786.92k
  • Mr. Erik J. Romslo (Age 45)
    Chief Legal Officer & Sec.
    Comp: $869.92k
  • Ms. Evelyn Leon Infurna (Age 59)
    VP of Investor Relations













NOG Stock - 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 forecast for 2023?

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.

How have NOG shares performed in 2023?

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.
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 Tuesday, November 14th 2023.
View our NOG earnings forecast
.

How were Northern Oil and Gas' earnings last quarter?

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.

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, 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
.

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 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.

When did Northern Oil and Gas' stock split?

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.

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."

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 $38.62.

How much money does Northern Oil and Gas make?

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.

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 10/2/2023 by MarketBeat.com Staff

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