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

$41.36
+1.50 (+3.76%)
(As of 02:52 PM ET)
Compare
Today's Range
$40.23
$41.53
50-Day Range
$35.88
$42.99
52-Week Range
$25.17
$43.64
Volume
1.08 million shs
Average Volume
1.55 million shs
Market Capitalization
$3.85 billion
P/E Ratio
2.90
Dividend Yield
3.58%
Price Target
$49.22

Northern Oil and Gas MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
22.2% 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
0.81mentions of Northern Oil and Gas in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$6.27 M Sold Last Quarter
Proj. Earnings Growth
13.74%
From $7.28 to $8.28 Per Share

Overall MarketRank

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

2.78 out of 5 stars

Oils/Energy Sector

16th out of 245 stocks

Crude Petroleum & Natural Gas Industry

11th out of 81 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
Profit from the Oil Supply Crunch With These 7 Stocks
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Northern Oil and Gas (NYSE:NOG) Upgraded to Hold by StockNews.com
The "Plug and Play" Model Putting Online Giants to Shame
While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."
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
Today
9/27/2023
Ex-Dividend for 10/31 Dividend
9/27/2023
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
+19.4%
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
$10.94 per share
Book Value
$9.57 per share

Miscellaneous

Free Float
89,674,000
Market Cap
$3.84 billion
Optionable
Optionable
Beta
1.98
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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 analysts have issued "buy," "hold," and "sell" ratings for Northern Oil and Gas in the last year. There are currently 1 hold rating, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 analysts have issued 12-month target prices for Northern Oil and Gas' stock. Their NOG share price forecasts range from $46.00 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 22.0% 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 33.8% and is now trading at $41.24.
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 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.14. The business had revenue of $476.60 million for the quarter, compared to the consensus estimate of $414.01 million. Northern Oil and Gas had a trailing twelve-month return on equity of 57.03% and a net margin of 55.68%. The firm's quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the company earned $1.72 earnings per share.

How often does Northern Oil and Gas pay dividends? What is the dividend yield for Northern Oil and Gas?

Northern Oil and Gas declared 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 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Wednesday, September 27th. This is an increase 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 $1.48 per share and currently has a dividend yield of 3.73%. 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 10.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NOG will have a dividend payout ratio of 17.87% 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 before market open 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."

Who are Northern Oil and Gas' major shareholders?

Northern Oil and Gas' stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.86%), State Street Corp (4.75%), Angelo Gordon & CO. L.P. (3.44%), Copeland Capital Management LLC (2.96%), Capital World Investors (2.15%) and Westwood Holdings Group Inc. (1.96%). 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.

What is Northern Oil and Gas' stock price today?

One share of NOG stock can currently be purchased for approximately $41.24.

How much money does Northern Oil and Gas make?

Northern Oil and Gas (NYSE:NOG) has a market capitalization of $3.84 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 9/27/2023 by MarketBeat.com Staff

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