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

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.

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.

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.

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 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.

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.

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 $1.48 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.

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.

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."

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.

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.

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

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.

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.