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Northern Oil and Gas - NOG Stock Forecast, Price & News

$34.62
+1.30 (+3.90%)
(As of 01/27/2023 12:00 AM ET)
Add
Compare
Today's Range
$34.43
$35.88
50-Day Range
$28.52
$36.79
52-Week Range
$21.45
$39.10
Volume
4.92 million shs
Average Volume
1.38 million shs
Market Capitalization
$2.70 billion
P/E Ratio
3.97
Dividend Yield
3.60%
Price Target
$49.20

Northern Oil and Gas MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
42.1% Upside
$49.20 Price Target
Short Interest
Healthy
9.32% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.27mentions of Northern Oil and Gas in the last 14 days
Based on 20 Articles This Week
Insider Trading
Selling Shares
$12.71 M Sold Last Quarter
Proj. Earnings Growth
34.51%
From $7.62 to $10.25 Per Share

Overall MarketRank

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

3.45 out of 5 stars

Oils/Energy Sector

1st out of 244 stocks

Crude Petroleum & Natural Gas Industry

1st out of 74 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. The company primarily holds interests in the Williston Basin, the Appalachian Basin, and the Permian Basin in the United States. As of December 31, 2021, it owned working interests in 7,436 gross producing wells; and had proved reserves of 287,682 million barrels of oil equivalent. The company is based in Minnetonka, Minnesota.

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NOG Stock News Headlines

Northern Oil and Gas Set to Join S&P SmallCap 600
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
Northern Oil & Gas Stock Hits New 52-Week High (NOG)
Stifel Nicolaus Reaffirms Their Buy Rating on Northern Oil And Gas (NOG)
Northern Oil and Gas: I Heard It Through The Grapevine
Angelo Gordon Cuts Stake in Northern Oil & Gas (NOG)
6 Analysts Have This to Say About Northern Oil & Gas
NOG Announces Borrowing Base Increase
NOG Announces Third Quarter 2022 Results
See More Headlines
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NOG Company Calendar

Ex-Dividend for 10/31 Dividend
9/28/2022
Dividend Payable
10/31/2022
Last Earnings
11/08/2022
Ex-Dividend for 1/31 Dividend
12/28/2022
Today
1/27/2023
Dividend Payable
1/31/2023
Next Earnings (Confirmed)
2/23/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
25
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$49.20
High Stock Price Forecast
$66.00
Low Stock Price Forecast
$35.00
Forecasted Upside/Downside
+42.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
9 Analysts

Profitability

Net Income
$6.36 million
Pretax Margin
53.07%

Debt

Sales & Book Value

Annual Sales
$496.90 million
Cash Flow
$6.52 per share
Book Value
$3.25 per share

Miscellaneous

Free Float
75,069,000
Market Cap
$2.70 billion
Optionable
Optionable
Beta
1.97

Key Executives

  • Mr. Nicholas L. O'Grady (Age 43)
    Chief Exec. Officer
    Comp: $1.17M
  • Mr. Adam Dirlam (Age 39)
    Pres
    Comp: $792.2k
  • Mr. Chad Allen (Age 40)
    Chief Financial Officer
    Comp: $641.66k
  • Mr. Erik J. Romslo (Age 45)
    Chief Legal Officer & Sec.
    Comp: $847.64k
  • Mr. James B. Evans (Age 39)
    Exec. VP & Chief Engineer













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 twelve months. 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 1 year price targets for Northern Oil and Gas' shares. Their NOG share price forecasts range from $35.00 to $66.00. On average, they anticipate the company's stock price to reach $49.20 in the next year. This suggests a possible upside of 42.1% 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 on January 1st, 2023. Since then, NOG shares have increased by 12.3% and is now trading at $34.62.
View the best growth stocks for 2023 here
.

Are investors shorting Northern Oil and Gas?

Northern Oil and Gas saw a decrease in short interest in the month of January. As of January 15th, there was short interest totaling 6,210,000 shares, a decrease of 18.2% from the December 31st total of 7,590,000 shares. Based on an average trading volume of 1,350,000 shares, the short-interest ratio is presently 4.6 days. Currently, 9.3% 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, February 23rd 2023.
View our NOG earnings forecast
.

How can I listen to Northern Oil and Gas' earnings call?

Northern Oil and Gas will be holding an earnings conference call on Friday, February 24th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13736011".

How were Northern Oil and Gas' earnings last quarter?

Northern Oil and Gas, Inc. (NYSE:NOG) announced its quarterly earnings results on Tuesday, November, 8th. The company reported $1.80 earnings per share for the quarter, topping analysts' consensus estimates of $1.70 by $0.10. The company earned $534.05 million during the quarter, compared to the consensus estimate of $412.87 million.

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 Thursday, November 3rd. Shareholders of record on Thursday, December 29th will be paid a dividend of $0.30 per share on Tuesday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Wednesday, December 28th. This is a boost from the stock's previous quarterly dividend of $0.25.
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 $1.20 per share and currently has a dividend yield of 3.60%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NOG will have a dividend payout ratio of 11.71% 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 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 many different retail and institutional investors. Top institutional investors include Copeland Capital Management LLC (2.95%), Allspring Global Investments Holdings LLC (1.53%), Tributary Capital Management LLC (0.52%), Peregrine Capital Management LLC (0.39%), Silverleafe Capital Partners LLC (0.31%) and M&G Investment Management Ltd. (0.10%). Insiders that own company stock include Adam A Dirlam, Bahram Akradi, Chad W Allen, Cresta Greenwood, Llc, Erik J Romslo, Lisa Meier, Michael D Kelly 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 $34.62.

How much money does Northern Oil and Gas make?

Northern Oil and Gas (NYSE:NOG) has a market capitalization of $2.70 billion and generates $496.90 million in revenue each year. The company earns $6.36 million in net income (profit) each year or $8.72 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 1/27/2023 by MarketBeat.com Staff