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 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.

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.

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.

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.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our NOG earnings forecast.

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".

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.

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.

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.

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.

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 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.

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 $34.62.

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.

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.