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

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 2 hold ratings, 6 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.
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9 brokers have issued 1 year target prices for Northern Oil and Gas' stock. Their NOG share price forecasts range from $32.00 to $58.00. On average, they expect the company's share price to reach $42.78 in the next twelve months. This suggests a possible upside of 59.7% from the stock's current price.
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Northern Oil and Gas' stock was trading at $23.52 at the beginning of 2022. Since then, NOG shares have increased by 13.9% and is now trading at $26.78.
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Northern Oil and Gas saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 5,580,000 shares, an increase of 26.5% from the August 15th total of 4,410,000 shares. Based on an average daily volume of 1,100,000 shares, the days-to-cover ratio is presently 5.1 days. Currently, 8.3% 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 Friday, November 4th 2022.
View our NOG earnings forecast.

Northern Oil and Gas, Inc. (NYSE:NOG) announced its earnings results on Wednesday, August, 3rd. The company reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.57 by $0.15. The firm had revenue of $549.64 million for the quarter, compared to analysts' expectations of $410.05 million. Northern Oil and Gas had a trailing twelve-month return on equity of 1,046.87% and a net margin of 1.28%.

Northern Oil and Gas declared a quarterly dividend on Monday, August 1st. Investors of record on Thursday, September 29th will be paid a dividend of $0.25 per share on Monday, October 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend is Wednesday, September 28th. This is a boost from the stock's previous quarterly dividend of $0.19.
Read our dividend analysis for NOG.

Northern Oil and Gas (NYSE:NOG) pays an annual dividend of $0.76 per share and currently has a dividend yield of 3.00%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 36.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NOG will have a dividend payout ratio of 7.60% 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 the morning of 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 market closes 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."

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.
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One share of NOG stock can currently be purchased for approximately $26.78.

Northern Oil and Gas (NYSE:NOG) has a market capitalization of $2.11 billion and generates $496.90 million in revenue each year. The company earns $6.36 million in net income (profit) each year or $2.08 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.