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

$26.99
-0.64 (-2.32%)
(As of 09/29/2022 12:00 AM ET)
Add
Compare
Today's Range
$25.65
$27.37
50-Day Range
$24.47
$33.62
52-Week Range
$17.51
$39.10
Volume
819,269 shs
Average Volume
1.11 million shs
Market Capitalization
$2.13 billion
P/E Ratio
12.98
Dividend Yield
2.75%
Price Target
$42.78

Northern Oil and Gas MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.89 Rating Score
Upside/​Downside
58.5% Upside
$42.78 Price Target
Short Interest
Bearish
8.54% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.07mentions of Northern Oil and Gas in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
40.25%
From $7.13 to $10.00 Per Share

Overall MarketRank

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

2.88 out of 5 stars

Oils/Energy Sector

28th out of 261 stocks

Crude Petroleum & Natural Gas Industry

17th 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. 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

Cash Dividend On The Way From Northern Oil & Gas
Northern Oil and Gas (NYSE:NOG) Stock Price Down 8.9%
Northern Oil and Gas (NYSE: NOG)
NOG Crosses Below Key Moving Average Level
2NOG : Northern Oil & Gas: Dividend Insights
Northern Oil and Gas (NYSE:NOG) Price Target Raised to $34.00
Is Murphy Oil (MUR) Stock Undervalued Right Now?
NOG Announces Midland Basin Bolt-on Acquisition
NOG Announces Second Quarter 2022 Results
See More Headlines
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NOG Company Calendar

Last Earnings
8/03/2022
Ex-Dividend for 10/31 Dividend
9/28/2022
Ex-Dividend for 10/31 Dividend
9/28/2022
Today
9/29/2022
Dividend Payable
10/31/2022
Dividend Payable
10/31/2022
Next Earnings (Estimated)
11/04/2022
Fiscal Year End
12/31/2022

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
$42.78
High Stock Price Forecast
$58.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+58.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
9 Analysts

Profitability

Net Income
$6.36 million
Pretax Margin
27.24%

Debt

Sales & Book Value

Annual Sales
$496.90 million
Cash Flow
$6.46 per share
Book Value
$3.25 per share

Miscellaneous

Free Float
76,074,000
Market Cap
$2.13 billion
Optionable
Optionable
Beta
2.09

Key Executives

  • Mr. Nicholas L. O'Grady (Age 42)
    Chief Exec. Officer
    Comp: $1.17M
  • Mr. Adam Dirlam (Age 38)
    Pres
    Comp: $792.2k
  • Mr. Chad Allen (Age 39)
    Chief Financial Officer
    Comp: $641.66k
  • Mr. Erik J. Romslo (Age 44)
    Chief Legal Officer & Sec.
    Comp: $847.64k
  • Mr. James B. Evans (Age 38)
    Exec. VP & Chief Engineer













NOG Stock - Frequently Asked Questions

Should I buy or sell Northern Oil and Gas stock right now?

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.
View NOG analyst ratings
or view top-rated stocks.

What is Northern Oil and Gas' stock price forecast for 2022?

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.
View analysts price targets for NOG
or view top-rated stocks among Wall Street analysts.

How have NOG shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

Are investors shorting Northern Oil and Gas?

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
.

When is Northern Oil and Gas' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our NOG earnings forecast
.

How were Northern Oil and Gas' earnings last quarter?

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%.

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 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
.

Is Northern Oil and Gas a good dividend stock?

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.

When did Northern Oil and Gas' stock split?

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.

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."

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 $26.78.

How much money does Northern Oil and Gas make?

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.

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 9/29/2022 by MarketBeat.com Staff

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