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

$40.25
+0.28 (+0.70%)
(As of 05/3/2024 ET)
Today's Range
$39.61
$40.30
50-Day Range
$34.68
$43.54
52-Week Range
$29.57
$43.75
Volume
1.10 million shs
Average Volume
1.45 million shs
Market Capitalization
$4.07 billion
P/E Ratio
6.52
Dividend Yield
3.98%
Price Target
$47.90

Northern Oil and Gas MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
19.0% Upside
$47.90 Price Target
Short Interest
Bearish
10.91% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.32mentions of Northern Oil and Gas in the last 14 days
Based on 43 Articles This Week
Insider Trading
Selling Shares
$436,614 Sold Last Quarter
Proj. Earnings Growth
16.30%
From $5.46 to $6.35 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.16 out of 5 stars

Oils/Energy Sector

51st out of 240 stocks

Crude Petroleum & Natural Gas Industry

20th out of 77 stocks

NOG stock logo

About Northern Oil and Gas Stock (NYSE:NOG)

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. It primarily holds interests in the Williston Basin, the Appalachian Basin, and the Permian Basin in the United States. The company is based in Minnetonka, Minnesota.

NOG Stock Price History

NOG Stock News Headlines

Charles Payne Demystifies Options
When it comes to retirement, everyone fears one thing… Outliving their retirement savings. You'll discover conservative, beginner-friendly options strategies which could help to cash flow your stock portfolio.
Charles Payne Demystifies Options
When it comes to retirement, everyone fears one thing… Outliving their retirement savings. You'll discover conservative, beginner-friendly options strategies which could help to cash flow your stock portfolio.
NOG Declares $0.40 Quarterly Cash Dividend
Q1 2024 Northern Oil and Gas Inc Earnings Call
NOG Announces Expansion of Revolving Credit Facility
See More Headlines
Receive NOG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Northern Oil and Gas and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 4/30 Dividend
3/27/2024
Last Earnings
4/30/2024
Dividend Payable
4/30/2024
Today
5/05/2024
Next Earnings (Estimated)
8/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
38
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$47.90
High Stock Price Target
$56.00
Low Stock Price Target
$39.00
Potential Upside/Downside
+19.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
11 Analysts

Profitability

Net Income
$922.97 million
Pretax Margin
34.05%

Debt

Sales & Book Value

Annual Sales
$2.17 billion
Cash Flow
$10.91 per share
Book Value
$19.81 per share

Miscellaneous

Free Float
98,225,000
Market Cap
$4.07 billion
Optionable
Optionable
Beta
1.84
Investing Strategies To Help Grow Your Retirement Income Cover

Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.

Get This Free Report

NOG Stock Analysis - Frequently Asked Questions

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

11 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 1 sell rating, 2 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NOG shares.
View NOG analyst ratings
or view top-rated stocks.

What is Northern Oil and Gas' stock price target for 2024?

11 brokers have issued 1 year target prices for Northern Oil and Gas' shares. Their NOG share price targets range from $39.00 to $56.00. On average, they anticipate the company's share price to reach $47.90 in the next twelve months. This suggests a possible upside of 19.0% 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 2024?

Northern Oil and Gas' stock was trading at $37.07 at the beginning of 2024. Since then, NOG shares have increased by 8.6% and is now trading at $40.25.
View the best growth stocks for 2024 here
.

When is Northern Oil and Gas' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our NOG earnings forecast
.

How were Northern Oil and Gas' earnings last quarter?

Northern Oil and Gas, Inc. (NYSE:NOG) posted its earnings results on Tuesday, April, 30th. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.18 by $0.10. The firm had revenue of $396.35 million for the quarter, compared to the consensus estimate of $505.67 million. Northern Oil and Gas had a trailing twelve-month return on equity of 34.06% and a net margin of 30.01%. The business's revenue was down 31.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.76 EPS.

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 Thursday, May 2nd. Shareholders of record on Thursday, June 27th will be given a dividend of $0.40 per share on Wednesday, July 31st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date is Thursday, June 27th.
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 $1.60 per share and currently has a dividend yield of 3.98%. NOG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 25.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NOG will have a dividend payout ratio of 25.20% 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 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.

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).

Who are Northern Oil and Gas' major shareholders?

Northern Oil and Gas' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (1.42%), Allspring Global Investments Holdings LLC (1.42%), Principal Financial Group Inc. (1.41%), Tributary Capital Management LLC (0.54%), Capstone Investment Advisors LLC (0.51%) and Raymond James & Associates (0.39%). 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
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:NOG) was last updated on 5/5/2024 by MarketBeat.com Staff

From Our Partners