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

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Northern Oil and Gas in the last year. 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 analysts is that investors should "moderate buy" NOG shares.
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11 Wall Street analysts have issued 1 year price objectives for Northern Oil and Gas' shares. Their NOG share price targets range from $38.00 to $55.00. On average, they predict the company's stock price to reach $46.60 in the next year. This suggests a possible upside of 9.0% from the stock's current price.
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Northern Oil and Gas' stock was trading at $37.07 at the start of the year. Since then, NOG stock has increased by 15.3% and is now trading at $42.76.
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Northern Oil and Gas saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 8,680,000 shares, a decrease of 20.7% from the February 29th total of 10,950,000 shares. Based on an average daily volume of 1,220,000 shares, the days-to-cover ratio is currently 7.1 days. Approximately 9.3% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
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Northern Oil and Gas will be holding an earnings conference call on Tuesday, April 30th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 609-800-9909 with passcode "9661789".

Northern Oil and Gas, Inc. (NYSE:NOG) issued its quarterly earnings results on Friday, February, 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by $0.03. The firm had revenue of $543.40 million for the quarter, compared to the consensus estimate of $555.31 million. Northern Oil and Gas had a net margin of 42.61% and a trailing twelve-month return on equity of 40.86%. The company's revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.43 EPS.

Northern Oil and Gas announced a quarterly dividend on Tuesday, February 6th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.40 per share on Tuesday, April 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Wednesday, March 27th.
Read our dividend analysis for NOG.

Northern Oil and Gas (NYSE:NOG) pays an annual dividend of $1.60 per share and currently has a dividend yield of 3.75%. 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 15.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NOG will have a dividend payout ratio of 25.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NOG.

ETFs with the largest weight of Northern Oil and Gas (NYSE:NOG) stock in their portfolio include Invesco S&P SmallCap Energy ETF (PSCE), Motley Fool Small-Cap Growth ETF (TMFS), MFAM Small-Cap Growth ETF (MFMS), Invesco Dorsey Wright Energy Momentum ETF (PXI), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Opus Small Cap Value Plus ETF (OSCV), Innovator IBD Breakout Opportunities ETF (BOUT) and Nuveen Small Cap Select ETF (NSCS).

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 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' stock is owned by many different institutional and retail investors. Top institutional shareholders include Silverleafe Capital Partners LLC (0.16%), Hodges Capital Management Inc. (0.04%), Doliver Advisors LP (0.03%), Insight Wealth Strategies LLC (0.03%), RFG Advisory LLC (0.01%) and Range Financial Group LLC (0.01%). 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.
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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.
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