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 analysts have issued 12 month price targets 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 twelve months. This suggests a possible upside of 9.8% from the stock's current price.
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Northern Oil and Gas' stock was trading at $37.07 on January 1st, 2024. Since then, NOG shares have increased by 14.5% and is now trading at $42.45.
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Northern Oil and Gas saw a decline in short interest in March. As of March 15th, there was short interest totaling 8,680,000 shares, a decline of 20.7% from the February 29th total of 10,950,000 shares. Based on an average daily trading volume, of 1,220,000 shares, the days-to-cover ratio is currently 7.1 days. Approximately 9.3% of the company's stock 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) posted its quarterly earnings results on Friday, February, 23rd. The company reported $1.61 earnings per share 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 analysts' expectations 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%. Northern Oil and Gas's revenue was up 21.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.43 EPS.

Northern Oil and Gas declared a quarterly dividend on Tuesday, February 6th. Investors 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 annualized dividend and a dividend yield of 3.77%. The ex-dividend date 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 3.78%. 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 25.36% 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 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.

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 retail and institutional 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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