Northern Oil and Gas (NOG) Scheduled to Post Earnings on Tuesday

Northern Oil and Gas (NYSE:NOG) is scheduled to release its earnings data before the market opens on Tuesday, April 30th. Analysts expect Northern Oil and Gas to post earnings of $1.26 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Northern Oil and Gas (NYSE:NOG) last posted its quarterly earnings data on Friday, February 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 40.86% and a net margin of 42.61%. Northern Oil and Gas’s revenue was up 21.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.43 earnings per share. On average, analysts expect Northern Oil and Gas to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Northern Oil and Gas Price Performance

NOG opened at $42.67 on Tuesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 4.25 and a beta of 1.86. The firm’s fifty day moving average price is $38.19 and its two-hundred day moving average price is $37.20. Northern Oil and Gas has a 1 year low of $29.57 and a 1 year high of $43.64.

Northern Oil and Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Wednesday, March 27th. Northern Oil and Gas’s dividend payout ratio is 15.94%.

Insider Activity at Northern Oil and Gas

In related news, insider James B. Evans sold 945 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $38.00, for a total value of $35,910.00. Following the sale, the insider now directly owns 83,872 shares in the company, valued at approximately $3,187,136. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider James B. Evans sold 945 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $38.00, for a total value of $35,910.00. Following the sale, the insider now directly owns 83,872 shares in the company, valued at approximately $3,187,136. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James B. Evans sold 3,150 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $42.00, for a total value of $132,300.00. Following the sale, the insider now owns 73,753 shares in the company, valued at $3,097,626. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,944 shares of company stock worth $436,614. Company insiders own 3.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Piper Sandler lifted their price objective on shares of Northern Oil and Gas from $38.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday. Stifel Nicolaus cut their price objective on shares of Northern Oil and Gas from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Tuesday, January 23rd. Bank of America downgraded shares of Northern Oil and Gas from a “buy” rating to an “underperform” rating and set a $39.00 price objective on the stock. in a report on Friday, January 5th. Morgan Stanley boosted their price target on shares of Northern Oil and Gas from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $46.00 price target on shares of Northern Oil and Gas in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $47.00.

About Northern Oil and Gas

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.