Northern Oil and Gas, Inc. (NOG)
| Market Cap | 4.07B |
| Revenue (ttm) | 1.98B |
| Net Income (ttm) | 594.39M |
| Shares Out | 101.06M |
| EPS (ttm) | 6.33 |
| PE Ratio | 6.23 |
| Forward PE | 6.76 |
| Dividend | $1.60 (3.98%) |
| Ex-Dividend Date | Jun 27, 2024 |
| Volume | 803,580 |
| Open | 39.98 |
| Previous Close | 40.14 |
| Day's Range | 39.22 - 40.25 |
| 52-Week Range | 29.57 - 43.75 |
| Beta | 1.85 |
| Analysts | Buy |
| Price Target | 47.73 (+18.64%) |
| Earnings Date | Apr 30, 2024 |
About 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. [Read more]
Financial Performance
In 2023, NOG's revenue was $2.17 billion, an increase of 37.93% compared to the previous year's $1.57 billion. Earnings were $922.97 million, an increase of 26.83%.
Financial StatementsAnalyst Forecast
According to 11 analysts, the average rating for NOG stock is "Buy." The 12-month stock price forecast is $47.73, which is an increase of 18.64% from the latest price.
News
NOG Declares $0.40 Quarterly Cash Dividend
MINNEAPOLIS--(BUSINESS WIRE)--NOG Declares $0.40 Quarterly Cash Dividend.
NOG Announces First Quarter 2024 Results, Achieves New Quarterly Production Record
MINNEAPOLIS--(BUSINESS WIRE)--NOG Announces First Quarter 2024 Results, Achieves New Quarterly Production Record.
NOG Announces Expansion of Revolving Credit Facility
MINNEAPOLIS--(BUSINESS WIRE)--NOG Announces Expansion of Revolving Credit Facility.
NOG Provides Update on First Quarter Hedging Results and Stock Repurchases
MINNEAPOLIS--(BUSINESS WIRE)--NOG Provides Update on First Quarter Hedging Results and Stock Repurchases.
NOG Schedules First Quarter 2024 Earnings Release and Conference Call
MINNEAPOLIS--(BUSINESS WIRE)--NOG Schedules First Quarter 2024 Earnings Release and Conference Call.
NOG Publishes 2022 ESG Report
MINNEAPOLIS--(BUSINESS WIRE)--NOG Publishes 2022 ESG Report.
NOG Announces Fourth Quarter and Full Year 2023 Results; Provides Detailed 2024 Guidance
MINNEAPOLIS--(BUSINESS WIRE)--NOG Announces Fourth Quarter and Full Year 2023 Results; Provides Detailed 2024 Guidance.
NOG Provides Fourth Quarter 2023 Operations Update and Preliminary 2024 Guidance
MINNEAPOLIS--(BUSINESS WIRE)--NOG Provides Fourth Quarter 2023 Operations Update and Preliminary 2024 Guidance; Company Sees 20% Year over Year Growth in Production.
NOG Declares $0.40 Quarterly Cash Dividend, 18% Increase Year-over-Year and Provides Update on Current Hedge Position
MINNEAPOLIS--(BUSINESS WIRE)--NOG Declares $0.40 Quarterly Cash Dividend, 18% Increase Year-over-Year and Provides Update on Current Hedge Position.
NOG Schedules Fourth Quarter and Year-End 2023 Earnings Release and Conference Call
MINNEAPOLIS--(BUSINESS WIRE)--NOG Schedules Fourth Quarter and Year-End 2023 Earnings Release and Conference Call.
Wall Street's Most Accurate Analysts Say Buy These 3 Energy Stocks With Over 3% Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...
NOG Announces Third Quarter 2023 Results, Achieves New Quarterly Production Record
MINNEAPOLIS--(BUSINESS WIRE)--NOG Announces Third Quarter 2023 Results, Achieves New Quarterly Production Record.
NOG Declares $0.40 Quarterly Cash Dividend, 33% Increase Year-over-Year, 5% Sequential Increase over Prior Quarter
MINNEAPOLIS--(BUSINESS WIRE)--NOG Declares $0.40 Quarterly Cash Dividend, 33% Increase Year-over-Year, 5% Sequential Increase over Prior Quarter.
NOG Provides Preliminary Financial and Operational Updates for the Third Quarter of 2023
MINNEAPOLIS--(BUSINESS WIRE)--NOG Provides Preliminary Financial and Operational Updates for the Third Quarter of 2023.
NOG Schedules Third Quarter 2023 Earnings Release and Conference Call
MINNEAPOLIS--(BUSINESS WIRE)--NOG Schedules Third Quarter 2023 Earnings Release and Conference Call.
NOG Announces Pricing of Public Offering of Common Stock
MINNEAPOLIS--(BUSINESS WIRE)--NOG Announces Pricing of Public Offering of Common Stock.
NOG Announces Public Offering of Common Stock
MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) announced today an underwritten public offering of 6,500,000 shares of its common stock (the “Offering”). ...
NOG Announces Second Quarter 2023 Results, Including Record Quarterly Production
MINNEAPOLIS--(BUSINESS WIRE)--NOG Announces Second Quarter 2023 Results, Including Record Quarterly Production.
NOG Declares $0.38 Quarterly Cash Dividend, 10th Consecutive Increase, 52% Increase Year-over-Year, ~3% Sequential Increase over Prior Quarter
MINNEAPOLIS--(BUSINESS WIRE)--NOG Declares $0.38 Quarterly Cash Dividend, 10th Consecutive Increase, 52% Increase Year-over-Year, ~3% Sequential Increase over Prior Quarter.
NOG Provides Update on 2023 Guidance and Preliminary Second Quarter Financial and Operational Update
MINNEAPOLIS--(BUSINESS WIRE)--NOG Provides Update on 2023 Guidance and Preliminary Second Quarter Financial and Operational Update.
NOG Schedules Second Quarter 2023 Earnings Release and Conference Call
MINNEAPOLIS--(BUSINESS WIRE)--NOG Schedules Second Quarter 2023 Earnings Release and Conference Call.
NOG Announces First Quarter 2023 Results, Including Record Quarterly Production
Record quarterly production of 87,385 Boe per day (62% oil), an increase of 23% from the first quarter of 2022.
NOG Declares $0.37 Quarterly Cash Dividend, 9% Increase over Prior Quarter
MINNEAPOLIS--(BUSINESS WIRE)--NOG Declares $0.37 Quarterly Cash Dividend, 9% Increase over Prior Quarter.
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Oil is still relatively pricey at around $80 per barrel, but it has come down considerably from its peaks.
NOG Provides Update on First Quarter Hedging Results and Capital Allocation
MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE: NOG) (“NOG” or the “Company”) today provided an update regarding first quarter hedging results and capital allocation matters.