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

Company Overview

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.

Key Stats

• Today's Range: $40.24 to $41.38
• 50-Day Range: $33.96 to $41.10
• 52-Week Range: $31.13 to $43.80
• Volume: 730,336 shs
• Average Volume: 1.16 million shs
• Market Capitalization: $4.04 billion
• P/E Ratio: 4.86
• Dividend Yield: 4.15%
• Price Target: $47.50
• Consensus Rating: Moderate Buy

Northern Oil and Gas Stock Analysis - MarketRank™

Northern Oil and Gas scored higher than 68% of companies evaluated by MarketBeat, and ranked 116th out of 265 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Northern Oil and Gas has received a consensus rating of Moderate Buy. The company's average rating score is 2.91, and is based on 8 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Northern Oil and Gas has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 3.90%

Earnings Growth

Earnings for Northern Oil and Gas are expected to grow by 3.90% in the coming year, from $5.38 to $5.59 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Northern Oil and Gas is 4.86, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.54.

Price to Earnings Ratio vs. Sector

The P/E ratio of Northern Oil and Gas is 4.86, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 11.09.

Price to Book Value per Share Ratio

Northern Oil and Gas has a P/B Ratio of 1.75. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

16.87% of the float of Northern Oil and Gas has been sold short.

Short Interest Ratio / Days to Cover

Northern Oil and Gas has a short interest ratio ("days to cover") of 12.2, which indicates bearish sentiment.

Change versus previous month

Short interest in Northern Oil and Gas has recently decreased by 3.82%, indicating that investor sentiment is improving.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Northern Oil and Gas is a leading dividend payer. It pays a dividend yield of 4.15%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Northern Oil and Gas does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Northern Oil and Gas is 20.17%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Northern Oil and Gas will have a dividend payout ratio of 30.05% next year. This indicates that Northern Oil and Gas will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

16.87% of the float of Northern Oil and Gas has been sold short.

Short Interest Ratio / Days to Cover

Northern Oil and Gas has a short interest ratio ("days to cover") of 12.2, which indicates bearish sentiment.

Change versus previous month

Short interest in Northern Oil and Gas has recently decreased by 3.82%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.28

News Sentiment

Northern Oil and Gas has a news sentiment score of 1.28. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Northern Oil and Gas this week, compared to 6 articles on an average week.

Search Interest

Only 6 people have searched for NOG on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

5 people have added Northern Oil and Gas to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Northern Oil and Gas insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $248,113.00 in company stock.

Percentage Held by Insiders

Only 2.80% of the stock of Northern Oil and Gas is held by insiders.

Percentage Held by Institutions

98.80% of the stock of Northern Oil and Gas is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NOG Stock Analysis - Frequently Asked Questions

How have NOG shares performed this year?

Northern Oil and Gas' stock was trading at $37.07 at the start of the year. Since then, NOG stock has increased by 9.3% and is now trading at $40.50.
View the best growth stocks for 2024 here.

How were Northern Oil and Gas' earnings last quarter?

Northern Oil and Gas, Inc. (NYSE:NOG) issued its quarterly earnings results on Tuesday, November, 5th. The company reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.20 by $0.20. Northern Oil and Gas's revenue for the quarter was up 140.0% on a year-over-year basis.

When did Northern Oil and Gas' stock split?

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 market closes 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.

Who are Northern Oil and Gas' major shareholders?

Northern Oil and Gas' top institutional investors include Geode Capital Management LLC (2.29%), Copeland Capital Management LLC (2.07%), Westfield Capital Management Co. LP (1.43%) and Allspring Global Investments Holdings LLC (1.35%). Insiders that own company stock include Bahram Akradi, Nicholas L O'grady, Adam A Dirlam, Erik J Romslo, Chad W Allen, James B Evans, Robert B Rowling, Cresta Greenwood, Llc, Lisa Meier and Michael D Kelly.
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.

What other stocks do shareholders of Northern Oil and Gas own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Northern Oil and Gas investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Tesla (TSLA), Palo Alto Networks (PANW) and Intel (INTC).

Company Calendar

• Ex-Dividend for 10/31 Dividend: 9/27/2024
• Dividend Payable: 10/31/2024
• Last Earnings: 11/05/2024
• Today: 11/17/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/27/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Crude petroleum & natural gas
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: NYSE:NOG
• CUSIP: N/A
• CIK: 1104485
• Web: www.northernoil.com
• Phone: (952) 476-9800
• Fax: 952-476-9801
• Employees: 30
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $47.50
• High Stock Price Target: $55.00
• Low Stock Price Target: $39.00
• Potential Upside/Downside: +17.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.91
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $8.33
• Trailing P/E Ratio: 4.86
• Forward P/E Ratio: 7.53
• P/E Growth: N/A
• Net Income: $922.97 million
• Net Margins: 33.44%
• Pretax Margin: 41.55%
• Return on Equity: 27.52%
• Return on Assets: 12.28%

Debt

• Debt-to-Equity Ratio: 0.84
• Current Ratio: 1.23
• Quick Ratio: 1.23

Sales & Book Value

• Annual Sales: $2.16 billion
• Price / Sales: 1.87
• Cash Flow: $10.89 per share
• Price / Cash Flow: 3.72
• Book Value: $23.18 per share
• Price / Book: 1.75

Miscellaneous

• Outstanding Shares: 99,825,000
• Free Float: 97,030,000
• Market Cap: $4.04 billion
• Optionable: Optionable
• Beta: 1.80