Northern Oil and Gas
NOG
Market cap $3.79B

37.84 USD

-0.08

0.21%

At close Oct 17, 4:00 PM EDT

After hours

37.84

+0.00

0.00%

1 day

-0.21%

5 days

-3.47%

1 month

4.91%

3 months

-9.15%

6 months

-10.86%

Year to date

2.71%

1 year

-6.87%

5 years

104.54%

About: Northern Oil & Gas Inc is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and natural gas properties. Its principal business is crude oil and natural gas exploration, development, and production. Company's oil and natural gas sales come from three geographic areas in the United States: the Williston Basin (North Dakota and Montana), the Permian Basin (New Mexico and Texas), and the Appalachian Basin (Pennsylvania and Ohio).

Employees: 38

Energy Crude Petroleum & Natural Gas

0

Funds holding %

of 6,740 funds

0

Analysts bullish %

of 6 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

102% more call options, than puts

Call options by funds: $103M | Put options by funds: $51.4M

41% more repeat investments, than reductions

Existing positions increased: 142 | Existing positions reduced: 101

1.87% more ownership

Funds ownership: 103.2% [Q1] → 105.07% (+1.87%) [Q2]

0% less funds holding

Funds holding: 331 [Q1] → 330 (-1) [Q2]

2% less first-time investments, than exits

New positions opened: 44 | Existing positions closed: 45

4% less capital invested

Capital invested by funds: $4.13B [Q1] → $3.94B (-$183M) [Q2]

67% less funds holding in top 10

Funds holding in top 10: 6 [Q1] → 2 (-4) [Q2]

See Fund Rankings

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$39

3%

upside

Avg. target

$47

23%

upside

High target

$55

45%

upside

6 analyst ratings

4 positive

67%

2 neutral

33%

0 negative

0%

Truist Securities Neal Dingmann 50% 1-year accuracy 64 / 127 met price target	16%upside $44	Buy Maintained	30 Sept 2024
Mizuho William Janela 38% 1-year accuracy 6 / 16 met price target	24%upside $47	Outperform Initiated	19 Sept 2024
Morgan Stanley Devin McDermott 48% 1-year accuracy 11 / 23 met price target	3%upside $39	Equal-Weight Maintained	16 Sept 2024
Piper Sandler Mark Lear 30% 1-year accuracy 14 / 47 met price target	6%upside $40	Neutral Maintained	15 Aug 2024
Truist Securities Neal Dingmann 50% 1-year accuracy 64 / 127 met price target	45%upside $55	Buy Maintained	1 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 8 articles about NOG published over the past 30 days

NOG Schedules Third Quarter 2024 Earnings Release and Conference Call

MINNEAPOLIS--(BUSINESS WIRE)--NOG Schedules Third Quarter 2024 Earnings Release and Conference Call.

NOG Schedules Third Quarter 2024 Earnings Release and Conference Call

Proactive Investors

Analysts identify attractively priced oil levered companies amid Middle East tensions

Amid geopolitical tensions in the Middle East, Jefferies analysts have highlighted oil levered companies that have underperformed, and therefore are attractively priced. In recent developments, Iran launched an estimated 181 ballistic missiles at Israel last Tuesday, prompting speculation about the potential consequences, with expectations that Israel will respond.

Analysts identify attractively priced oil levered companies amid Middle East tensions

Northern Oil And Gas: Acquisitions Boost Oil Production By More Than 15%

Northern Oil and Gas spent more than $700 million on recent acquisitions. These acquisitions should boost its oil production by more than 15%. Northern paid for the acquisitions in cash, so leverage has increased.

Northern Oil And Gas: Acquisitions Boost Oil Production By More Than 15%

Zacks Investment Research

3 Energy Stocks to Consider as Oil Price Remains Quite Healthy

As oil prices remain elevated, companies like Northern Oil and Gas (NOG), APA, and Devon (DVN) are poised to capitalize on increased exploration and production activities.

3 Energy Stocks to Consider as Oil Price Remains Quite Healthy

Zacks Investment Research

Northern Completes Major Acquisition to Enhance Uinta Basin Operations

NOG completes a strategic acquisition in the Uinta Basin, securing valuable assets and a decade of Tier 1 drilling locations to enhance growth potential.

Northern Completes Major Acquisition to Enhance Uinta Basin Operations

NOG Closes Uinta Basin Acquisition

MINNEAPOLIS--(BUSINESS WIRE)--NOG Closes Uinta Basin Acquisition.

NOG Closes Uinta Basin Acquisition

Top Wall Street analysts prefer these dividend stocks to strengthen portfolios

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Darden Restaurants and Target

Top Wall Street analysts prefer these dividend stocks to strengthen portfolios

Point Energy Partners II Completes $1.1 Billion Sale to Vital Energy

FORT WORTH, Texas--(BUSINESS WIRE)--Point Energy Partners II ("Point Energy") today announced the completion of its previously announced $1.1 billion all cash sale of its assets to Vital Energy, Inc. (NYSE: VTLE) ("Vital") and Northern Oil and Gas, Inc. (NYSE: NOG) (“NOG”). Point Energy is a portfolio company of Vortus Investments Advisors. Point Energy is proud to announce a significant milestone in its operational journey, having increased production from an initial 300 net barrels of oil equ.

Point Energy Partners II Completes $1.1 Billion Sale to Vital Energy

Northern Oil and Gas: Stronger Positioning, But Commodity Prices Could Drag

Northern Oil and Gas, Inc. uses a unique, less risky business model by owning minority interests in wells, resulting in higher margins and higher cash flow than peers. The company's stock price closely correlates with West Texas Intermediate crude oil prices, offering exposure to oil prices with less volatility. Despite macroeconomic concerns, Northern Oil and Gas's diversified portfolio and high margins make it a compelling investment, especially with a 4.94% dividend yield.

Northern Oil and Gas: Stronger Positioning, But Commodity Prices Could Drag

Zacks Investment Research

Why Is Northern Oil and Gas (NOG) Down 7.9% Since Last Earnings Report?

Northern Oil and Gas (NOG) reported earnings 30 days ago. What's next for the stock?

Why Is Northern Oil and Gas (NOG) Down 7.9% Since Last Earnings Report?

See News Rankings

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