Northern Oil and Gas (NOG)

• Market cap: $3.55B
• 1 day: -1.25%
• 5 days: -11.47%
• 1 month: -14.43%
• 3 months: -4.15%
• 6 months: -4.56%
• Year to date: -3.45%
• 1 year: -4.92%
• 5 years: 60.95%
• 10 years: -41.69%
• Sector: Energy
• Industry: Crude Petroleum & Natural Gas

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

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

21% more repeat investments, than reductions

Existing positions increased: 136 | Existing positions reduced: 112

16% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 38

2.97% more ownership

Funds ownership: 106.7% [Q2] → 109.67% (+2.97%) [Q3]

2% more funds holding

Funds holding: 331 [Q2] → 337 (+6) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]

3% less capital invested

Capital invested by funds: $4B [Q2] → $3.89B (-$113M) [Q3]

11% less call options, than puts

Call options by funds: $65.8M | Put options by funds: $74M

Research analyst outlook

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

• Low target: $37 4% upside
• Avg. target: $45 27% upside
• High target: $52 46% upside

4 analyst ratings

• positive: 1 25%
• neutral: 3 75%
• negative: 0 0%

Piper Sandler Mark Lear 33% 1-year accuracy 53 / 163 met price target	4% upside $37	Neutral Maintained	17 Dec 2024
Mizuho William Janela 32% 1-year accuracy 8 / 25 met price target	32% upside $47	Neutral Downgraded	16 Dec 2024
Truist Securities Neal Dingmann 33% 1-year accuracy 47 / 141 met price target	46% upside $52	Buy Maintained	13 Dec 2024
RBC Capital Scott Hanold 35% 1-year accuracy 15 / 43 met price target	27% upside $45	Sector Perform Downgraded	20 Nov 2024