Northern Oil and Gas (NOG)

• Market cap: $3.27B
• 1 day: -6.73%
• 5 days: -4.38%
• 1 month: -18.46%
• 3 months: -22.06%
• 6 months: -12.74%
• Year to date: -12.61%
• 1 year: -5.42%
• 5 years: 110.19%
• 10 years: -59.31%
• 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 Q4 regulatory filings by fund managers ($100M+ AUM)

186% more first-time investments, than exits

New positions opened: 83 | Existing positions closed: 29

50% more funds holding in top 10

Funds holding in top 10: 2 [Q3] → 3 (+1) [Q4]

47% more repeat investments, than reductions

Existing positions increased: 151 | Existing positions reduced: 103

13% more funds holding

Funds holding: 339 [Q3] → 382 (+43) [Q4]

6% more capital invested

Capital invested by funds: $3.9B [Q3] → $4.13B (+$226M) [Q4]

1.22% more ownership

Funds ownership: 109.94% [Q3] → 111.17% (+1.22%) [Q4]

5% less call options, than puts

Call options by funds: $67.7M | Put options by funds: $71.4M

Research analyst outlook

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

• Low target: $35 6% upside
• Avg. target: $44 34% upside
• High target: $55 67% upside

4 analyst ratings

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

RBC Capital Scott Hanold 34% 1-year accuracy 15 / 44 met price target	21% upside $40	Sector Perform Maintained	13 Feb 2025
Piper Sandler Mark Lear 47% 1-year accuracy 82 / 174 met price target	6% upside $35	Neutral Maintained	29 Jan 2025
Truist Securities Neal Dingmann 41% 1-year accuracy 63 / 153 met price target	67% upside $55	Buy Maintained	13 Jan 2025
Mizuho William Janela 36% 1-year accuracy 9 / 25 met price target	42% upside $47	Neutral Downgraded	16 Dec 2024