Northern Oil and GasNOG
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)
29% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 34
21% more repeat investments, than reductions
Existing positions increased: 136 | Existing positions reduced: 112
2.93% more ownership
Funds ownership: 106.98% [Q2] → 109.91% (+2.93%) [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: $4.02B [Q2] → $3.9B (-$115M) [Q3]
11% less call options, than puts
Call options by funds: $68.5M | Put options by funds: $76.7M
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Truist Securities Neal Dingmann 63% 1-year accuracy 100 / 159 met price target | 31%upside $55 | Buy Maintained | 13 Jan 2025 |
RBC Capital Scott Hanold 72% 1-year accuracy 33 / 46 met price target | 7%upside $45 | Sector Perform Reiterated | 10 Jan 2025 |
Piper Sandler Mark Lear 54% 1-year accuracy 98 / 181 met price target | 12%downside $37 | Neutral Maintained | 17 Dec 2024 |
Mizuho William Janela 52% 1-year accuracy 13 / 25 met price target | 12%upside $47 | Neutral Downgraded | 16 Dec 2024 |
Financial journalist opinion
