Northern Oil and Gas
NOG

$33.96

1.45%

Market Cap: $3.4B

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 6,710 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

1.85% more ownership

Funds ownership: 103.2% [Q1] → 105.04% (+1.85%) [Q2]

1% less funds holding

Funds holding: 331 [Q1] → 329 (-2) [Q2]

4% less first-time investments, than exits

New positions opened: 43 | Existing positions closed: 45

4% less capital invested

Capital invested by funds: $4.13B [Q1] → $3.94B (-$184M) [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

$40

18%

upside

Avg. target

$49

43%

upside

High target

$55

62%

upside

6 analyst ratings

5 positive

83%

1 neutral

17%

0 negative

0%

Piper Sandler Mark Lear 20% 1-year accuracy 14 / 69 met price target	18%upside $40	Neutral Maintained	15 Aug 2024
Truist Securities Neal Dingmann 32% 1-year accuracy 37 / 114 met price target	62%upside $55	Buy Maintained	1 Aug 2024
Truist Securities Neal Dingmann 32% 1-year accuracy 37 / 114 met price target	59%upside $54	Buy Maintained	22 Jul 2024
B of A Securities Noah Hungness 40% 1-year accuracy 4 / 10 met price target	44%upside $49	Buy Maintained	10 Jul 2024
RBC Capital Scott Hanold 16% 1-year accuracy 6 / 37 met price target	35%upside $46	Outperform Reiterated	3 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 3 articles about NOG published over the past 30 days

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?

Zacks Investment Research

Should Value Investors Buy Northern Oil and Gas (NOG) Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Northern Oil and Gas (NOG) Stock?

Zacks Investment Research

What to Expect From the U.S. Upstream Oil & Gas Industry

Following a careful analysis of the Zacks Oil and Gas - Exploration and Production - United States industry, we advise buying shares of companies like DVN, SM, NOG and AMPY.

What to Expect From the U.S. Upstream Oil & Gas Industry

Zacks Investment Research

Northern Oil and Gas (NOG) to Expand Footprint in Uinta Basin

Northern Oil and Gas (NOG) plans to acquire an additional 20% undivided stake in the Uinta Basin assets for an unadjusted price of $17.5 million in cash.

Northern Oil and Gas (NOG) to Expand Footprint in Uinta Basin

Zacks Investment Research

5 Stocks to Watch on Recent Dividend Hikes Amid Recession Fears

Investors may keep a tab on stocks like BMA, NOG, FOXA, SHIP and MKTX, which have lately hiked their dividend payments.

5 Stocks to Watch on Recent Dividend Hikes Amid Recession Fears

NOG Declares $0.42 Quarterly Cash Dividend, 11% Increase Year-over-Year

MINNEAPOLIS--(BUSINESS WIRE)--NOG Declares $0.42 Quarterly Cash Dividend, 11% Increase Year-over-Year.

NOG Declares $0.42 Quarterly Cash Dividend, 11% Increase Year-over-Year

Zacks Investment Research

3 Standout Stocks of This Week's Busy Earnings Lineup

In the most anticipated week of the Q2 earnings season, several top-rated Zacks stocks are standing out after exceeding their quarterly top and bottom line expectations on Tuesday.

3 Standout Stocks of This Week's Busy Earnings Lineup

Northern Oil and Gas, Inc. (NOG) Q2 2024 Earnings Call Transcript

Northern Oil and Gas, Inc. (NYSE:NOG ) Q2 2024 Earnings Conference Call July 31, 2024 9:00 AM ET Company Participants Evelyn Infurna - VP, IR Nick O'Grady - CEO Adam Dirlam - President Chad Allen - CFO Jim Evans - CTO Conference Call Participants Neal Dingmann - Truist Securities John Freeman - Raymond James Scott Hanold - RBC Donovan Schafer - Northland Capital Markets Charles Meade - Johnson Rice Phillips Johnston - Capital One Paul Diamond - Citi Noah Hungness - Bank of America Securities Noel Parks - Tuohy Brothers Operator Greetings and welcome to the NOG's Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Northern Oil and Gas, Inc. (NOG) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Are Investors Undervaluing Northern Oil and Gas (NOG) Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Northern Oil and Gas (NOG) Right Now?

Zacks Investment Research

Northern (NOG) Q2 Earnings and Revenues Outpace Estimates

Northern (NOG) expects annual oil production of 70,000-73,000 barrels per day and total production of 115,000-120,000 barrels of oil equivalent per day in 2024.

Northern (NOG) Q2 Earnings and Revenues Outpace Estimates

See News Rankings