Northern Oil and Gas
NOG

$40.19

1.85%

Market Cap: 4.06B

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 6,702 funds

0

Analysts bullish %

of 18 analysts

0

News positive %

of 6 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

128% more call options, than puts

Call options by funds: $110M | Put options by funds: $48.1M

20% more funds holding in top 10

Funds holding in top 10: 5 [Q4 2023] → 6 (+1) [Q1 2024]

17% more first-time investments, than exits

New positions opened: 56 | Existing positions closed: 48

9% more capital invested

Capital invested by funds: $3.74B [Q4 2023] → $4.08B (+$334M) [Q1 2024]

3% more funds holding

Funds holding: 319 [Q4 2023] → 327 (+8) [Q1 2024]

1.58% more ownership

Funds ownership: 100.36% [Q4 2023] → 101.94% (+1.58%) [Q1 2024]

7% less repeat investments, than reductions

Existing positions increased: 112 | Existing positions reduced: 121

See Fund Rankings

Research analyst outlook

18 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$38

5%

downside

Avg. target

$48

19%

upside

High target

$56

39%

upside

18 analyst ratings

13 positive

72%

5 neutral

28%

0 negative

0%

Truist Securities Neal Dingmann	34%upside $54	Buy Maintained	22 Jul 2024
B of A Securities Noah Hungness	22%upside $49	Buy Maintained	10 Jul 2024
RBC Capital Scott Hanold	14%upside $46	Outperform Reiterated	3 Jul 2024
B of A Securities Noah Hungness	19%upside $48	Buy Reinstated	14 Jun 2024
Piper Sandler Mark Lear	7%upside $43	Neutral Maintained	14 May 2024

See Analyst Rankings

Financial journalist opinion

Based on 6 articles about NOG published over the past 30 days

Zacks Investment Research

Northern Oil and Gas (NOG) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Northern Oil and Gas (NOG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Northern Oil and Gas (NOG) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

24/7 Wall Street

Top Wall Street Bank Loves 5 High-Yield Dividend Stocks for Second Half of 2024

24/7 Insights Quality dividend stocks could outperform over the next year.

Top Wall Street Bank Loves 5 High-Yield Dividend Stocks for Second Half of 2024

Top Wall Street analysts are pounding the table on these 3 dividend stocks

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Walmart and JPMorgan Chase.

Top Wall Street analysts are pounding the table on these 3 dividend stocks

NOG Schedules Second Quarter 2024 Earnings Release and Conference Call

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

NOG Schedules Second Quarter 2024 Earnings Release and Conference Call

Zacks Investment Research

Northern Oil (NOG) Expands With Uinta Basin Acquisition

By expanding its footprint in the Uinta Basin, Northern Oil and Gas (NOG) continues to solidify its status as a premier non-operated oil and gas company, poised for long-term success.

Northern Oil (NOG) Expands With Uinta Basin Acquisition

SM ENERGY ANNOUNCES HIGHLY ACCRETIVE $2.0 BILLION UINTA BASIN ACQUISITION, 11% INCREASE TO FIXED DIVIDEND AND RELOADED $500 MILLION SHARE REPURCHASE PROGRAM

DENVER , June 27, 2024 /PRNewswire/ -- SM Energy Company (the "Company" or "SM Energy") (NYSE: SM) today announces that it has entered into an agreement to acquire the Uinta Basin oil and gas assets owned by certain entities affiliated with XCL Resources, LLC ("XCL"), a private company backed by EnCap Investments L.P. ("EnCap") and Rice Investment Group ("Rice"), for an unadjusted purchase price of $2.55 billion.

SM ENERGY ANNOUNCES HIGHLY ACCRETIVE $2.0 BILLION UINTA BASIN ACQUISITION, 11% INCREASE TO FIXED DIVIDEND AND RELOADED $500 MILLION SHARE REPURCHASE PROGRAM

NOG Declares $0.40 Quarterly Cash Dividend

MINNEAPOLIS--(BUSINESS WIRE)--NOG Declares $0.40 Quarterly Cash Dividend.

NOG Declares $0.40 Quarterly Cash Dividend

Zacks Investment Research

Northern (NOG) Q1 Earnings & Revenues Outpace Estimates

Northern (NOG) expects to spend in the range of $240-$260 million in the second quarter. The total budget for 2024 is projected to be between $825 million and $900 million.

Northern (NOG) Q1 Earnings & Revenues Outpace Estimates

Northern Oil and Gas, Inc. (NOG) Q1 2024 Earnings Call Transcript

Northern Oil and Gas, Inc. (NYSE:NOG ) Q1 2024 Earnings Conference Call April 30, 2024 10:00 AM ET Company Participants Evelyn Infurna - VP, IR Nick O'Grady - CEO Adam Dirlam - President Chad Allen - CFO Jim Evans - Chief Technical Officer Conference Call Participants Neal Dingmann - Truist Securities Phillips Johnston - Capital One Scott Hanold - RBC Charles Meade - Johnson Rice Derrick Whitfield - Stifel Donovan Schafer - Northland Capital Lloyd Byrne - Jefferies Paul Diamond - Citi Noel Parks - Tuohy Brothers Operator Greetings and welcome to the NOG's First Quarter 2024 Earnings Conference Call. At this time, all participants are in listen-only mode.

Northern Oil and Gas, Inc. (NOG) Q1 2024 Earnings Call Transcript

Zacks Investment Research

Northern Oil and Gas (NOG) Surpasses Q1 Earnings and Revenue Estimates

Northern Oil and Gas (NOG) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $1.76 per share a year ago.

Northern Oil and Gas (NOG) Surpasses Q1 Earnings and Revenue Estimates

See News Rankings