Northern Oil and 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. The 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), the Uinta Basin, and the Appalachian Basin (Pennsylvania and Ohio).
Employees: 49
0
Funds holding %
of 7,425 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
203% more first-time investments, than exits
New positions opened: 88 | Existing positions closed: 29
50% more repeat investments, than reductions
Existing positions increased: 155 | Existing positions reduced: 103
50% more funds holding in top 10
Funds holding in top 10: 2 [Q3] → 3 (+1) [Q4]
16% more funds holding
Funds holding: 339 [Q3] → 392 (+53) [Q4]
6% more capital invested
Capital invested by funds: $3.89B [Q3] → $4.14B (+$246M) [Q4]
1.76% more ownership
Funds ownership: 109.7% [Q3] → 111.46% (+1.76%) [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
$34
40%
upside
Avg. target
$40
63%
upside
High target
$45
85%
upside
4 analyst ratings
2 positive
50%
2 neutral
50%
0 negative
0%
RBC Capital Scott Hanold 18% 1-year accuracy 7 / 39 met price target | 40%upside $34 | Sector Perform Reiterated | 17 Apr 2025 |
B of A Securities Noah Hungness 40% 1-year accuracy 8 / 20 met price target | 69%upside $41 | Buy Maintained | 1 Apr 2025 |
Morgan Stanley Devin McDermott 31% 1-year accuracy 9 / 29 met price target | 56%upside $38 | Equal-Weight Maintained | 27 Mar 2025 |
Citigroup Paul Diamond 22% 1-year accuracy 4 / 18 met price target | 85%upside $45 | Buy Maintained | 25 Feb 2025 |
Financial journalist opinion
Based on 10 articles about NOG published over the past 30 days
Neutral
Business Wire
9 hours ago
NOG Expands Credit Facility
MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced the completion of its semi-annual borrowing base redetermination under its reserves-based revolving credit facility (the “Facility”). In connection with the redetermination, the elected commitment amount increased from $1.5 billion to $1.6 billion and the borrowing base remains unchanged at $1.8 billion. The Company's bank group now includes 20 banks with the addition of CIBC Capital Ma.
Neutral
Seeking Alpha
11 hours ago
Northern Oil and Gas, Inc. (NOG) Q1 2025 Earnings Call Transcript
Northern Oil and Gas, Inc. (NYSE:NOG ) Q1 2025 Earnings Conference Call April 30, 2025 9:00 AM ET Company Participants Evelyn Infurna - Vice President of Investor Relations Nick O'Grady - Chief Executive Officer Adam Dirlam - President Chad Allen - Chief Financial Officer Conference Call Participants Noah Hungness - Bank of America Noel Parks - Tuohy Brothers Phillips Johnston - Capital One Operator Greetings and welcome to the NOG's First Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Neutral
Business Wire
19 hours ago
NOG Declares $0.45 Quarterly Cash Dividend, 12.5% Increase Year-over-Year
MINNEAPOLIS--(BUSINESS WIRE)--NOG Declares $0.45 Quarterly Cash Dividend, 12.5% Increase Year-over-Year.
Positive
Zacks Investment Research
1 day ago
Northern Oil and Gas (NOG) Surpasses Q1 Earnings and Revenue Estimates
Northern Oil and Gas (NOG) came out with quarterly earnings of $1.33 per share, beating the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.28 per share a year ago.
Neutral
Business Wire
1 day ago
NOG Announces First Quarter 2025 Results
MINNEAPOLIS--(BUSINESS WIRE)--NOG Announces First Quarter 2025 Results.
Neutral
Business Wire
1 week ago
NOG Publishes 2024 ESG Report
MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE: NOG) (“NOG” or the “Company”) announced today that it published its Environmental, Social and Governance (“ESG”) Report for the year ended December 31, 2024. The report is available on the Company's website under the Sustainability section, in addition to prior year reports. Highlights from the 2024 Report include the publication of a formal ESG Policy, and the implementation of an ESG Risk and Control Matrix and a GHG Inventory Ma.
Negative
Zacks Investment Research
1 week ago
Earnings Preview: Northern Oil and Gas (NOG) Q1 Earnings Expected to Decline
Northern Oil and Gas (NOG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Neutral
Business Wire
2 weeks ago
NOG Provides Update on First Quarter Hedging Results and Shareholder Returns
MINNEAPOLIS--(BUSINESS WIRE)--NOG Provides Update on First Quarter Hedging Results and Shareholder Returns.
Positive
Seeking Alpha
2 weeks ago
Northern Oil And Gas Merits An Accumulate Rating
Northern Oil and Gas, Inc. has seen a nearly 50% stock drop in three months, despite an 8% yield and a $100 million share repurchase program. The company focuses on non-operating, minority interests in unconventional oil and gas properties, leveraging proprietary data and relationships to mitigate risks and optimize investments. Despite strong financials and a peer-leading return on capital, analysts have cooled on the stock due to concerns over fewer investment opportunities with sub-$75 oil prices.
Neutral
Business Wire
2 weeks ago
NOG Schedules First Quarter 2025 Earnings Release and Conference Call
MINNEAPOLIS--(BUSINESS WIRE)--NOG Schedules First Quarter 2025 Earnings Release and Conference Call.
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