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 7,312 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
26% more call options, than puts
Call options by funds: $52.8M | Put options by funds: $42.1M
2.58% more ownership
Funds ownership: 111.47% [Q4 2024] → 114.05% (+2.58%) [Q1 2025]
5% more repeat investments, than reductions
Existing positions increased: 136 | Existing positions reduced: 129
8% less funds holding
Funds holding: 393 [Q4 2024] → 363 (-30) [Q1 2025]
17% less capital invested
Capital invested by funds: $4.14B [Q4 2024] → $3.42B (-$719M) [Q1 2025]
32% less first-time investments, than exits
New positions opened: 50 | Existing positions closed: 73
33% less funds holding in top 10
Funds holding in top 10: 3 [Q4 2024] → 2 (-1) [Q1 2025]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$30
2%
downside
Avg. target
$34
11%
upside
High target
$38
24%
upside
6 analyst ratings
3 positive
50%
3 neutral
50%
0 negative
0%
Citigroup Paul Diamond | 24%upside $38 | Buy Maintained | 9 Jul 2025 |
B of A Securities Noah Hungness | 7%upside $33 | Buy Maintained | 23 May 2025 |
Raymond James John Freeman | 17%upside $36 | Strong Buy Maintained | 13 May 2025 |
Piper Sandler Mark Lear | 2%downside $30 | Neutral Maintained | 13 May 2025 |
Mizuho William Janela | 7%upside $33 | Neutral Maintained | 13 May 2025 |
Financial journalist opinion
Based on 3 articles about NOG published over the past 30 days
Positive
Seeking Alpha
2 weeks ago
Northern Oil And Gas: A Fair Income Play With Potential Price Recovery
NOG's production and revenue show promising growth in the recent Q1 report, but more proof is needed for the growth recovery. The stock offers a compelling 6% dividend yield, supported by a low payout ratio and a strong dividend history since 2021. A reasonable income play. NOG trades at a discount to its 5-year PEG average, presenting a value opportunity with the potential for price appreciation and total return.
Neutral
Business Wire
3 weeks ago
NOG Closes Upsized Reopening of its 3.625% Convertible Unsecured Senior Notes Due 2029
MINNEAPOLIS--(BUSINESS WIRE)--NOG Closes Upsized Reopening of its 3.625% Convertible Unsecured Senior Notes Due 2029; Raised over $200M in Gross Proceeds.
Neutral
Business Wire
4 weeks ago
NOG Announces Proposed Reopening of 3.625% Convertible Senior Notes Due 2029
MINNEAPOLIS--(BUSINESS WIRE)--NOG Announces Proposed Reopening of 3.625% Convertible Senior Notes Due 2029.
Positive
Zacks Investment Research
1 month ago
Northern Oil and Gas (NOG) Up 12.4% Since Last Earnings Report: Can It Continue?
Northern Oil and Gas (NOG) reported earnings 30 days ago. What's next for the stock?
Positive
24/7 Wall Street
1 month ago
3 Strong Buy Ultra-High-Yield Dividend Stocks You Probably Never Heard Of
Investors love dividend stocks, especially high-yield varieties, because they offer a significant income stream and have substantial total return potential.
Positive
Zacks Investment Research
2 months ago
Northern Oil and Gas (NOG) Reports Q1 Earnings: What Key Metrics Have to Say
The headline numbers for Northern Oil and Gas (NOG) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Positive
Zacks Investment Research
2 months ago
Northern's Q1 Earnings Beat Estimates, Revenues Increase Y/Y
NOG expects an average daily production of 130,000-135,000 barrels of oil equivalent for 2025, with oil production in the range of 75,000-79,000 barrels per day.
Positive
Seeking Alpha
2 months ago
Northern Oil and Gas: Strong Q1 2025 Performance, But Share Repurchase Ability May Be Constrained
Northern's Q1 2025 production exceeded its full-year guidance midpoint by 2% despite prior indications that it would be a lower volume quarter. Northern's Uinta Basin volumes improved more than 15% from Q4 2024. Northern is well hedged on oil for 2025, but its projected FCF at high-$50s oil for the remainder of the year is only slightly higher than its current dividend.
Neutral
Business Wire
2 months 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
2 months 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.
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