NOG icon

Northern Oil and Gas

35.16 USD
-1.07
2.95%
Updated Feb 12, 1:15 PM EST
1 day
-2.95%
5 days
-3.64%
1 month
-13.80%
3 months
-13.57%
6 months
-9.92%
Year to date
-6.89%
1 year
5.71%
5 years
118.39%
10 years
-58.04%
 

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

0
Funds holding %
of 6,831 funds
0
Analysts bullish %
of 4 analysts

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

22% more repeat investments, than reductions

Existing positions increased: 137 | 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] → 338 (+7) [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

Low target
$35
0%
upside
Avg. target
$46
29%
upside
High target
$55
56%
upside

4 analyst ratings

positive
25%
neutral
75%
negative
0%
Piper Sandler
Mark Lear
44% 1-year accuracy
78 / 176 met price target
0%downside
$35
Neutral
Maintained
29 Jan 2025
Truist Securities
Neal Dingmann
35% 1-year accuracy
55 / 156 met price target
56%upside
$55
Buy
Maintained
13 Jan 2025
RBC Capital
Scott Hanold
38% 1-year accuracy
17 / 45 met price target
28%upside
$45
Sector Perform
Reiterated
10 Jan 2025
Mizuho
William Janela
36% 1-year accuracy
9 / 25 met price target
34%upside
$47
Neutral
Downgraded
16 Dec 2024

Financial journalist opinion

Based on 4 articles about NOG published over the past 30 days

Negative
Zacks Investment Research
2 hours ago
Analysts Estimate Northern Oil and Gas (NOG) to Report a Decline in Earnings: What to Look Out for
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.
Analysts Estimate Northern Oil and Gas (NOG) to Report a Decline in Earnings: What to Look Out for
Positive
Zacks Investment Research
1 week ago
4 Energy Stocks Rewarding Investors With Dividend Hikes
Despite the energy sector's ups and downs, dividends are rising. Here's a look at the recent payout hikes from CVX, IMO, NOG, and MGY.
4 Energy Stocks Rewarding Investors With Dividend Hikes
Neutral
Business Wire
2 weeks ago
NOG Declares $0.45 Quarterly Cash Dividend, 12.5% Increase Year over Year; Provides Update on Share Repurchases
MINNEAPOLIS--(BUSINESS WIRE)--NOG Declares $0.45 Quarterly Cash Dividend, 12.5% Increase Year over Year; Provides Update on Share Repurchases.
NOG Declares $0.45 Quarterly Cash Dividend, 12.5% Increase Year over Year; Provides Update on Share Repurchases
Neutral
Business Wire
3 weeks ago
NOG Schedules Fourth Quarter and Year-End 2024 Earnings Release and Conference Call
MINNEAPOLIS--(BUSINESS WIRE)--NOG Schedules Fourth Quarter and Year-End 2024 Earnings Release and Conference Call.
NOG Schedules Fourth Quarter and Year-End 2024 Earnings Release and Conference Call
Positive
Seeking Alpha
1 month ago
Northern Oil And Gas Returns To Appalachian Investment In 2025
Northern's Q3 2024 results were roughly in line with expectations, and it reaffirmed its full-year production and capex guidance. It plans to increase its quarterly dividend to $0.45 per share in 2025, around 10% higher than its average 2024 dividend. Northern entered into a joint development agreement in Appalachia for up to $160 million in 2025 spending.
Northern Oil And Gas Returns To Appalachian Investment In 2025
Neutral
Business Wire
1 month ago
NOG Responds to Reuters Article in Regard to Potential Business Combination
MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE: NOG) (“NOG” or the “Company”) has a policy on not responding to acquisition rumors, however the Company believes that today's article regarding NOG's potential acquisition of Granite Ridge Resources (“Granite Ridge”) requires a response. As the largest publicly traded dedicated non-operator, NOG has a large pipeline of acquisition opportunities and the Company frequently sends expressions of interest to acquire assets or businesses.
NOG Responds to Reuters Article in Regard to Potential Business Combination
Positive
Reuters
1 month ago
Exclusive: Northern Oil and Gas in bid to acquire smaller rival Granite Ridge, sources say
Northern Oil and Gas has made an acquisition offer for Granite Ridge Resources , a smaller U.S. producer with operations in basins including the Permian and Eagle Ford, according to people familiar with the matter.
Exclusive: Northern Oil and Gas in bid to acquire smaller rival Granite Ridge, sources say
Positive
Zacks Investment Research
1 month ago
Northern Oil and Gas Inks $160M Appalachia Development Program
NOG enters a $160M joint venture to boost natural gas development in Appalachia, strengthening its gas inventory and stakeholder value.
Northern Oil and Gas Inks $160M Appalachia Development Program
Neutral
Business Wire
2 months ago
NOG Enters into Appalachian Joint Development Program
MINNEAPOLIS--(BUSINESS WIRE)--NOG Enters into Appalachian Joint Development Program.
NOG Enters into Appalachian Joint Development Program
Neutral
Business Wire
2 months ago
NOG Publishes 2023 ESG Report
MINNEAPOLIS--(BUSINESS WIRE)--NOG Publishes 2023 ESG Report.
NOG Publishes 2023 ESG Report
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