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Northern Oil And Gas (NOG)
NYSE:NOG
Northern Oil And Gas (NOG) Stock Price & Analysis
1,389 Followers
NOG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$30.49 - $43.29
Previous Close$39.48
Volume1.96M
Average Volume (3M)1.30M
Market Cap
$3.99B
Enterprise Value$5.90B
Total Cash (Recent Filing)$32.47M
Total Debt (Recent Filing)$1.94B
Price to Earnings (P/E)6.4
Beta0.91
Next Earnings
Jul 30, 2024EPS Estimate
$1.24Last Dividend Ex-Date
Jun 27, 2024Dividend Yield4%
Share Statistics
EPS (TTM)6.17
Shares Outstanding101,055,323
10 Day Avg. Volume1,306,976
30 Day Avg. Volume1,296,810
Standard Deviation0.19
R-Squared0.23
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)1.81
Price to Sales (P/S)1.95
Price to Cash Flow (P/CF)2.70
P/FCF Ratio71.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.25
Enterprise Value/Gross Profit6.45
Enterprise Value/Ebitda4.88
Forecast
1Y Price Target
$49.78Price Target Upside22.34% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
Northern Oil And Gas News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceNOG's 1Q Adjusted EBITDA of approximately $387 million beat consensus estimates, driven by a production beat from pulled-forward activity and better realizations and operating expenses.
Growth OpportunitiesAmple opportunities for additional growth both via ground-game and larger potential deals.
Strategic AcquisitionNOG enters the Uinta basin in a $510 million deal, expected to add over 97 locations and more than 10.5 mboed net to NOG.
Bears Say
Capital ExpendituresThere are timing concerns around 1Q24 and FY capex.
Financial PerformanceThe capital spending level was a heavy area of focus amid concerns for its impact on cash flows.
Stock PriceTarget price reduced to $50/share given pricing volatility and the potential for shifts in their operational cadence in coming quarters.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
NOG FAQ
What was Northern Oil And Gas’s price range in the past 12 months?
Northern Oil And Gas lowest stock price was $30.49 and its highest was $43.29 in the past 12 months.
What is Northern Oil And Gas’s market cap?
Currently, no data Available
When is Northern Oil And Gas’s upcoming earnings report date?
Northern Oil And Gas’s upcoming earnings report date is Jul 30, 2024 which is in 12 days.
How were Northern Oil And Gas’s earnings last quarter?
Northern Oil And Gas released its earnings results on Apr 30, 2024. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.178 by $0.102.
Is Northern Oil And Gas overvalued?
According to Wall Street analysts Northern Oil And Gas’s price is currently Undervalued.
Does Northern Oil And Gas pay dividends?
Northern Oil And Gas pays a Quarterly dividend of $0.4 which represents an annual dividend yield of 4%. See more information on Northern Oil And Gas dividends here
What is Northern Oil And Gas’s EPS estimate?
Northern Oil And Gas’s EPS estimate is $1.24.
How many shares outstanding does Northern Oil And Gas have?
Northern Oil And Gas has 101,055,320 shares outstanding.
What happened to Northern Oil And Gas’s price movement after its last earnings report?
Northern Oil And Gas reported an EPS of $1.28 in its last earnings report, beating expectations of $1.178. Following the earnings report the stock price went down -6.336%.
Which hedge fund is a major shareholder of Northern Oil And Gas?
Among the largest hedge funds holding Northern Oil And Gas’s share is 12th Street Asset Management Company, LLC. It holds Northern Oil And Gas’s shares valued at 16M.
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Northern Oil And Gas Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$49.78 (22.34% Upside)
$49.78 (22.34% Upside)
Blogger Sentiment
Neutral
NOG Sentiment 50%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Increased
By 230.6K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▼ 1.7%
Last 30 Days ▲ 27.8%
Last 30 Days ▲ 27.8%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
14.80%
12-Months-Change
Fundamentals
Return on Equity
38.98%
Trailing 12-Months
Asset Growth
38.62%
Trailing 12-Months
Company Description
Northern Oil And Gas
Northern Oil & Gas, Inc. engages in the acquisition, exploration, development, and production of crude oil and natural gas properties. It focuses on the Bakken and Three Forks formation within the Williston Basin in North Dakota and Montana. The company was founded on March 20, 2007 and is headquartered in Minnetonka, MN.
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NOG Company Deck
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NOG Earnings Call
Q1 2024
0:00 / 0:00
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NOG Stock 12 Month Forecast
Average Price Target
$49.78
▲(22.34% Upside)
Technical Analysis
Best Analysts Covering NOG
1 Year
1 Year Success Rate
34/35 ratings generated profit
1 Year Average Return
+37.92%
reiterated a buy rating 16 days ago
Copying Scott Hanold's trades and holding each position for 1 Year would result in 97.14% of your transactions generating a profit, with an average return of +37.92% per trade.
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