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Northern Oil And Gas (NOG)
NYSE:NOG
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NOG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$31.13 - $43.80
Previous Close$34.89
Volume1.29M
Average Volume (3M)1.50M
Market Cap
$3.50B
Enterprise Value$5.36B
Total Cash (Recent Filing)$7.78M
Total Debt (Recent Filing)$1.87B
Price to Earnings (P/E)6.2
Beta0.86
Next Earnings
Oct 31, 2024EPS Estimate
$1.34Next Dividend Ex-Date
Sep 27, 2024Dividend Yield4.59%
Share Statistics
EPS (TTM)5.65
Shares Outstanding100,172,478
10 Day Avg. Volume1,455,326
30 Day Avg. Volume1,498,733
Standard Deviation0.19
R-Squared0.24
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)1.69
Price to Sales (P/S)1.60
Price to Cash Flow (P/CF)2.50
P/FCF Ratio6.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.74
Enterprise Value/Gross Profit5.87
Enterprise Value/Ebitda4.39
Forecast
1Y Price Target
$47.36Price Target Upside31.30% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
Northern Oil And Gas News
Bulls Say, Bears Say
Bulls Say
EarningsAdjusted EPS of $1.46 beat BofA and consensus of $1.24 on natural gas realizations and production.
Production GuidanceNOG updated guidance raising the mid-point of FY24 production from 117.5 mboed to 122 mboed and oil production from 71.5 mbd to 74.5 mbd.
Strategic AcquisitionsNOG announced a $1.1bn deal to acquire Point Energy Partners with NOG acquiring an undivided 20% interest for $220mm.
Bears Say
Accounting StandardsControl and timing issues appear in the accrual vs cash capex accounting standards.
Capital ExpenditureThere are timing concerns around 1Q24 and FY capex.
Financial EstimatesThe AFEs are generally overstated during a deflationary period, especially later in the completion process.
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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 $31.13 and its highest was $43.80 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 Oct 31, 2024 which is in 43 days.
How were Northern Oil And Gas’s earnings last quarter?
Northern Oil And Gas released its earnings results on Jul 30, 2024. The company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.241 by $0.219.
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 $0.42 which represents an annual dividend yield of 4.59%. 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 $1.34.
How many shares outstanding does Northern Oil And Gas have?
Northern Oil And Gas has 100,172,480 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 $1.46 in its last earnings report, beating expectations of $1.241. Following the earnings report the stock price went up 6.275%.
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
Moderate Buy
Average Price Target:
$47.36 (31.30% Upside)
$47.36 (31.30% Upside)
Blogger Sentiment
Neutral
NOG Sentiment 60%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Decreased
By 58.8K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 2.2%
Last 30 Days ▼ 7.0%
Last 30 Days ▼ 7.0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-9.46%
12-Months-Change
Fundamentals
Return on Equity
32.44%
Trailing 12-Months
Asset Growth
28.92%
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
Q2 2024
0:00 / 0:00
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NOG Stock 12 Month Forecast
Average Price Target
$47.36
▲(31.30% Upside)
Technical Analysis
Best Analysts Covering NOG
1 Year
1 Year Success Rate
29/35 ratings generated profit
1 Year Average Return
+34.73%
assigned a buy rating 2 months ago
Copying Scott Hanold's trades and holding each position for 1 Year would result in 82.86% of your transactions generating a profit, with an average return of +34.73% per trade.
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