How to Buy Northern Oil & Gas Stock
Northern Oil & Gas Inc
Northern Oil & Gas, Inc. engages in the acquisition, exploration, development, and production of crude oil and natural gas properties.
Northern Oil & Gas stock last closed at $42.97, down 0.32% from the previous day, and has increased 27.36% in one year. It has overperformed other stocks in the Oil & Gas E&P industry by 0.09 percentage points. Northern Oil & Gas stock is currently +45.32% from its 52-week low of $29.57, and -1.53% from its 52-week high of $43.64.
As of Apr 24, 2024, there are 100.87M NOG shares outstanding. The market cap of NOG is $4.33B. In the past 24 hours, 1.16M NOG shares were traded.
How to Buy Northern Oil & Gas Stock
Not sure how to invest in Northern Oil & Gas stock? Here's how.
- Decide where to buy Northern Oil & Gas stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you choose where to buy Northern Oil & Gas stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Select your method of payment and add your information.
- Research Northern Oil & Gas stock: The Northern Oil & Gas ticker symbol is NOG. Is Northern Oil & Gas stock a good investment? Should you buy shares of NOG? How do NOG's underlying business fundamentals look? Do top analysts think Northern Oil & Gas is a good buy? Why has NOG's stock price moved recently? (Hint: Our stock market analysis tools can help you decide if NOG is a good stock to buy).
- Place your NOG trade: Decide if you will purchase NOG shares at the current market price or use a limit order to buy NOG stock at a particular price.
- Track your NOG position: Create a watchlist to get the latest news on your position in Northern Oil & Gas shares.
Step 1: Decide where to buy Northern Oil & Gas stock
You need an online brokerage account in order to access the NYSE market and buy NOG stock.
Our recommended brokerage: eToro
In our opinion, eToro is the best online stock brokerage. Here's why:
- Invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
- Access to world markets: From Tech to Real Estate, New York to Hong Kong — you can fill your portfolio with stocks from the globe's leading exchanges.
- Social investing: eToro offers a community of more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your share purchase by signing up for an account with eToro now.
Open eToro AccountStep 2: Create a brokerage account
Now that you've picked the right brokerage, it's time to fill out some personal details so you are able to buy NOG stock today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to open a new trading account.
- Send your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've created your account on the best stock app, your next step is to transfer the money for your investment:
Watch the walkthrough below if you need help depositing funds into your new investment account.
Step 4: Research Northern Oil & Gas stock
After you have selected the best place to buy Northern Oil & Gas stock, it's crucial to evaluate their stock before you invest, so you actually wrap your head around the risk and upside.
Northern Oil & Gas quick stats
Northern Oil & Gas Overview
WallStreetZen was created to help part-time investors do better fundamental analysis.
You can see all of the due diligence checks on NOG's stock page.
Is NOG stock properly valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge NOG's intrinsic value.
Using relative valuations measures:
- NOG may be undervalued based on its P/E ratio of 4.26x, relative to Oil & Gas E&P industry P/E ratio of 15.16x
- NOG could be undervalued based on its P/B ratio of 2.12x, relative to Oil & Gas E&P industry P/B ratio of 2.15x
- NOG may be undervalued based on its PEG ratio of 0.49x
You can do more valuation research on NOG's stock here.
NOG Financials at a glance
Passed Financial Due Diligence Checks:
- There are more short-term assets than short-term liabilities on the NOG balance sheet.
- Total NOG debt is lower than 5 years ago, relative to shareholder equity.
- NOG has $8.20M in cash and short term investments. This is sufficient to cover its annual cash burn of $661.93M.
Failed Financial Due Diligence Checks:
- NOG has cash burn of 661931000. It does not have sufficient cash and short-term investments to cover this.
- NOG has a relatively high debt to equity ratio of 1.19.
- There are more long-term liabilities than short-term assets on the NOG balance sheet.
- NOG profit margin has gone down from 46.3% to 42.6% in the past year.
Do Wall Street analysts think it's a good time to buy Northern Oil & Gas stock
Out of 9 sell side analysts who give forecasts on NOG, the consensus analyst rating on Northern Oil & Gas is a Buy
It's important to note that analyst ratings are not recommendations, nor are they financial advice.
Latest NOG Analyst Forecasts
Scott Hanold, a top 2% analyst from RBC Capital reiterates NOG with a buy rating and maintains their NOG price target from $46.00 to $46.00, on Mar 6, 2024.
Scott Gruber, a top 12% analyst from Citigroup maintains NOG with a strong buy rating and lowers their NOG price target from $50.00 to $45.00, on Feb 28, 2024.
John Freeman, a top 1% analyst from Raymond James maintains NOG with a strong buy rating and lowers their NOG price target from $51.00 to $45.00, on Jan 24, 2024.
John Abbott, a bottom 14% analyst from Bank of America downgrades NOG to a sell rating and announces their NOG price target of $39.00, on Jan 5, 2024.
You can dive deeper into what analysts are forecasting on the Northern Oil & Gas stock forecast page.
NOG Technicals
Is NOG Growing Revenue?
Last year, NOG earnings were $922.97M. Over the last 5 year, NOG's earnings have gone up by 10.66% per year. This was slower than the Oil & Gas E&P industry average of 12.87%.
Last year, NOG revenue was $2.17B. During the past 5 year, NOG's revenue has gone up by 26.12% per year. This was faster than the Oil & Gas E&P industry average of 19.2%.
Find out more about NOG's earnings and revenue performance here.
Latest Insiders Trades at NOG
In the past 12 months, executives and large shareholders at NOG have sold more shares than they have bought.
James B. Evans, Chief Technical Officer of NOG, was the latest NOG insider to sell. They sold $132,300.00 worth of NOG stock on Apr 9, 2024.
Dig into more about who owns NOG stock here.
Can I get consistent income from NOG stock?
Northern Oil & Gas pays a dividend of 3.61%, compared to the Oil & Gas E&P industry's average dividend yield of 3.56%. If you owned $1,000 worth of NOG stock, you would have been paid $36.07 in the past 12 months.
Get more data about Northern Oil & Gas dividend yield and history here.
Get analysis from other investors
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Place your NOG trade
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally the easiest way to buy. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact price limit, place a limit order.
Click the Open button and eToro will place your order.
If you require additional help with buying stocks on eToro, watch the how to video below:
Step 6: Track your NOG position
Now that you own some shares in NOG, you'll want to keep up with your new investment.
Add NOG to a watchlist to track your NOG stock.
NOG Feed
How to Buy Stock in Northern Oil & Gas
To summarize, here are the 6 steps to buy stock in Northern Oil & Gas:
- Decide where to buy Northern Oil & Gas stock
- Create a brokerage account
- Deposit funds into your investment account
- Research Northern Oil & Gas stock
- Place your NOG trade
- Track your NOG position
If you need a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep tabs on your investment in Northern Oil & Gas, get started below.
Related Articles
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.