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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 $37.05, down 0.8% from the previous day, and has increased 13.2% in one year. It has underperformed other stocks in the Oil & Gas E&P industry by 0.09 percentage points. Northern Oil & Gas stock is currently +19.02% from its 52-week low of $31.13, and -15.31% from its 52-week high of $43.75.

As of Jun 14, 2024, there are 101.06M NOG shares outstanding. The market cap of NOG is $3.74B. In the past 24 hours, 1.54M NOG shares were traded.

How to Buy Northern Oil & Gas Stock

Not sure how to invest in Northern Oil & Gas stock? Here's how.
  1. 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.
  2. Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Deposit funds into your investment account: Select your method of payment and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that enables you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 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.

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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.

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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

NOG Price
$37.05
1w %
-1.33%
1y %
13.2%
5y %
85.25%
P/E
5.82x
P/B
1.87x
P/S
1.88x
PEG
N/A
Revenue
$1.98B
Earnings
$594.39M
Fore. Rev. Growth
5.8%
Fore. Earn. Growth
-4.11%
Market Cap
$3.74B
Next Earnings
Jul 31, 2024
Next Dividend
Jul 31, 2024

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 5.82x, relative to Oil & Gas E&P industry P/E ratio of 13.65x
  • NOG could be undervalued based on its P/B ratio of 1.87x, relative to Oil & Gas E&P industry P/B ratio of 1.89x

You can do more valuation research on NOG's stock here.

NOG Financial Health

Passed Financial Due Diligence Checks:

  • NOG has $32.47M in cash and short term investments. This is sufficient to cover its annual cash burn of $484.93M.
  • Total NOG debt is lower than 5 years ago, relative to shareholder equity.

Failed Financial Due Diligence Checks:

  • There are more long-term liabilities than short-term assets on the NOG balance sheet.
  • NOG has a relatively high debt to equity ratio of 1.32.
  • NOG profit margin has gone down from 59.1% to 30% in the past year.
  • NOG has cash burn of 484928000. It does not have sufficient cash and short-term investments to cover this.
  • There are more short-term liabilities than short-term assets on the NOG balance sheet.

Is it a good time to buy Northern Oil & Gas stock, according to Wall Street analysts?

Out of 11 sell side analysts who research NOG, the consensus analyst rating on Northern Oil & Gas is a Strong Buy

It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.

Most Recent NOG Analyst Forecasts

Devin McDermott, a top 3% analyst from Morgan Stanley maintains NOG with a hold rating and raises their NOG price target from $38.00 to $41.00, on Apr 15, 2024.

Lloyd Byrne, a top 3% analyst from Jefferies maintains NOG with a strong buy rating and raises their NOG price target from $45.00 to $51.00, on Mar 21, 2024.

Jefferies's Lloyd Byrne raised their price target on Northern Oil & Gas (NYSE: NOG) by 13.3% from $45 to $51 on 2024/03/21. The analyst maintained their Strong Buy rating on the stock.

Byrne told readers they made their price target "to be more in line with the intrinsic value implied by its net asset value estimate of $52 and discount cash-flow valuations of $5."

Northern Oil and Gas has a unique opportunity as the premier consolidator across U.S. shale, the analyst said, "and over time, with additional scale and consistency of operations through M&A, the stock's multiple should improve."

Scott Hanold, a top 5% 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 17% 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.

You can dig deeper into what analysts are saying on the Northern Oil & Gas stock forecast page.

NOG Technicals

SMA10
37.87
SMA20
39.02
SMA50
40.53
SMA100
38.21
SMA200
38.17
MACD
-0.81
MACD Signal
-0.65
MACD Histogram
-0.16
RSI
34.24
Stochastic %K
14.1
Stochastic %D
18.29
StochRSI %K
9.31
StochRSI %D
18.39

Is NOG Growing Revenue?

Last year, NOG earnings were $594.39M. Over the last five year, NOG's earnings have grown by 17.21% per year. This was slower than the Oil & Gas E&P industry average of 19.48%.

Last year, NOG revenue was $1.98B. Over the last 5 year, NOG's revenue has grown by 26.75% per year. This was faster than the Oil & Gas E&P industry average of 19.02%.

Dive into NOG's earnings and revenue performance here.

Latest Insiders Trades at NOG

Over the past 12 months, insiders at NOG have sold more shares than they have bought.

Adam A. Dirlam, President of NOG, was the latest NOG insider to sell. They sold $8,335.44 worth of NOG shares on Jun 3, 2024.

Get more info about who owns NOG stock here.

Does NOG stock generate passive income?

Northern Oil & Gas pays a dividend of 4.18%, compared to the Oil & Gas E&P industry's average dividend yield of 3.35%. If you owned $1,000 of NOG stock, you would have been paid $41.84 in the past 12 months.

Dig into more info about Northern Oil & Gas dividend yield and history here.

What do other traders have to say about NOG?

One of the major reasons eToro is our favorite brokerage is because of its social trading community.

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Step 5: Place your NOG trade

There are two main order types:

  • 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 fine.
  • Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at a given price, place a limit order.

Press the Open Trade button and eToro will place the order.

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Step 6: Track your NOG position

Now that you own some shares in NOG, you'll want to stay up-to-date on your stock purchase.

Start a watchlist to get alerted to the latest events about your NOG stock.

NOG Feed

How to Buy Stock in Northern Oil & Gas

To reiterate, here are the 6 steps to buy stock in Northern Oil & Gas:

  1. Decide where to buy Northern Oil & Gas stock
  2. Create a brokerage account
  3. Deposit funds into your investment account
  4. Research Northern Oil & Gas stock
  5. Place your NOG trade
  6. Track your NOG position

If you require a brokerage account, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to keep tabs on your new investment in Northern Oil & Gas, add NOG to your watchlist by clicking the button below.

NYSE: NOG
$37.05-0.30 (-0.8%)
Updated Jun 14, 2024
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NYSE: NOG
$37.05-0.30 (-0.8%)
Updated Jun 14, 2024
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FAQ

How much does it cost to buy one Northern Oil & Gas share?

As of Jun 14, 2024, it costs $37.05 to buy one share of Northern Oil & Gas stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.27 shares of NOG.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Northern Oil & Gas stock?

According to 11 Wall Street analysts who monitor Northern Oil & Gas, their consensus recommendation is to buy Northern Oil & Gas stock.

What is the best way to buy Northern Oil & Gas stock?

One way to place an order for Northern Oil & Gas stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information 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.