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 $31.21, down 2.35% from the previous day, and has increased 29.18% in one year. It has underperformed other stocks in the Oil & Gas E&P industry by 0.02 percentage points. Northern Oil & Gas stock is currently +45.5% from its 52-week low of $21.45, and -20.18% from its 52-week high of $39.10.
As of Feb 6, 2023, there are 77.87M NOG shares outstanding. The market cap of NOG is $2.43B. In the past 24 hours, 2.41M NOG shares were traded.
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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.
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You can see all of the due diligence checks on NOG's stock page.
Investors use a variety of different financial metrics, analyses, models, and charts to gauge NOG's intrinsic value.
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You can do more valuation research on NOG's stock here.
Out of 9 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.
John Freeman, a top 1% analyst from Raymond James maintains NOG with a strong buy rating and lowers their NOG price target from $60.00 to $55.00, on Jan 4, 2023.
Scott Hanold, a top 4% analyst from RBC Capital maintains NOG with a buy rating and raises their NOG price target from $42.00 to $46.00, on Nov 14, 2022.
Lloyd Byrne, a top 1% analyst from Jefferies initiates coverage on NOG with a strong buy rating and announces their NOG price target of $37.00, on Oct 19, 2022.
Mark Lear, a top 9% analyst from Piper Sandler maintains NOG with a strong buy rating and raises their NOG price target from $51.00 to $59.00, on Oct 18, 2022.
Lear raised his price target on Northen Oil and Gas, Inc. by 15.7% ahead of the release of the company's Q3 2022 earnings report, expected on 2022/11/04.
Having taken a deep dive into his Large Cap E&P coverage area, the analyst reported that "after volatility last month, the oil and gas exploration and production sector is "back on solid footing heading" into Q3's reporting season.
"OPEC+ supply cuts are mostly to thank," Lear explained.
The current MarketWatchConsensus EPS Estimate for Northern's Q3 is $1.79 which, if achieved, would represent a 113% increase over Q3 2021's $0.84.
Neal Dingmann, a top 1% analyst from Truist Securities maintains NOG with a strong buy rating and raises their NOG price target from $65.00 to $66.00, on Oct 13, 2022.
You can dig deeper into what analysts are saying on the Northern Oil & Gas stock forecast page.
Last year, NOG earnings were $765.53M. Over the last five year, NOG's earnings have grown by 91.83% per year. This was slower than the Oil & Gas E&P industry average of 112.72%.
Last year, NOG revenue was $1.52B. Over the last 5 year, NOG's revenue has grown by 48.8% per year. This was faster than the Oil & Gas E&P industry average of 27.3%.
Dive into NOG's earnings and revenue performance here.
Over the past 12 months, insiders at NOG have sold more shares than they have bought.
Robert B. Rowling, was the latest NOG insider to sell. They sold $7,514,969.40 worth of NOG shares on Nov 15, 2022.
Get more info about who owns NOG stock here.
Northern Oil & Gas pays a dividend of 2.82%, compared to the Oil & Gas E&P industry's average dividend yield of 4.69%. If you owned $1,000 of NOG stock, you would have been paid $28.20 in the past 12 months.
Dig into more info about Northern Oil & Gas dividend yield and history here.
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