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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 $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.

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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  2. Enter your personal data to open a new trading account.
  1. Send your info by hitting the "Create Account" button.
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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:

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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
$31.21
1w %
-6.81%
1y %
29.18%
5y %
56.05%
P/E
3x
P/B
3.43x
P/S
1.61x
PEG
N/A
Revenue
$1.52B
Earnings
$765.53M
Fore. Rev. Growth
26.76%
Fore. Earn. Growth
-5.77%
Market Cap
$2.43B
Next Earnings
Feb 23, 2023
Next Dividend
N/A

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 3x, relative to Oil & Gas E&P industry P/E ratio of 7.33x
  • NOG could be overvalued based on its P/B ratio of 3.43x, relative to Oil & Gas E&P industry P/B ratio of 2.24x

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

NOG Financial Health

Passed Financial Due Diligence Checks:

  • NOG profit margin has gone up from -143.1% to 50.4% in the past year.
  • 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 2.49.
  • NOG has $43.13M in cash and short term investments. This is not sufficient to cover its annual cash burn of $284.87M.
  • NOG has cash burn of 284868000. 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 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.

Most Recent NOG Analyst Forecasts

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.

NOG Technicals

SMA10
32.68
SMA20
32.14
SMA50
32.21
SMA100
32.53
SMA200
30.57
MACD
0.15
MACD Signal
0.21
MACD Histogram
-0.07
RSI
45.09
Stochastic %K
18.58
Stochastic %D
29.58
StochRSI %K
3.74
StochRSI %D
16.62

Is NOG Growing Revenue?

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.

Latest Insiders Trades at NOG

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.

Does NOG stock generate passive income?

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.

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

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
$31.21-0.75 (-2.35%)
Updated Feb 6, 2023
Open eToro Account
NYSE: NOG
$31.21-0.75 (-2.35%)
Updated Feb 6, 2023
Open eToro Account

FAQ

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

As of Feb 6, 2023, it costs $31.21 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 0.32 shares of NOG.

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

According to 9 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.