Date | Price Target | Rating | Analyst |
---|---|---|---|
10/3/2024 | $53.00 | Buy | Jefferies |
9/19/2024 | $47.00 | Outperform | Mizuho |
1/5/2024 | $39.00 | Buy → Underperform | BofA Securities |
1/5/2024 | $40.00 | Equal-Weight | Morgan Stanley |
12/14/2023 | Buy → Accumulate | Johnson Rice | |
8/14/2023 | $46.00 | Overweight → Neutral | Piper Sandler |
1/6/2023 | $38.00 | Neutral → Buy | BofA Securities |
10/19/2022 | $37.00 | Buy | Jefferies |
Jefferies resumed coverage of Northern Oil & Gas with a rating of Buy and set a new price target of $53.00
Mizuho initiated coverage of Northern Oil & Gas with a rating of Outperform and set a new price target of $47.00
BofA Securities downgraded Northern Oil & Gas from Buy to Underperform and set a new price target of $39.00
Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG") closed its previously announced acquisition of Uinta Basin assets from XCL Resources, LLC ("XCL") on October 1, 2024. The closing included the assets previously owned by Altamont Energy, LLC ("Altamont"). These transactions provide NOG with over a decade of Tier 1 inventory across ~15,800 net acres in the Uinta Basin with ~116 net underwritten undeveloped locations and additional exploration upside potential. NOG jointly acquired the assets with SM Energy, Inc. ("SM"), which will become the operator of substantially all the assets. In connection with the transaction, NOG and SM entered into cooperation and long-term joint development agreements
Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG") closed its previously announced acquisition of Delaware Basin assets from Point Energy Partners, LLC ("Point"), a Vortus Investments company, on September 20, 2024. NOG jointly acquired the assets with Vital Energy, Inc. ("Vital"), which will become the operator of substantially all the assets. In connection with the transaction, NOG and Vital entered into cooperation and joint operating agreements, which include a multi-year development plan for the Point assets. At closing, NOG paid $205.0 million in cash, which includes a $22.0 million deposit paid at signing in July 2024. The closing settlement is net of preliminary and customary purchase
Point Energy Partners II ("Point Energy") today announced the completion of its previously announced $1.1 billion all cash sale of its assets to Vital Energy, Inc. (NYSE:VTLE) ("Vital") and Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG"). Point Energy is a portfolio company of Vortus Investments Advisors. Point Energy is proud to announce a significant milestone in its operational journey, having increased production from an initial 300 net barrels of oil equivalent per day (boepd) to over 40,000 net boepd over a span of six years. This impressive growth underscores Point Energy's commitment to innovation and excellence in the oil and gas sector. "This incredible achievement would not have
Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG") closed its previously announced acquisition of Uinta Basin assets from XCL Resources, LLC ("XCL") on October 1, 2024. The closing included the assets previously owned by Altamont Energy, LLC ("Altamont"). These transactions provide NOG with over a decade of Tier 1 inventory across ~15,800 net acres in the Uinta Basin with ~116 net underwritten undeveloped locations and additional exploration upside potential. NOG jointly acquired the assets with SM Energy, Inc. ("SM"), which will become the operator of substantially all the assets. In connection with the transaction, NOG and SM entered into cooperation and long-term joint development agreements
Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG") closed its previously announced acquisition of Delaware Basin assets from Point Energy Partners, LLC ("Point"), a Vortus Investments company, on September 20, 2024. NOG jointly acquired the assets with Vital Energy, Inc. ("Vital"), which will become the operator of substantially all the assets. In connection with the transaction, NOG and Vital entered into cooperation and joint operating agreements, which include a multi-year development plan for the Point assets. At closing, NOG paid $205.0 million in cash, which includes a $22.0 million deposit paid at signing in July 2024. The closing settlement is net of preliminary and customary purchase
HIGHLIGHTS NOG and SM Energy Company ("SM") exercised option to jointly acquire additional Uinta Basin assets adjacent to the XCL Resources, LLC asset acquisition, which were previously owned by Altamont Energy LLC (the "Altamont Assets") NOG to acquire a 20% undivided stake in the Altamont Assets (the "Acquired Assets") for an unadjusted purchase price of $17.5 million in cash (all data below is net to NOG) Expands Uinta footprint by ~6,500 net acres, located primarily in Duchesne and Uintah Counties, UT Transaction to close simultaneously with the close of the XCL asset acquisition NOG's total Uinta net acreage to increase to ~15,800 with ~116 net underwritten undeveloped l
In the preceding three months, 7 analysts have released ratings for Northern Oil & Gas (NYSE:NOG), presenting a wide array of perspectives from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 1 1 0 0 Last 30D 1 0 0 0 0 1M Ago 1 1 0 0 0 2M Ago 1 0 0 0 0 3M Ago 2 0 1 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $49.43, a high estimate of $56.00, and a low estimate of $43.00. Experiencing a 2.12% decline, the cu
Truist Securities analyst Neal Dingmann maintains Northern Oil & Gas (NYSE:NOG) with a Buy and lowers the price target from $57 to $54.
Northern Oil & Gas's (NYSE:NOG) short percent of float has risen 9.05% since its last report. The company recently reported that it has 12.95 million shares sold short, which is 20.48% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.53 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short int
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SC 13G/A - NORTHERN OIL & GAS, INC. (0001104485) (Subject)
SC 13G/A - NORTHERN OIL & GAS, INC. (0001104485) (Subject)
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