Mizuho initiated coverage on Northern Oil & Gas with a new price target
$NOG
Oil & Gas Production
Energy
Mizuho initiated coverage of Northern Oil & Gas with a rating of Outperform and set a new price target of $47.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/21/2025 | Overweight → Equal Weight | CapitalOne | |
| 12/16/2024 | $47.00 | Outperform → Neutral | Mizuho |
| 11/20/2024 | $43.00 → $45.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 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 |
Northern Oil and Gas, Inc. (NYSE:NOG) (the "Company" or "NOG") today announced the completion of its semi-annual borrowing base redetermination under its reserves-based revolving credit facility (the "Facility"). In connection with the redetermination, the elected commitment amount increased from $1.5 billion to $1.6 billion and the borrowing base remains unchanged at $1.8 billion. The Company's bank group now includes 20 banks with the addition of CIBC Capital Markets. MANAGEMENT COMMENT "We are pleased to announce a 7% increase to our revolving credit facility despite an increasingly challenging macro environment," commented Chad Allen, NOG's Chief Financial Officer. "The increased comm
Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG" or the "Company") today announced that its Board of Directors has declared a cash dividend on the Company's common stock. DIVIDEND DECLARATION NOG's Board of Directors has declared a cash dividend in the amount of $0.45 per share, representing a 12.5% increase year-over-year and equal to the prior quarterly dividend. The dividend is payable on July 31, 2025, to stockholders of record as of the close of business on June 27, 2025. ABOUT NOG NOG is a real asset company with a primary strategy of acquiring and investing in non-operated minority working and mineral interests in the premier hydrocarbon producing basins within the contiguous United
FIRST QUARTER HIGHLIGHTS Record total quarterly production of 134,959 Boe per day (58% oil), up 13% from the first quarter of 2024 Oil volumes of 78,675 Bbl per day, driven by strong well performance Record Appalachian volumes of 113.5 Mmcfe per day Uinta volumes up over 15% from prior quarter in first period of SM Energy Company's operatorship GAAP net income of $139.0 million, Adjusted Net Income of $133.4 million and Record Adjusted EBITDA of $434.7 million. See "Non-GAAP Financial Measures" below Cash flow from operations of $407.4 million. Excluding changes in net working capital, cash flow from operations was $387.4 million, an increase of 10% from the first quarter of 202
Northern Oil and Gas, Inc. (NYSE:NOG) (the "Company" or "NOG") today announced the completion of its semi-annual borrowing base redetermination under its reserves-based revolving credit facility (the "Facility"). In connection with the redetermination, the elected commitment amount increased from $1.5 billion to $1.6 billion and the borrowing base remains unchanged at $1.8 billion. The Company's bank group now includes 20 banks with the addition of CIBC Capital Markets. MANAGEMENT COMMENT "We are pleased to announce a 7% increase to our revolving credit facility despite an increasingly challenging macro environment," commented Chad Allen, NOG's Chief Financial Officer. "The increased comm
Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG" or the "Company") today announced that its Board of Directors has declared a cash dividend on the Company's common stock. DIVIDEND DECLARATION NOG's Board of Directors has declared a cash dividend in the amount of $0.45 per share, representing a 12.5% increase year-over-year and equal to the prior quarterly dividend. The dividend is payable on July 31, 2025, to stockholders of record as of the close of business on June 27, 2025. ABOUT NOG NOG is a real asset company with a primary strategy of acquiring and investing in non-operated minority working and mineral interests in the premier hydrocarbon producing basins within the contiguous United
FIRST QUARTER HIGHLIGHTS Record total quarterly production of 134,959 Boe per day (58% oil), up 13% from the first quarter of 2024 Oil volumes of 78,675 Bbl per day, driven by strong well performance Record Appalachian volumes of 113.5 Mmcfe per day Uinta volumes up over 15% from prior quarter in first period of SM Energy Company's operatorship GAAP net income of $139.0 million, Adjusted Net Income of $133.4 million and Record Adjusted EBITDA of $434.7 million. See "Non-GAAP Financial Measures" below Cash flow from operations of $407.4 million. Excluding changes in net working capital, cash flow from operations was $387.4 million, an increase of 10% from the first quarter of 202
CapitalOne downgraded Northern Oil & Gas from Overweight to Equal Weight
Mizuho downgraded Northern Oil & Gas from Outperform to Neutral and set a new price target of $47.00
RBC Capital Mkts downgraded Northern Oil & Gas from Outperform to Sector Perform and set a new price target of $45.00 from $43.00 previously
8-K - NORTHERN OIL & GAS, INC. (0001104485) (Filer)
10-Q - NORTHERN OIL & GAS, INC. (0001104485) (Filer)
8-K - NORTHERN OIL & GAS, INC. (0001104485) (Filer)
SC 13G - NORTHERN OIL & GAS, INC. (0001104485) (Subject)
SC 13G/A - NORTHERN OIL & GAS, INC. (0001104485) (Subject)
SC 13G/A - NORTHERN OIL & GAS, INC. (0001104485) (Subject)
4 - NORTHERN OIL & GAS, INC. (0001104485) (Issuer)
4 - NORTHERN OIL & GAS, INC. (0001104485) (Issuer)
4 - NORTHERN OIL & GAS, INC. (0001104485) (Issuer)
4 - NORTHERN OIL & GAS, INC. (0001104485) (Issuer)
4 - NORTHERN OIL & GAS, INC. (0001104485) (Issuer)
4 - NORTHERN OIL & GAS, INC. (0001104485) (Issuer)