Date | Price Target | Rating | Analyst |
---|---|---|---|
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 |
9/19/2022 | $32.00 → $34.00 | Neutral | BofA Securities |
SC 13G/A - NORTHERN OIL & GAS, INC. (0001104485) (Subject)
SC 13G/A - NORTHERN OIL & GAS, INC. (0001104485) (Subject)
SC 13G/A - NORTHERN OIL & GAS, INC. (0001104485) (Subject)
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
Morgan Stanley initiated coverage of Northern Oil & Gas with a rating of Equal-Weight and set a new price target of $40.00
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
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 $0.42 per share, representing an 11% increase year-over-year and 5% sequential increase from the prior quarterly dividend. The dividend is payable on October 31, 2024, to stockholders of record as of the close of business on September 27, 2024. FUTURE DIVIDEND PLANS The Company continues to anticipate reviewing and setting dividend policy during the first fiscal quarter of each year, with the potential for interim modifications
SECOND QUARTER HIGHLIGHTS Record quarterly production of 123,342 Boe per day (57% oil), increases of 3% from the first quarter of 2024 and 36% from the second quarter of 2023 GAAP net income of $138.6 million, Adjusted Net Income of $147.8 million and Adjusted EBITDA of $413.1 million. See "Non-GAAP Financial Measures" below Cash flow from operations of $340.5 million. Excluding changes in net working capital, cash flow from operations was $374.2 million, an increase of 33% from the second quarter of 2023 Generated $133.7 million of Free Cash Flow. See "Non-GAAP Financial Measures" below Announced joint acquisition of Uinta Basin properties from XCL Resources with SM Energy C
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
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 $0.42 per share, representing an 11% increase year-over-year and 5% sequential increase from the prior quarterly dividend. The dividend is payable on October 31, 2024, to stockholders of record as of the close of business on September 27, 2024. FUTURE DIVIDEND PLANS The Company continues to anticipate reviewing and setting dividend policy during the first fiscal quarter of each year, with the potential for interim modifications
SECOND QUARTER HIGHLIGHTS Record quarterly production of 123,342 Boe per day (57% oil), increases of 3% from the first quarter of 2024 and 36% from the second quarter of 2023 GAAP net income of $138.6 million, Adjusted Net Income of $147.8 million and Adjusted EBITDA of $413.1 million. See "Non-GAAP Financial Measures" below Cash flow from operations of $340.5 million. Excluding changes in net working capital, cash flow from operations was $374.2 million, an increase of 33% from the second quarter of 2023 Generated $133.7 million of Free Cash Flow. See "Non-GAAP Financial Measures" below Announced joint acquisition of Uinta Basin properties from XCL Resources with SM Energy C
4 - NORTHERN OIL & GAS, INC. (0001104485) (Issuer)
4 - NORTHERN OIL & GAS, INC. (0001104485) (Issuer)
4 - NORTHERN OIL & GAS, INC. (0001104485) (Issuer)
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
10-Q - NORTHERN OIL & GAS, INC. (0001104485) (Filer)
8-K - NORTHERN OIL & GAS, INC. (0001104485) (Filer)
8-K - NORTHERN OIL & GAS, INC. (0001104485) (Filer)