Northern Oil and Gas (NOG)
(Delayed Data from NYSE)
$37.11 USD
-0.14 (-0.38%)
Updated Sep 20, 2024 04:00 PM ET
After-Market: $37.99 +0.88 (2.37%) 7:58 PM ET
3-Hold of 5 3
A Value B Growth F Momentum B VGM
Company Summary
Northern Oil and Gas, Inc. is an independent upstream operator engaged in the acquisition, exploration, development and production of oil and natural gas properties. Headquartered in Minnetonka, MN, the firm is primarily focused on three leading basins of the United States — the Williston, Permian and the Appalachian.
Founded in 2007, Northern employs a unique strategy wherein it owns non-operating, minority interests in thousands of oil and gas wells, which are majority-owned and operated by some leading producers. As part of this low-cost model, the company — unlike most of its peers &...
Company Summary
Northern Oil and Gas, Inc. is an independent upstream operator engaged in the acquisition, exploration, development and production of oil and natural gas properties. Headquartered in Minnetonka, MN, the firm is primarily focused on three leading basins of the United States — the Williston, Permian and the Appalachian.
Founded in 2007, Northern employs a unique strategy wherein it owns non-operating, minority interests in thousands of oil and gas wells, which are majority-owned and operated by some leading producers. As part of this low-cost model, the company — unlike most of its peers — does not drill any well but essentially provides financing for its acreage.
The Williston Basin in North Dakota and Montana (targeting the Bakken and Three Forks formations) is the company’s core operating region where it has amassed around 181,000 net acres. Meanwhile, in the Appalachia, the domestic exploration and production (E&P) entity controls approximately 55,000 net acres while it has interest in some 37,000 net acres in the Permian Basin. To date, Northern has varying interests in more than 7,000 wells drilled (with 50+ different operating partners across 1 million+ gross acres spread over three basins), including 40% >40% of all wells drilled in the Williston.
As of year-end 2023, Northern had a proved reserve base of 339.7 million barrels of oil equivalent (MMBoe). About 69% of the proved reserve was developed. Production averaged 98,822 barrels of oil equivalent per day (Boe/d) during 2023, comprising roughly 61% oil. Approximately 46% of the company’s total volumes come from the Williston properties, while Permian Basin was responsible for 44%.
Northern generated oil and gas sales of $1.9 billion last year, down 4.4% year over year. The energy company had $8.2 million in cash and cash equivalents and its long-term debt sat at $1.8 billion at the end of the year.
General Information
Northern Oil and Gas, Inc
4350 Baker Road Suite 400
MINNETONKA, MN 55343
Phone: 952-476-9800
Fax: 952-476-9801
Email: ir@northernoil.com
Industry | Oil and Gas - Exploration and Production - United States |
Sector | Oils-Energy |
Fiscal Year End | December |
Last Reported Quarter | 6/30/2024 |
Exp Earnings Date | 11/6/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 1.26 |
Current Year EPS Consensus Estimate | 5.29 |
Estimated Long-Term EPS Growth Rate | NA |
Exp Earnings Date | 11/6/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 37.25 |
52 Week High | 43.78 |
52 Week Low | 31.13 |
Beta | 1.82 |
20 Day Moving Average | 1,228,651.50 |
Target Price Consensus | 48.21 |
4 Week | -6.31 |
12 Week | -0.16 |
YTD | 0.11 |
4 Week | -7.43 |
12 Week | -4.40 |
YTD | -16.11 |
Shares Outstanding (millions) | 100.17 |
Market Capitalization (millions) | 3,717.40 |
Short Ratio | NA |
Last Split Date | 9/21/2020 |
Dividend Yield | 4.31% |
Annual Dividend | $1.60 |
Payout Ratio | 0.26 |
Change in Payout Ratio | 0.15 |
Last Dividend Payout / Amount | 6/27/2024 / $0.40 |
Fundamental Ratios
P/E (F1) | 7.01 |
Trailing 12 Months | 6.10 |
PEG Ratio | NA |
vs. Previous Year | -2.01% |
vs. Previous Quarter | 14.06% |
vs. Previous Year | 17.67% |
vs. Previous Quarter | 41.48% |
Price/Book | 1.80 |
Price/Cash Flow | 3.40 |
Price / Sales | 1.80 |
6/30/24 | 31.90 |
3/31/24 | 34.06 |
12/31/23 | 40.86 |
6/30/24 | 13.23 |
3/31/24 | 13.70 |
12/31/23 | 15.31 |
6/30/24 | 0.89 |
3/31/24 | 0.96 |
12/31/23 | 1.32 |
6/30/24 | 0.89 |
3/31/24 | 0.96 |
12/31/23 | 1.32 |
6/30/24 | 29.07 |
3/31/24 | 29.55 |
12/31/23 | 27.91 |
6/30/24 | 27.37 |
3/31/24 | 30.01 |
12/31/23 | 42.61 |
6/30/24 | 31.42 |
3/31/24 | 34.05 |
12/31/23 | 46.20 |
6/30/24 | 20.65 |
3/31/24 | 19.81 |
12/31/23 | 20.37 |
6/30/24 | NA |
3/31/24 | NA |
12/31/23 | NA |
6/30/24 | 0.91 |
3/31/24 | 0.97 |
12/31/23 | 0.90 |
6/30/24 | 47.55 |
3/31/24 | 49.20 |
12/31/23 | 47.27 |