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Tuesday, January 31, 2023

There’s No Getting Around Northern Oil and Gas Inc. (NYSE: NOG) Success

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Northern Oil and Gas Inc. (NOG) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.05, or 0.17%, to $29.60. The Northern Oil and Gas Inc. has recorded 27,147 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted NOG Announces Closing of Additional Core Northern Delaware Basin Acquisition.

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Stocks Info

NOG belongs to the Energy sector of the NYSE while operating in the Oil & Gas E&P industry. At the end of the last regular session, the stock closed at $29.55 and fluctuated between $30.33 as its day high and $29.06 as its day low. The current market capitalization of Northern Oil and Gas Inc. is $2.22B. A total of 1.39 million shares were traded on the day, compared to an average of 1.66M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, NOG has seen 0 BUY and 12 SELL insider trades, representing the acquisition of 0 and the disposition of 558,628 shares. Over the last 12 months, there were 31 BUYs and 27 SELLs from insiders. Insiders purchased 80,420 shares during that period but sold 1,361,241.

In the most recent transaction, Rowling Robert B. sold 196,830 shares of NOG for 38.18 per share on Nov 15. After the transaction, the Former 10% Owners now owns 7,796,757 company shares. In a previous transaction on Nov 14, Allen Chad W sold 2,358 shares at 38.16 per share. NOG shares that CFO owns now total 47,029.

Among the insiders who sold shares, Akradi Bahram disposed of 55,000 shares on Nov 14 at a per-share price of $38.31. This resulted in the Director holding 1,696,353 shares of NOG after the transaction. In another insider transaction, Rowling Robert B. sold 9,132 shares at $38.38 per share on Nov 14. Company shares held by the Former 10% Owners now total 7,994.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Northern Oil and Gas Inc. pays an annual dividend of $1.20, resulting in a dividend yield of 4.06%, and it has a price to earnings (P/E) ratio of 3.29. NOG’s most recent ex-dividend date was 12/28/2022 when it declared a $0.30 quarterly dividend that was paid in cash on 1/31/2023. Previously, the company paid the dividend on 10/31/2022 with an ex-dividend date of 9/28/2022. The NOG stock dividend was $0.25 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for NOG in the last 3 months, the mean price target is $49.62 with high estimates of $62.00 and low estimates of $30.00. In terms of 52-week highs and lows, NOG has a high of $39.10 and a low of $20.02.

As of this writing, NOG has an earnings estimate of $1.73 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $2.11 per share and a lower estimate of $1.47. The company reported an EPS of $1.58 in the last quarter, which was 24.40% higher than expectations of $1.27.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 13 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NOG is Hold with a score of 4.75. A total of 12 analysts rated the stock as Buy while 1 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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