The Question Is Whether To Buy Or Not To Buy Northern Oil and Gas Inc. (NYSE: NOG)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that NOG Schedules First Quarter 2024 Earnings Release and Conference Call.

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Stocks Info

Northern Oil and Gas Inc. is listed on the NYSE as a member of the Energy sector and is a part of the Oil & Gas E&P industry. The current market capitalization of Northern Oil and Gas Inc. is $4.18B. A total of 1.11 million shares were traded on the day, compared to an average of 1.25M shares.

In the most recent transaction, O’GRADY NICHOLAS L. sold 3,750 shares of NOG for 40.98 per share on Apr 04 ’24. After the transaction, the CEO now owns 228,082 company shares. In a previous transaction on Apr 01 ’24, Dirlam Adam A. sold 1,392 shares at 39.88 per share. NOG shares that President owns now total 111,804.

Among the insiders who sold shares, Evans James B. disposed of 630 shares on Apr 01 ’24 at a per-share price of $39.88. This resulted in the Chief Technical Officer holding 76,903 shares of NOG after the transaction. In another insider transaction, Dirlam Adam A. sold 204 shares at $39.88 per share on Apr 01 ’24. Company shares held by the President now total 18,339.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Northern Oil and Gas Inc. pays an annual dividend of $1.55, resulting in a dividend yield of 3.74%, and it has a price to earnings (P/E) ratio of 4.12. NOG’s most recent ex-dividend date was 3/27/2024 when it declared a $0.40 quarterly dividend that was paid in cash on 4/30/2024. Previously, the company paid the dividend on 1/31/2024 with an ex-dividend date of 12/27/2023. The NOG stock dividend was $0.40 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, NOG has a high of $43.64 and a low of $29.57.

As of this writing, NOG has an earnings estimate of $1.14 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $1.32 per share and a lower estimate of $1.03. The company reported an EPS of $1.73 in the last quarter, which was -2.80% lower than expectations of $1.78.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. NOG’s latest balance sheet shows that the firm has $9.52M in Cash & Short Term Investments as of fiscal 2021. There were $803.44M in debt and $327.56M in liabilities at the time. Its Book Value Per Share was $20.32, while its Total Shareholder’s Equity was $215.13M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 4.50.

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