Northern Oil and Gas (NOG) Projected to Post Earnings on Wednesday

Northern Oil and Gas (NYSE:NOG) is expected to be posting its quarterly earnings results after the market closes on Wednesday, February 19th. Analysts expect Northern Oil and Gas to post earnings of $1.27 per share and revenue of $552.34 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Northern Oil and Gas Stock Up 1.8 %

Shares of NYSE NOG opened at $35.12 on Tuesday. The stock has a market capitalization of $3.51 billion, a P/E ratio of 4.22 and a beta of 1.81. The company has a 50-day moving average price of $38.07 and a 200-day moving average price of $38.41. Northern Oil and Gas has a 1 year low of $33.05 and a 1 year high of $44.31. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.23 and a quick ratio of 1.23.

Northern Oil and Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.45 per share. This is a boost from Northern Oil and Gas’s previous quarterly dividend of $0.42. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date of this dividend is Friday, March 28th. Northern Oil and Gas’s dividend payout ratio (DPR) is currently 21.61%.

Analysts Set New Price Targets

Several research analysts recently weighed in on NOG shares. Truist Financial boosted their price target on shares of Northern Oil and Gas from $52.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Piper Sandler cut their price target on shares of Northern Oil and Gas from $37.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Royal Bank of Canada cut their price target on shares of Northern Oil and Gas from $45.00 to $40.00 and set a “sector perform” rating on the stock in a report on Thursday, February 13th. Finally, Mizuho cut shares of Northern Oil and Gas from an “outperform” rating to a “neutral” rating and set a $47.00 price target on the stock. in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $47.00.

Insiders Place Their Bets

In other news, President Adam A. Dirlam sold 836 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $39.00, for a total value of $32,604.00. Following the sale, the president now owns 96,223 shares of the company’s stock, valued at $3,752,697. The trade was a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.80% of the company’s stock.

Northern Oil and Gas Company Profile

Northern Oil and Gas, Inc, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. It primarily holds interests in the Williston Basin, the Appalachian Basin, and the Permian Basin in the United States.