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Northern Oil And Gas Inc   (NOG)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 
Price: $37.1000 $-0.48 -1.277%
Day's High: $37.4 Week Perf: -0.88 %
Day's Low: $ 36.92 30 Day Perf: -4.48 %
Volume (M): 1,334 52 Wk High: $ 43.64
Volume (M$): $ 49,488 52 Wk Avg: $34.80
Open: $37.34 52 Wk Low: $25.56



 Market Capitalization (Millions $) 3,478
 Shares Outstanding (Millions) 94
 Employees 19
 Revenues (TTM) (Millions $) 1,743
 Net Income (TTM) (Millions $) 669
 Cash Flow (TTM) (Millions $) 3
 Capital Exp. (TTM) (Millions $) 2,844

Northern Oil And Gas Inc

We are an independent energy company engaged in the acquisition, exploration, development and production of oil and natural gas properties, primarily in the Bakken and Three Forks formations within the Williston Basin in North Dakota and Montana. We believe the location, size and concentration of our acreage position in one of North America’s leading unconventional oil-resource plays will provide drilling and development opportunities that result in significant long-term value. Our primary focus is oil exploration and production through non-operated working interests in wells drilled and completed in spacing units that include our acreage. As a non-operator, we are able to diversify our investment exposure by participating in a large number of gross wells, as well as entering into more project areas by partnering with numerous experienced operating partners. In addition, because we can elect to participate on a well-by-well basis, we believe we have increased flexibility in the timing and amount of our capital expenditures because we are not burdened with various contractual development agreements or a large operating support staff. Further, we are able to avoid exploratory costs incurred by many oil and gas producers.


Deploy our Capital in a Conservative and Strategic Manner and Review Opportunities to Bolster our Liquidity. In the current industry environment, maintaining liquidity is critical. Therefore, we will be highly selective in the projects that we fund and will review opportunities to bolster our liquidity and financial position through various means.


Continue Participation in the Development of Our Existing Properties in the Williston Basin as a Non-Operator. In the current price environment, we believe the best way to develop our acreage is to take a long-term approach and develop our locations with potential for the highest rates of return. We plan to continue to concentrate our capital expenditures in the Williston Basin, where we believe our current acreage position can provide an attractive return on the capital employed on our multi-year drilling inventory of oil-focused properties.


Diversify Our Risk Through Non-Operated Participation in a Large Number of Bakken and Three Forks Wells. As a non-operator, we seek to diversify our investment and operational risk through participation in a large number of oil wells and with multiple operators. As of December 31, 2016, we have participated in 2,914 gross (213.1 net) producing wells in the Williston Basin with an average working interest of 7.3% in each gross well, with more than 35 experienced operating partners. We expect to continue partnering with numerous experienced operators across our leasehold positions.


Evaluate and Pursue Value-Enhancing Acquisitions, Joint Ventures and Divestitures. We will continue to monitor the market for strategic acquisitions that we believe could be accretive and enhance shareholder value. We generally seek to acquire small lease positions at a significant discount to the contiguous acreage positions typically sought by larger producers. As part of this strategy, we consider areas that are actively being drilled and permitted and where we have an understanding of the operators and their drilling plans, capital requirements and well economics. In addition, we have increasingly taken interest in and will continue to evaluate the acquisition of non-operated producing properties as a means to grow and/or bolster our credit metrics.


Maintain a Strong Balance Sheet and Proactively Manage to Limit Downside. We strive to remain financially strong, yet flexible, through the prudent management of our balance sheet and active management of commodity price volatility.




   Company Address: 4350 Baker Road Minnetonka 55343 MN
   Company Phone Number: 476-9800   Stock Exchange / Ticker: NYSE NOG
   NOG is expected to report next financial results on February 23, 2024.


Customers Net Income fell by NOG's Customers Net Profit Margin fell to

-42.1 %

11.92 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CHKEW     
DVN   -1.58%    
EOG   -1.78%    
OXY   -2.08%    
PXD   -0.41%    
SWN   -2.22%    
• View Complete Report
   



Denbury Inc

Denbury Inc Suffers Jaw-Dropping 31.768% Plunge in Revenue During Q2 2023


Introduction
The stock market is often marked by fluctuating trends and can present both profitable and challenging times for investors. Denbury Inc, an energy company operating in the United States, has recently reported a decline in its net profit, income, and revenue for the April to June 30, 2023 period. This article aims to analyze the significant factors contributing to this decline and provide insights into Denbury Inc's profitability trends.
Profitability Declines
During the April-June 2023 period, Denbury Inc's net profit per share witnessed a significant plummet of -55.83%, dropping to $1.25 per share from $2.83 per share compared to the previous year. This downward trend reflects the challenges faced by the company that have impacted its financial performance. Additionally, income faded by -24.7%, declining from $1.66 per share in the previous reporting season to $1.25 per share.
Revenue Downturn
Denbury Inc's revenue also experienced a substantial decline of -31.768%, dropping to $328.98 million from $482.16 million during the same reporting season in the previous year. Moreover, the sequential revenue decline stood at -3.529%, from $341.02 million. This decline in revenue suggests a less favorable market environment for the company and may reflect moderating demand in the industry segment.

Altex Industries Inc

Altex Industries Inc Reveals Staggering 33% Revenue Drop in Q3 2023 Amid Fiscal Year End - Reaches Surprising Break-Even Point

Altex Industries Inc, a company operating in the [insert industry], recently announced its financial results for the third quarter of 2023. The company reached break-even at $0.00 per share, which is the same as last year and the preceding financial reporting period. This is an encouraging sign for the company as it indicates that it has managed to stabilize its financial position.
However, the company experienced a decline in revenue for the third quarter. The revenue faded by 33.333% to $0.01 million compared to the same period a year ago. Sequentially, the revenue deteriorated by 14.286% from the preceding financial reporting period. These numbers suggest that Altex Industries Inc has faced challenges in generating consistent revenue growth.

Nine Energy Service Inc

Second Quarter 2023 Serves Up Robust Revenue Growth for Nine Energy Service Inc., Surpasses Industry Expectations Despite Profitability Challenges

The outlook for the stock market is looking up, particularly for Nine Energy Service Inc. This oil and gas production company has bucked the industry trend by reporting an impressive revenue increase of 13.405% to $161.43 million in the fiscal period ending June 30, 2023. While many of its peers have experienced business decline, Nine Energy Service Inc is showing signs of improvement.
In addition to their revenue growth, Nine Energy Service Inc has also seen a notable improvement in their earnings per share (EPS). Comparing the current financial reporting period to the previous one, EPS has improved from $-0.19 per share to $-0.08 per share. This indicates that the company is making strides towards a more positive financial position.

Comstock Resources Inc

Comstock Resources Inc Plunges into Deficit, Share Value Falls Sharply in the Fiscal Period Ending June 30, 2023!

As a stock market journalist, it is my duty to provide an objective and thorough analysis of the financial results of Comstock Resources Inc. Based on the given information, it is evident that the company's performance has taken a significant hit in the fiscal period closing June 30, 2023.
Starting with the earnings per share (EPS), we see a drastic decline from $1.36 per share in the prior year to a loss of $0.17 per share. This indicates a stark reversal of fortune for the company and raises concerns about its profitability. In addition, the preceding financial reporting period saw EPS at $0.49 per share, indicating a decline in performance.

Murphy Oil Corporation

Dramatic Dive: Murphy Oil Corporation Witnesses a Sharp 26.018% Revenue Plunge in Recent Fiscal Year



Murphy Oil Corporation, a prominent player in the oil and gas production industry, has seen mixed financial results in recent months. While the company's stock performance has shown marginal improvement, its revenue and profitability have taken a significant hit. The decline in revenues, reduced earnings per share, and unfavorable margins have raised concerns about the company's future prospects.
Factors Affecting Financial Performance:
1. Declining Revenue and Earnings:
The most recent fiscal period witnessed a sharp decline in revenue by approximately 26.018%. This downturn had a severe impact on the company's income, which plummeted by 72.2%. Comparing the current revenue of $814.59 million to the previous year's $1.10 billion highlights the challenging market conditions for Murphy Oil Corporation.






 

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