Northern Oil And Gas Inc (NOG) |
|
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 %
|
|
|
|
|
|
Stock Performances by Major Competitors |
|
|
Denbury Inc
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, 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
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
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
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.
|
Per Share |
Current |
Earnings (TTM) |
7.29 $ |
Revenues (TTM) |
18.59 $
|
Cash Flow (TTM) |
0.04 $ |
Cash |
0.14 $
|
Book Value |
15.02 $
|
Dividend (TTM) |
1.62 $ |
|
Per Share |
|
Earnings (TTM) |
7.29 $
|
Revenues (TTM) |
18.59 $ |
Cash Flow (TTM) |
0.04 $ |
Cash |
0.14 $
|
Book Value |
15.02 $ |
Dividend (TTM) |
1.62 $ |
|
|
|
|