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Northern Oil And Gas Inc (NYSE: NOG) |
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Price: $26.9000
$-0.86 
-3.098%
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| Day's High:
| $27.72
| Week Perf:
| -6.4 %
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| Day's Low: |
$ 26.85 |
30 Day Perf: |
14.18 % |
| Volume (M): |
1,246 |
52 Wk High: |
$ 44.31 |
| Volume (M$): |
$ 33,517 |
52 Wk Avg: |
$35.71 |
| Open: |
$27.52 |
52 Wk Low: |
$19.88 |
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| Market Capitalization (Millions $) |
2,690 |
| Shares
Outstanding (Millions) |
100 |
| Employees |
150 |
| Revenues (TTM) (Millions $) |
2,431 |
| Net Income (TTM) (Millions $) |
648 |
| Cash Flow (TTM) (Millions $) |
1 |
| Capital Exp. (TTM) (Millions $) |
1,545 |
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.
Company Address: 4350 Baker Road Minnetonka 55343 MN
Company Phone Number: 476-9800 Stock Exchange / Ticker: NYSE NOG
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Customers Net Income fell by |
NOG's Customers Net Profit Margin fell to |
-26.45 % |
7.63 %
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| Stock Performances by Major Competitors |
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| Business Update
Published Thu, Feb 13 2025 9:55 AM UTC
Northern Oil and Gas, Inc. Positioned for Growth: A Strategic Operational Update and Future Guidance for 2025 In a robust showing indicative of Northern Oil and Gas, Inc. (NYSE: NOG) continuing operational momentum, the company has released its operational update for the fourth quarter of 2024, alongside initial capital and production guidance for 2025. This announcement is ...
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| Business Update
Published Sun, Dec 22 2024 12:03 AM UTC
In a recent press announcement, Northern Oil and Gas, Inc. (NYSE: NOG) addressed speculation stemming from a Reuters article concerning a potential acquisition of Granite Ridge Resources. While the company typically refrains from commenting on acquisition rumors, it deemed the publication significant enough to warrant a response. NOG, as the largest publicly traded dedicated...
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| Business Update
Published Sat, Dec 21 2024 5:27 AM UTC
Whispers and Numbers: NOG s Market Movements Amid Acquisition Speculations In the ceaseless dance of acquisitions and mergers, Northern Oil and Gas, Inc. (NYSE: NOG) finds itself once again at the center of speculative buzz. As the largest publicly traded dedicated non-operator in the oil sector, NOG s potential acquisition of Granite Ridge Resources has sparked enough inter...
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| Northern Oil And Gas Inc
Northern Oil And Gas Inc (NOG) recently released its financial report for the Jun 30, 2023 quarter, revealing concerning figures that indicate a potential downturn for the company. Despite reporting a revenue increase of 7.953% in comparison to the same period last year, NOG saw its income per share drop drastically from $2.74 to $1.88. This sharp decline in earnings is undoubtedly alarming for investors.
The second quarter of 2023 proved to be a prosperous time for NOG, unlike many other companies in the Oil and Gas Production industries that are struggling due to receding businesses and declining top-lines. However, a closer look at the company's financials reveals cause for concern. In contrast to Q1, where revenue fell by -18.148% and profit plummeted by -52.76%, NOG's Q2 report shows a slight improvement in financial performance. However, these improvements are unable to offset the significant decline in earnings from the preceding year.
Earnings for the financial period ending June 30, 2023, amounted to $167.815 million, a decrease of -33.21% compared to the previous year's $251.264 million. This decline in earnings raises doubts about NOG's ability to sustain profitability in the long term.
To mitigate the impact of declining profits, Northern Oil and Gas Inc shifted its focus towards improving sales in the second quarter of 2023. This strategic move resulted in a net margin of 35.21%. While this may seem positive at first glance, it should be noted that this figure represents a decrease from the previous year's net margin.
Another concerning aspect of NOG's financial performance is the drop in operating earnings, which fell by -13.07% to $234.791 million. This decrease in operating earnings also led to a decrease in the operating margin, dropping to 49.27% from 61.19% in the second quarter of 2022. This decline indicates that NOG's operational efficiency has weakened, which could further impact the company's future profitability.
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| Northern Oil And Gas Inc
The stock market has been buzzing lately, especially after the latest report on Northern Oil And Gas Inc. The company has emerged with flying colors in the first quarter of 2023 earnings season, with an impressive surge in revenue by 57.194% from the prior season. This has been backed by a solid bottom-line turning positive at $3.98 per share compared to the earnings of $-2.92 per share in the previous year's reporting season. This is a fantastic turnaround, as the company realized only $1.15 per share in the last reporting season.
The EPS has more than doubled, by 247.45% - a clear indication of the company's steady growth. This growth surge has propelled the company to a bottom-line of $340.191 million in the first quarter of 2023 earnings season, in comparison to a net loss of $-206.560 million in the corresponding period last year. It is indeed commendable how NOG managed to shift its focus on improving sales, significantly boosting its net margin to 58.43%.
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| Per Share |
Current |
| Earnings (TTM) |
6.38 $ |
| Revenues (TTM) |
24.32 $
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| Cash Flow (TTM) |
0.01 $ |
| Cash |
0.38 $
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| Book Value |
24.02 $
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| Dividend (TTM) |
1.62 $ |
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| Per Share |
|
| Earnings (TTM) |
6.38 $
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| Revenues (TTM) |
24.32 $ |
| Cash Flow (TTM) |
0.01 $ |
| Cash |
0.38 $
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| Book Value |
24.02 $ |
| Dividend (TTM) |
1.62 $ |
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| Oil and Gas Sales |
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 95.82 % |
of total Revenue |
| Oil Sales |
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76.35 % |
of total Revenue |
| Natural Gas and NGL Sales |
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19.48 % |
of total Revenue |
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