NOG Stock Recent News
NOG LATEST HEADLINES
Northern (NOG) makes strategic acquisitions in Delaware and Appalachian basins, anticipating increased production, revenues and financial performance.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
While the top- and bottom-line numbers for Northern Oil and Gas (NOG) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Northern Oil & Gas Inc (NYSE:NOG) stock survived the broader market's August pullback, hitting a roughly five-year high of $43.64 on Sept.
Northern Oil and Gas (NOG) reported earnings 30 days ago. What's next for the stock?
Northern Oil and Gas is an oil and gas company with a unique business model that is heavily reinvesting cash flows that could benefit it if oil prices trend upward. The company's balance sheet isn't strong, but unless oil and gas prices decrease, this is not a concern. The company is not a company I would want to hold through the entire boom and bust cycle, but for those who are bullish on oil, this presents some leverage.
Northern Oil and Gas' (NOG) second-quarter production (comprising 60% oil) increased 25% from the year-ago level to 90,878 barrels of oil equivalent per day.
Our estimate for Northern Oil and Gas' production indicates around 24.6% increase from the year-ago period's reported number.
Northern Oil and Gas (NOG) beat the Zacks Consensus Estimate for earnings in three of the last four quarters and missed in the other, resulting in an earnings surprise of 4.1%, on average.
MINNEAPOLIS--(BUSINESS WIRE)--NOG Schedules Second Quarter 2023 Earnings Release and Conference Call.