Northern Oil and Gas (NOG) Scheduled to Post Earnings on Tuesday

Northern Oil and Gas (NYSE:NOG) is scheduled to be releasing its earnings data before the market opens on Tuesday, April 30th. Analysts expect Northern Oil and Gas to post earnings of $1.26 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Northern Oil and Gas (NYSE:NOG) last issued its quarterly earnings results on Friday, February 23rd. The company reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.03). Northern Oil and Gas had a net margin of 42.61% and a return on equity of 40.86%. The company had revenue of $543.40 million during the quarter, compared to the consensus estimate of $555.31 million. During the same period last year, the company earned $1.43 earnings per share. Northern Oil and Gas’s revenue for the quarter was up 21.9% on a year-over-year basis. On average, analysts expect Northern Oil and Gas to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Northern Oil and Gas Price Performance

Shares of Northern Oil and Gas stock opened at $42.67 on Tuesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.32 and a quick ratio of 1.32. Northern Oil and Gas has a fifty-two week low of $29.57 and a fifty-two week high of $43.64. The firm has a fifty day moving average price of $38.19 and a two-hundred day moving average price of $37.20. The company has a market cap of $4.31 billion, a PE ratio of 4.25 and a beta of 1.86.

Northern Oil and Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Wednesday, March 27th. Northern Oil and Gas’s dividend payout ratio (DPR) is presently 15.94%.

Insider Buying and Selling at Northern Oil and Gas

In other Northern Oil and Gas news, CEO Nicholas L. O’grady sold 3,750 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $40.98, for a total value of $153,675.00. Following the completion of the sale, the chief executive officer now owns 228,082 shares in the company, valued at approximately $9,346,800.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Northern Oil and Gas news, insider James B. Evans sold 945 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $38.00, for a total value of $35,910.00. Following the completion of the sale, the insider now owns 83,872 shares in the company, valued at approximately $3,187,136. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Nicholas L. O’grady sold 3,750 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $40.98, for a total transaction of $153,675.00. Following the completion of the sale, the chief executive officer now owns 228,082 shares of the company’s stock, valued at approximately $9,346,800.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,944 shares of company stock worth $436,614. 3.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

NOG has been the subject of a number of analyst reports. Stifel Nicolaus reduced their price objective on shares of Northern Oil and Gas from $54.00 to $52.00 and set a “buy” rating for the company in a report on Tuesday, January 23rd. Bank of America downgraded shares of Northern Oil and Gas from a “buy” rating to an “underperform” rating and set a $39.00 price objective for the company. in a report on Friday, January 5th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $46.00 price objective on shares of Northern Oil and Gas in a report on Wednesday, March 6th. Jefferies Financial Group raised their price objective on shares of Northern Oil and Gas from $45.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Finally, Piper Sandler raised their price objective on shares of Northern Oil and Gas from $38.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Northern Oil and Gas has an average rating of “Moderate Buy” and a consensus price target of $47.00.

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.