Northern Oil and Gas Stock Forecast, Price & News NYSE:NOG

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• The number of shares owned by shareholders was adjusted after the market closes on Friday, September 18th 2020.
• As an investor, you want to buy stocks with the highest probability of success.
• Since then, NOG stock has decreased by 1.9% and is now trading at $30.22.
• The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.
• Northern Oil & Gas, Inc. engages in the acquisition, exploration, development, and production of crude oil and natural gas properties.
• At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors.

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Recap: Northern Oil & Gas Q1 Earnings

Insiders that own company stock include Adam A Dirlam, Bahram Akradi, Chad W Allen, Cresta Greenwood, Llc, Erik J Romslo, Lisa Meier, Michael D Kelly and Robert B Rowling. Northern Oil & Gas, Inc. engages in the acquisition, exploration, development, and production of crude oil and natural gas properties. It focuses on the Bakken and Three Forks formation within the Williston Basin in North Dakota and Montana. The company was founded on March 20, 2007 and is headquartered in Minnetonka, MN. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.

Northern Oil & Gas Inc. said Tuesday Chief Executive Michael Reger has been terminated, effective immediately, and has ceased being a member of the oil and gas company’s board. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

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The technique has proven to be very useful for finding positive surprises. Northern Oil and Gas saw a decline in short interest in the month of April. As of April 15th, there was short interest totaling 11,420,000 shares, a decline of 14.0% from the March 31st total of 13,280,000 shares. Based on an average daily trading volume, of 1,760,000 shares, the short-interest ratio is presently 6.5 days. Northern Oil and Gas’ stock is owned by a variety of retail and institutional investors.

The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

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7 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Northern Oil and Gas in the last twelve months. There are currently 1 hold rating, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should “buy” NOG shares. 7 brokers have issued 12-month price objectives for Northern Oil and Gas’ shares. Their NOG share price forecasts range from $35.00 to $60.00. On average, they predict the company’s stock price to reach $46.60 in the next twelve months.

At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.27% per year. These returns cover a period from January 1, 1988 through April 3, 2023. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.

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Northern Oil and Gas’ stock was trading at $30.82 at the beginning of 2023. Since then, NOG stock has decreased by 1.9% and is now trading at $30.22. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023. Sign-up to receive the latest news and ratings for Northern Oil and Gas and its competitors with MarketBeat’s FREE daily newsletter. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.

Investors of record on Thursday, June 29th will be paid a dividend of $0.37 per share on Monday, July 31st. This represents a $1.48 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend is Wednesday, June 28th. This is a positive change from the stock’s previous quarterly dividend of $0.34.

The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month.

• The technique has proven to be very useful for finding positive surprises.
• It focuses on the Bakken and Three Forks formation within the Williston Basin in North Dakota and Montana.
• Northern Oil & Gas Inc. said Tuesday Chief Executive Michael Reger has been terminated, effective immediately, and has ceased being a member of the oil and gas company’s board.
• ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities.
• 7 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Northern Oil and Gas in the last twelve months.

This suggests a possible upside of 54.2% from the stock’s current price. View analysts price targets for NOG or view top-rated stocks among Wall Street analysts. Northern Oil and Gas announced a quarterly dividend on Monday, May 1st.

Northern Oil and Gas’s stock reverse split before market open on Monday, September 21st 2020. The 1-10 reverse split was announced on Wednesday, September 2nd 2020. The number of shares owned by shareholders was adjusted after the market closes on Friday, September 18th 2020. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.