Company Overview - Northern Oil and Gas (NYSE: NOG) reported Q3 2024 results that were largely in-line with expectations [5] - The company reaffirmed its full-year production and capital expenditure (capex) guidance [5] Dividend Information - Northern Oil and Gas expects to declare a quarterly dividend of $0.45 per share during 2025 [5]

Core Viewpoint - Northern Oil and Gas (NOG) has received a Zacks Rank 2 (Buy) upgrade, indicating a positive outlook based on rising earnings estimates, which are a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the importance of earnings estimate revisions, which have shown a strong correlation with near-term stock price movements [4][6]. - For the fiscal year ending December 2024, Northern Oil and Gas is projected to earn $5.40 per share, reflecting a decrease of 17.9% from the previous year [8]. Analyst Sentiment and Market Impact - Analysts have been increasing their earnings estimates for Northern Oil and Gas, with a 0.1% rise in the Zacks Consensus Estimate over the past three months [8]. - The upgrade to Zacks Rank 2 positions Northern Oil and Gas in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [11].

For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Northern Oil and Gas (NOG) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.Northern Oil and Gas is one of 240 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #15 in the Zacks Sector Rank. The Zacks Sector Ran ...

Northern Oil and Gas, Inc.’s (NOG) board of directors recently announced a cash dividend of 42 cents per share, representing a 5% increase from the prior year’s quarter level. The dividend will be payable Jan. 31, 2025, to its stockholders on record as of Dec. 30, 2024.The company also plans to increase its next quarter dividend, which will represent a 10% hike from its 2024 levels.NOG’s 2025 Dividend Plan Aims for Double-Digit GrowthNOG has a policy to set its dividend strategy once a year before declaring ...

Northern Oil and Gas, Inc. (NOG) reported third-quarter 2024 adjusted earnings per share of $1.40, which beat the Zacks Consensus Estimate of $1.26. The outperformance indicates strong production.  However, the bottom line declined from the year-ago reported figure of $1.73 due to weaker realized prices from crude oil and natural gas and a 17.5% increase in operating expenses.Oil and natural gas sales of $514 million missed the Zacks Consensus Estimate of $535 million. The top line increased from the year-a ...

Northern Oil and Gas (NOG) came out with quarterly earnings of $1.40 per share, beating the Zacks Consensus Estimate of $1.16 per share. This compares to earnings of $1.73 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.69%. A quarter ago, it was expected that this independent oil and gas company would post earnings of $1.20 per share when it actually produced earnings of $1.46, delivering a surprise of 21.67%.Over the last ...

Core Viewpoint - Northern Oil and Gas, Inc. (NOG) is expected to report third-quarter results on November 5, 2024, with earnings estimated at $1.16 per share and revenues at $536.47 million [1]. Group 1: Previous Quarter Performance - In the last reported quarter, NOG's adjusted earnings per share were $1.46, exceeding the Zacks Consensus Estimate of $1.20, while revenues reached $561 million, surpassing the estimate of $538 million [3]. - NOG has beaten the Zacks Consensus Estimate in two of the last four quarters, with an average surprise of 7.36% [4]. Group 2: Third Quarter Estimates - The Zacks Consensus Estimate for third-quarter earnings has seen two upward and four downward revisions in the past 30 days, indicating a 32.95% year-over-year decrease, while revenue estimates show a 4.85% increase from the previous year [4]. - Revenue is projected to increase to $529.9 million from $511.7 million year-over-year, primarily driven by a 4.5% growth in oil revenues from $464.8 million [6]. Group 3: Cost Considerations - NOG's total operating expenses for the third quarter are expected to be $359.4 million, a 32.3% increase from the previous year, with production expenses rising from $82.5 million to $106.9 million [7]. - Depletion, depreciation, amortization, and accretion expenses are anticipated to increase from $133.8 million to $191.0 million during the same period [7]. Group 4: Earnings Prediction Model - The Zacks model does not predict a definitive earnings beat for NOG, as the Earnings ESP is 0.00% [9]. - NOG currently holds a Zacks Rank of 3, indicating a hold position [10].

Northern Oil and Gas (NOG) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on ...

We are currently offering a free two-week trial to Distressed Value Investing . Join our community to receive exclusive research about various companies and other opportunities along with full access to my portfolio of historic research that now includes over 1,000 reports on over 100 companies. Aaron Chow, aka Elephant Analytics has 15+ years of analytical experience and is a top rated analyst on TipRanks. Aaron previously co-founded a mobile gaming company (Absolute Games) that was acquired by PENN Entert ...

Northern Oil and Gas, Inc. (NOG) has completed the acquisition of significant assets in the Uinta Basin, previously owned by XCL Resources, LLC and Altamont Energy, LLC. This acquisition, finalized on Oct. 1, 2024, represents a critical strategic move for NOG, securing more than a decade of Tier 1 inventory across 15,800 net acres with 116 net underwritten undeveloped locations. The deal further enhances NOG's position in the U.S. energy market by providing a significant growth trajectory. Strategic Partner ...