Momentum Is Strong For Northern Oil and Gas Inc. (NYSE: NOG)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Oil & Gas E&P industry segment, falling under the Energy sector. The current market capitalization of Northern Oil and Gas Inc. is $4.02B. A total of 1.1 million shares were traded on the day, compared to an average of 1.48M shares.

In the most recent transaction, Dirlam Adam A. sold 2,508 shares of NOG for 38.50 per share on Oct 03 ’24. After the transaction, the President now owns 107,876 company shares. In a previous transaction on Oct 03 ’24, Dirlam Adam A. sold 366 shares at 38.50 per share. NOG shares that President owns now total 16,791.

Among the insiders who sold shares, Allen Chad W disposed of 500 shares on Oct 02 ’24 at a per-share price of $37.13. This resulted in the CFO holding 85,292 shares of NOG after the transaction. In another insider transaction, Romslo Erik J. sold 1,500 shares at $35.26 per share on Oct 01 ’24. Company shares held by the Chief Legal Officer & Sec. now total 105,713.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Northern Oil and Gas Inc. pays an annual dividend of $1.62, resulting in a dividend yield of 4.04%, and it has a price to earnings (P/E) ratio of 7.10. NOG’s most recent ex-dividend date was 9/27/2024 when it declared a $0.42 quarterly dividend that was paid in cash on 10/31/2024. Previously, the company paid the dividend on 7/31/2024 with an ex-dividend date of 6/27/2024. The NOG stock dividend was $0.40 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, NOG has a high of $43.80 and a low of $31.13.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. NOG’s latest balance sheet shows that the firm has $9.52M in Cash & Short Term Investments as of fiscal 2021. There were $803.44M in debt and $327.56M in liabilities at the time. Its Book Value Per Share was $20.65, while its Total Shareholder’s Equity was $215.13M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NOG is Buy with a score of 4.54.

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