News Oil & Gas

Northern Oil and Gas (NYSE:NOG) Downgraded by StockNews.com to Sell

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StockNews.com lowered shares of Northern Oil and Gas (NYSE:NOG – Get Rating) from a hold rating to a sell rating in a research note published on Wednesday.

A number of other brokerages have also issued reports on NOG. Piper Sandler lifted their target price on Northern Oil and Gas from $43.00 to $51.00 and gave the company an overweight rating in a research report on Thursday, June 9th. Truist Financial lifted their target price on Northern Oil and Gas from $52.00 to $58.00 and gave the company a buy rating in a research report on Monday, June 13th.

NYSE:NOG opened at $27.28 on Wednesday. Northern Oil and Gas has a fifty-two week low of $14.03 and a fifty-two week high of $39.10. The company has a debt-to-equity ratio of 3.73, a current ratio of 0.52 and a quick ratio of 0.52. The company has a market cap of $2.11 billion, a PE ratio of -12.34, a PEG ratio of 0.62 and a beta of 2.17. The company’s 50-day simple moving average is $29.53.

Northern Oil and Gas (NYSE:NOG – Get Rating) last released its quarterly earnings data on Thursday, May 5th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.38. Northern Oil and Gas had a negative return on equity of 1,021.20% and a net margin of 1.28%. The business had revenue of $456.46 million for the quarter, compared to analysts’ expectations of $321.67 million. Equities analysts anticipate that Northern Oil and Gas will post 6.56 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Wednesday, June 29th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Tuesday, June 28th. Northern Oil and Gas’s dividend payout ratio (DPR) is -25.34%.

About Northern Oil and Gas (Get Rating)

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. The company primarily holds interests in the Williston Basin, the Appalachian Basin, and the Permian Basin in the United States.

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