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Northern Oil and Gas, Inc. (NYSE American: NOG) today announced the appointment of Nicholas O’Grady as President, in addition to his current role as Northern’s Chief Financial Officer. “Since joining Northern in June 2018, Mr. O’Grady has been instrumental in the acquisitions and financing transactions that have positioned Northern to thrive by fortifying our balance sheet and nearly doubling our production,” commented Bahram Akradi, Chairman of the Board. Northern Oil and Gas, Inc. is an exploration and production company with a core area of focus in the Williston Basin Bakken and Three Forks play in North Dakota and Montana.
Northern Oil and Gas, Inc. (NYSEMKT:NOG) is a company with exceptional fundamental characteristics. Upon building up...
Wall Street is drifting lower again on Wednesday as President Donald Trump remains unable to juice prices higher with hopes of a U.S.-China trade deal despite his best efforts on Twitter (NYSE:TWTR). The problem with all his obvious market coddling is that China isn't playing along, with Beijing's strategy appearing to harden its position and push American share prices lower.As a result, the Dow Jones Industrial Average is testing critical support near its 200-day moving average.Despite this, there are areas of the market such as energy that are perking up. Crude oil is challenging down channel resistance that has been in play since April in what looks like a reappearance of fears over tensions with Iran. As a result, a number of extremely cheap oil and gas stocks are perking up.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Tech Industry Dividend Stocks for Growth and Income Here are four worth a look: Northern Oil and Gas (NOG)Shares of Northern Oil and Gas (NYSE:NOG) are extending above their 50-day moving average, breaking out of the downtrend channel that has been in place since late April. Watch for a run to the 200-day moving average, which would be worth a gain of nearly 20% from here. Shares are bounding off of support from the early 2018 lows near $1.50.The company has been focused on building out its portfolio of properties, expanding it at a time when prices are cheap and sentiment is low. It completed roughly 40 acquisitions since the end of March, adding approximately 6,325 net acres. Extraction Oil & Gas (XOG)Shares of Extraction (NASDAQ:XOG) look set to push up and over its 200-day moving average for the first time since the summer of 2018, ending a tight sideways consolidation that has been in place since December. Coverage was recently initiated by KeyBanc analysts with a buy rating. Wells Fargo resumed coverage in May and are looking for a $8 price target, a move that would be worth a gain of nearly 100% from here. * 10 Companies Using AI to Grow The company will next report results on Nov. 5 after the close. Analysts are looking for a loss of 10 cents per share on revenues of $236.9 million. When the company last reported on Aug. 1, earnings of 22 cents per share beat estimates by 29 cents on a 14.6% decline in revenues. CNX Resources (CNX)Shares of CNX Resources (NYSE:CNX) have pushed up and over their 50-day moving average, testing the upper end of a multi-month consolidation range in what looks like the end of a downtrend that has been in play since the summer of 2018. Watch for a run at the 200-day moving average, which would be worth a gain of roughly 40% from here.The company will next report results on Oct. 29 before the bell. Analysts are looking for a loss of two cents per share on revenues of $333.7 million. When the company last reported on July 30, earnings of six cents per share missed estimates by eight cents on a 50.5% decline in revenues. WPX Energy (WPX)WPX Energy (NYSE:WPX) shares are emerging above its 50-day moving average, ending a downtrend pattern that's been in place since late April after testing support from its late-December lows. The independent shale oil and gas producer, which is based in Oklahoma and has assets in the Permian and Williston Basins, was recently called a Top Pick by Williams Capital analysts.The company will next report results on Oct. 30 after the close. Analysts are looking for earnings of 13 cents per share on revenues of $647.1 million. When the company last reported on Aug. 5, earnings of nine cents per share beat estimates by two cents on a 61.6% rise in revenues.As of this writing, William Roth did not hold any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Industry Dividend Stocks for Growth and Income * 7 Stocks the Insiders Are Buying on Sale * 7 of the Worst Stocks on Wall Street The post 4 Ultra-Cheap Oil Stocks to Buy appeared first on InvestorPlace.
Northern Oil and Gas (NOG) delivered earnings and revenue surprises of 9.09% and 21.77%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Northern Oil and Gas, Inc. (NYSE American: NOG) today announced that Michael Reger, Northern’s Founder, President and Chairman Emeritus, is departing the company to pursue opportunities outside the Williston Basin. The departure is amicable and Mr. Reger will remain Chairman Emeritus. In addition, Mr. Reger will be available to assist Northern in the transition under a consulting arrangement through March 2020.
MINNEAPOLIS-- -- Second quarter production increased 66% over the prior year, averaging 34,965 barrels of oil equivalent per day. Cash flow from operations, excluding a $5.8 million net increase from changes in working capital, was $93.6 million in the second quarter, a 7% increase versus the first quarter. Organic drilling and development capital expenditures totaled $71.9 million during the second ...
Moody's Investors Service (Moody's) changed Northern Oil and Gas, Inc.'s (NOG) rating outlook to positive from stable. Concurrently, Moody's affirmed NOG's B3 Corporate Family Rating (CFR), B3-PD Probability of Default Rating (PDR) and Caa1 second lien senior secured notes rating. The Speculative Grade Liquidity (SGL) Rating was downgraded to SGL-3 from SGL-2.
Northern Oil and Gas (NOG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
With the first-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the first quarter. One of these stocks was Northern Oil & Gas, Inc. (NYSEAMEX:NOG). Northern Oil & Gas, Inc. […]
70+ oil & gas industry management teams will discuss 2019-2020 operations at EnerCom's 24th Denver energy investment conference DENVER , June 25, 2019 /PRNewswire/ -- The oil and gas companies presenting ...
Investors need to pay close attention to Northern Oil and Gas (NOG) stock based on the movements in the options market lately.
NEW YORK, NY / ACCESSWIRE / May 10, 2019 / Northern Oil & Gas, Inc. (NYSE American: NOG ) will be discussing their earnings results in their 2019 First Quarter Earnings to be held on May 10, 2019 at 10:00 ...
Northern Oil and Gas (NOG) delivered earnings and revenue surprises of -41.67% and -7.13%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
The Minnetonka, Minnesota-based company said it had a loss of 29 cents per share. Earnings, adjusted for non-recurring costs, were 7 cents per share. The results missed Wall Street expectations. The average ...