|Bid||0.7830 x 1100|
|Ask||0.7899 x 800|
|Day's Range||0.7710 - 0.8075|
|52 Week Range||0.5000 - 2.4300|
|Beta (5Y Monthly)||2.16|
|PE Ratio (TTM)||0.82|
|Earnings Date||Aug 07, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.44|
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.
Northern Oil and Gas, Inc. Announces Multiple Acquisitions and Additional Balance Sheet Enhancement
North Dakota oil producers face new pressures to delay bringing back more of their recently curbed output after a U.S. court ruling this month put in jeopardy the pipeline that transports most of the region's oil, executives and analysts said. Oil producers in the Bakken, the second largest U.S. shale field, cut May output by about 500,000 barrels per day after U.S. prices tumbled in March on the heels of global coronavirus shutdowns. An appeals court has allowed Energy Transfer LP's Dakota Access Pipeline (DAPL) to continue operating for now, but the threat of closure makes reversing cutbacks and drilling new wells too risky, executives and analysts say.
Moody's Investors Service (Moody's) changed Northern Oil and Gas, Inc.'s (NOG) rating outlook to stable from positive. Concurrently, Moody's affirmed NOG's B3 Corporate Family Rating (CFR), B3-PD Probability of Default Rating (PDR) and Caa1 second lien secured notes rating. "The stable outlook reflects Northern Oil & Gas' reduced debt balances and its commodity hedges that should help endure low oil prices following the coronavirus outbreak and deteriorating global economic outlook," said Amol Joshi, Moody's Vice President and Senior Credit Officer.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
EnerCom, Inc. is pleased to announce that registration is open for the 25th annual edition of its popular The Oil & Gas Conference® August 17th to the 19th, 2020. This year's event will allow the global energy investment community to attend digitally. EnerCom is excited to expand upon it's quarter-century of experience providing high-quality events to offer an experience that allows investors to attend from anywhere in the world.
Northern Oil and Gas, Inc. Announces Launch of Consent Solicitation to Holders of its Senior Secured Second Lien Notes Due 2023
|Upgrade||SunTrust Robinson Humphrey: Hold to Buy||7/1/2020|
|Maintains||Imperial Capital: to Outperform||3/13/2020|
|Downgrade||SunTrust Robinson Humphrey: Buy to Hold||3/9/2020|
|Upgrade||Imperial Capital: In-Line to Outperform||12/20/2019|
|Upgrade||Capital One Financial: Equal-Weight to Overweight||7/31/2018|
|Upgrade||SunTrust Robinson Humphrey: Hold to Buy||5/24/2018|
Industry: Oil & Gas E&P
Full Time Employees: 24
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 Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana. As of December 31, 2019, it owned working interests in 6,156 gross producing wells; and had proved reserves of 163.3 million barrels of oil equivalent. The company is based in Minnetonka, Minnesota.