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Northern Oil and Gas (NOG)

Company Profile

natural resource production and management.

Company profile

Ticker

NOG

Exchange

Website

www.northernoil.com/

CEO

Nicholas O'Grady

Location

Fiscal year end

Sector

Mining, Quarrying, and Oil and Gas Extraction > Crude Petroleum and Natural Gas Extraction

Industry (SIC)

Crude Petroleum & Natural Gas

Petroleo Brasileiro S.A. Petrobras • Occidental Petroleum • Devon Energy • Chesapeake Energy • Marathon Oil • Murphy Oil • Pressburg • Ovintiv • Pioneer Natural Resources • California Resources ...

Former names

KENTEX PETROLEUM INC

SEC CIK

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Material Contracts & Credit Agreements

IRS number

953848122

NOG stock data

1M 1Y 5Y

Latest filings (excl ownership)

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Quarterly report

2 Nov 23

NOG Announces Third Quarter 2023 Results, Achieves New Quarterly Production Record

NOG Provides Preliminary Financial and Operational Updates for the Third Quarter of 2023

Prospectus supplement for primary offering

Prospectus supplement for primary offering

Letter from SEC

Correspondence with SEC

NOG Closes Novo Acquisition

Entry into a Material Definitive Agreement

Transcripts

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Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Latest ownership filings

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Notice of proposed sale of securities

Notice of proposed sale of securities

Notice of proposed sale of securities

Notice of proposed sale of securities

NICHOLAS L. O'GRADY

Financial summary

Financial statements Chart NOG financial data

Quarter (USD)	Sep 23	Jun 23	Mar 23	Dec 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	12.95 mm	12.95 mm	12.95 mm	12.95 mm	12.95 mm	12.95 mm
Cash burn (monthly)	617.67 k	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	1.33 mm	n/a	n/a	n/a	n/a	n/a
Cash remaining	11.63 mm	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	18.8	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2023

NOG institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	323	297	+8.8%
Opened positions	54	59	-8.5%
Closed positions	28	24	+16.7%
Increased positions	130	120	+8.3%
Reduced positions	102	68	+50.0%

13F shares	Current	Prev Q	Change
Total value	3.63 tn	3.09 tn	+17.4%
Total shares	140.47 mm	144.03 mm	-2.5%
Total puts	1.75 mm	1.47 mm	+18.9%
Total calls	1.13 mm	2.71 mm	-58.4%
Total put/call ratio	1.6	0.5	+185.6%

Largest owners	Shares	Value	Change
Pivotal Williston Basin	25.75 mm	$885.92 mm	0.0%
Pivotal Williston Basin II	21.26 mm	$480.45 mm	0.0%
BLK Blackrock	12.39 mm	$498.43 bn	+3.6%
Vanguard	7.76 mm	$312.18 bn	+26.7%
FMR	6.87 mm	$276.32 bn	-4.0%
STT State Street	4.62 mm	$187.78 bn	+4.6%
IVZ Invesco	3.79 mm	$152.32 bn	+19.0%
TRT	3.14 mm	$130.12 mm	-54.3%
American Century Companies	2.56 mm	$103.09 bn	+27.0%
Copeland Capital Management	2.22 mm	$89.35 bn	-12.2%

Largest transactions	Shares	Bought/sold	Change
TRT	3.14 mm	-3.74 mm	-54.3%
Angelo Gordon & Co.	0.00	-3.20 mm	EXIT
Vanguard	7.76 mm	+1.64 mm	+26.7%
Millennium Management	898.11 k	-971.48 k	-52.0%
Palisade Capital Management	1.20 mm	+955.94 k	+389.6%
IVZ Invesco	3.79 mm	+605.20 k	+19.0%
Voya Investment Management	499.23 k	-547.58 k	-52.3%
American Century Companies	2.56 mm	+545.30 k	+27.0%
Point72 Asset Management	0.00	-520.18 k	EXIT
Hood River Capital Management	927.92 k	+429.67 k	+86.2%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

NOG insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
28 Nov 23	Akradi Bahram	Common Stock	Sell	Dispose S	Yes	No	37.8286	12,000	453.94 k	0
1 Nov 23	James B. Evans	Common Stock	Sell	Dispose S	No	Yes	38.49	630	24.25 k	38,727
1 Nov 23	Dirlam Adam A.	Common Stock	Sell	Dispose S	Yes	Yes	38.49	204	7.85 k	14,434
1 Nov 23	Dirlam Adam A.	Common Stock	Sell	Dispose S	No	Yes	38.49	1,392	53.58 k	59,572
16 Oct 23	Allen Chad W	Common Stock	Sell	Dispose S	No	No	40.53	7,560	306.41 k	41,537
9 Oct 23	James B. Evans	Common Stock	Sell	Dispose S	No	Yes	39.79	630	25.07 k	39,357

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

Stifel Maintains Buy on Northern Oil & Gas, Raises Price Target to $54

Stifel analyst Derrick Whitfield maintains Northern Oil & Gas (NYSE:NOG) with a Buy and raises the price target from $53 to $54.

What 4 Analyst Ratings Have To Say About Northern Oil & Gas

RBC Capital Reiterates Outperform on Northern Oil & Gas, Maintains $46 Price Target

RBC Capital analyst Scott Hanold reiterates Northern Oil & Gas (NYSE:NOG) with a Outperform and maintains $46 price target.

Piper Sandler Maintains Neutral on Northern Oil & Gas, Raises Price Target to $44

Raymond James Maintains Strong Buy on Northern Oil & Gas, Lowers Price Target to $51

Press releases

From Benzinga Pro

NOG Announces Bolt-on Acquisitions; Expands Northern Delaware Position and Enters Ohio Utica Shale in Appalachia

HIGHLIGHTS Bolt-on acquisitions of core non-operated working interest properties in the Northern Delaware and Appalachian Basins for a combined initial purchase price of $170 million in cash and 107,657 shares of

NOG Announces Third Quarter 2023 Results, Achieves New Quarterly Production Record

THIRD QUARTER HIGHLIGHTS Record quarterly production of 102,327 Boe per day (62% oil), increases of 13% from the second quarter of 2023 and 29% from the third quarter of 2022 GAAP net income of $26.1 million,

NOG Declares $0.40 Quarterly Cash Dividend, 33% Increase Year-over-Year, 5% Sequential Increase over Prior Quarter

Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG" or the "Company") today announced that its Board of Directors has declared a cash dividend on the Company's common stock. The Company also announced its current plan with

NOG Provides Preliminary Financial and Operational Updates for the Third Quarter of 2023

NOG Schedules Third Quarter 2023 Earnings Release and Conference Call

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