This summary was created by AI, based on 1 opinions in the last 12 months.
Northern Oil & Gas, Inc. (NOG-N) reported record cash flow and production, with a majority of it being oil based. The management has also announced an increase in Uinta basin holdings. The stock is currently trading at a low multiple of earnings and book value, with a high return on equity and a sustainable dividend backed by a low payout ratio. The experts recommend setting a stop-loss at $32 with an upside potential of 30% to achieve $50. The stock also offers a solid yield of 4.2%.
Northern Oil & Gas, Inc. is a American stock, trading under the symbol NOG-N on the NYSE American (NOG). It is usually referred to as AMEX:NOG or NOG-N
In the last year, there was no coverage of Northern Oil & Gas, Inc. published on Stockchase.
Northern Oil & Gas, Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Northern Oil & Gas, Inc..
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In the last year, there was no coverage of Northern Oil & Gas, Inc. published on Stockchase.
On 2024-12-13, Northern Oil & Gas, Inc. (NOG-N) stock closed at a price of $40.57.
NOG recently reported record cash flow and production of which 57% is oil based. Management just announced it has exercised its option to increase Uinta basin holdings. It trades at 7x earnings, under 2x book and supports a 32% ROE. Its dividend is backed by a payout ratio under 30% of cash flow. We recommend setting a stop-loss at $32, looking to achieve $50 -- upside potential of 30%. Yield 4.2%
(Analysts’ price target is $50.21)