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Northern Oil and Gas, Inc. - $NOG STOCK NEWS

Welcome to our dedicated page for Northern Oil and Gas news (Ticker: $NOG), a resource for investors and traders seeking the latest updates and insights on Northern Oil and Gas stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Northern Oil and Gas's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Northern Oil and Gas's position in the market.

News
NOG Announces Closings of Utica and Northern Delaware Acquisitions
Rhea-AI Summary
Northern Oil and Gas, Inc. (NOG) has successfully completed the acquisition of Utica and Northern Delaware Basin assets from private sellers, paying a total of $162.6 million in cash. The closing costs were incurred in the fourth quarter of 2023 and the first quarter of 2024, with funding partially coming from a $17.1 million deposit paid at signing in November 2023. The acquisitions are subject to post-closing settlements between the parties.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.63%
Tags
acquisition
-
News
NOG Schedules Fourth Quarter and Year-End 2023 Earnings Release and Conference Call
Rhea-AI Summary
Northern Oil and Gas, Inc. (NYSE: NOG) will release its fourth quarter and year-end 2023 financial results on February 22, 2024, and host a conference call the following day. The webcast and phone details for the call are provided, along with information on accessing the replay. The company has also announced a new corporate website address.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.99%
Tags
earnings
-
News
NOG Announces Bolt-on Acquisitions; Expands Northern Delaware Position and Enters Ohio Utica Shale in Appalachia
Rhea-AI Summary
Northern Oil and Gas, Inc. (NOG) has announced two acquisition transactions, including the purchase 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 common stock. The acquisitions are expected to be accretive to key financial metrics in 2024 and on a multi-year basis, with combined average expected 2024 production of ~6,500 Boe per day and cash flow from operations expected to be $57.5 - $62.5 million in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.29%
Tags
acquisition
News
NOG Announces Third Quarter 2023 Results, Achieves New Quarterly Production Record
Rhea-AI Summary
Northern Oil and Gas, Inc. (NOG) reported record quarterly production of 102,327 Boe per day, a 13% increase from Q2 2023 and a 29% increase from Q3 2022. GAAP net income was $26.1 million, adjusted net income was $161.2 million, and adjusted EBITDA was $385.5 million. Cash flow from operations was $263.9 million. The company closed the acquisition of a 33.33% stake in the Novo assets for $468.4 million. NOG declared a $0.38 per share common dividend for Q3 2023, a 52% increase from Q3 2022, and declared a $0.40 per share common dividend for Q4 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.3%
Tags
earnings
-
News
NOG Declares $0.40 Quarterly Cash Dividend, 33% Increase Year-over-Year, 5% Sequential Increase over Prior Quarter
Rhea-AI Summary
Northern Oil and Gas, Inc. (NYSE: NOG) has declared a cash dividend of $0.40 per share, representing a 5% increase from the previous quarter. The dividend will be payable on January 31, 2024. The company also announced its 2024 dividend plan, with a quarterly dividend of $0.40 per share expected throughout the year, resulting in a 7% increase in total per share dividends compared to 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.95%
Tags
dividends
-
News
NOG Provides Preliminary Financial and Operational Updates for the Third Quarter of 2023
Rhea-AI Summary
Northern Oil and Gas, Inc. provides an update on Ground Game acquisitions and other financial and operational items for Q3 2023. They closed on eight transactions in the Permian Basin, adding 5.7 net drilling locations and approximately 514 net acres. Gross consents were up over 35% sequentially in Q3 compared to Q2. Capital expenditures for Q3 are expected to be in the range of $215 to $218 million. Mark-to-market losses on unsettled commodity derivatives for Q3 are estimated to be approximately $205 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.25%
Tags
none
News
NOG Schedules Third Quarter 2023 Earnings Release and Conference Call
Rhea-AI Summary
Northern Oil and Gas, Inc. plans to release its Q3 2023 financial and operating results on November 1, 2023, after the market closes. A conference call will be held on November 2, 2023, at 7:00 a.m. Central Time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.39%
Tags
earnings
-
News
NOG Announces Pricing of Public Offering of Common Stock
Rhea-AI Summary
Northern Oil and Gas, Inc. prices underwritten public offering of common stock
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.9%
Tags
offering
-
News
NOG Announces Public Offering of Common Stock
Rhea-AI Summary
Northern Oil and Gas, Inc. announces underwritten public offering of common stock
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.9%
Tags
offering
News
NOG Closes Novo Acquisition
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.09%
Tags
acquisition
Stock NOG logo
Northern Oil and Gas, Inc.

NYSE:NOG

NOG Rankings

#1347 Ranked by Market Cap
#1164 Ranked by Stock Gains
#841 Ranked by Dividends

NOG Stock Data

4.12B
93.53M
7.28%
101.6%
9.47%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
MINNETONKA

About NOG

natural resource production and management.