Northern Oil and Gasoline, Inc. (NYSE:NOG) Given Consensus Suggestion of “Average Purchase” by Analysts | Jobi Cool


Shares of Northern Oil and Gasoline, Inc. (NYSE:NOG – Get Ranking ) has earned a median suggestion of “Average Purchase” from the twelve analysts which might be protecting the agency, MarketBeat Rankings reviews. Two analysts have rated the inventory with a maintain ranking, six have given a purchase ranking and one has issued a powerful purchase ranking on the corporate. The typical 12-month goal worth amongst analysts which have issued a report on the inventory within the final yr is $49.20.

Plenty of equities analysts have just lately weighed in on the inventory. Raymond James decreased their worth goal on shares of Northern Oil and Gasoline from $60.00 to $55.00 and set a “strong-buy” ranking on the inventory in a report on Wednesday, January 4th. Jefferies Monetary Group started protection on shares of Northern Oil and Gasoline in a analysis report on Wednesday, October nineteenth. They issued a “purchase” ranking and a $37.00 goal worth on the inventory. StockNews.com raised shares of Northern Oil and Gasoline from a “promote” ranking to a “maintain” ranking in a analysis report on Tuesday, November twenty second. Royal Financial institution of Canada boosted their worth goal on shares of Northern Oil and Gasoline from $42.00 to $46.00 and gave the inventory an “outperform” ranking in a analysis report on Monday, November 14th. Lastly, Northland Securities boosted their worth goal on shares of Northern Oil and Gasoline from $50.00 to $60.00 in a analysis report on Monday, November 14th.

Insiders place their bets

In different Northern Oil and Gasoline information, President Adam A. Dirlam bought 6,620 shares of Northern Oil and Gasoline inventory in a transaction dated Wednesday, October nineteenth. The shares have been bought at a median worth of $34.71, for a complete transaction of $229,780.20. Following the completion of the transaction, the president now owns 58,128 shares within the firm, valued at $2,017,622.88. The sale was disclosed in a doc filed with the SEC, which is out there by way of this hyperlink. In different Northern Oil and Gasoline information, President Adam A. Dirlam bought 6,620 shares of Northern Oil and Gasoline inventory in a transaction dated Wednesday, October nineteenth. The shares have been bought at a median worth of $34.71, for a complete transaction of $229,780.20. Following the completion of the transaction, the president now owns 58,128 shares within the firm, valued at $2,017,622.88. The sale was disclosed in a doc filed with the SEC, which is out there by way of this hyperlink. Additionally, CFO Chad W. Allen bought 2,358 shares of Northern Oil and Gasoline inventory in a transaction dated Monday, November 14th. The inventory was bought at a median worth of $38.16, for a complete transaction of $89,981.28. Following the sale, the chief monetary officer now owns 47,029 shares of the corporate’s inventory, valued at $1,794,626.64. The details about this sale might be discovered right here. Over the past quarter, insiders bought 358,372 shares of firm inventory valued at $13,428,038. Insiders personal 3.60% of the corporate’s shares.

Institutional buyers weigh Northern Oil and Gasoline

Plenty of hedge funds and different institutional buyers have just lately modified their holdings of the corporate. FMR LLC boosted its holdings in shares of Northern Oil and Gasoline by 28.3% throughout the second quarter. FMR LLC now owns 5,809,993 shares of the corporate’s inventory valued at $146,761,000 after shopping for an extra 1,282,999 shares within the final quarter. BlackRock Inc. grew its holdings in Northern Oil and Gasoline by 7.9% within the first quarter. BlackRock Inc. now owns 4,438,695 shares of the corporate’s inventory valued at $125,127,000 after buying an extra 326,123 shares throughout the interval. Vanguard Group Inc. elevated its holdings in Northern Oil and Gasoline by 0.5% within the third quarter. Vanguard Group Inc. now owns 3,743,683 shares of the corporate’s inventory valued at $102,615,000 after buying an extra 20,217 shares throughout the interval. State Avenue Corp boosted its holdings in Northern Oil and Gasoline by 3.7% within the second quarter. State Avenue Corp now owns 3,423,896 shares of the corporate’s inventory valued at $87,138,000 after shopping for an extra 122,883 shares throughout the interval. Lastly, Invesco Ltd. elevated its holdings in Northern Oil and Gasoline by 8.6% within the first quarter. Invesco Ltd. now owns 2,403,274 shares of the corporate’s inventory valued at $67,748,000 after shopping for an extra 189,595 shares throughout the interval. 96.41% of the inventory is at present owned by hedge funds and different institutional buyers.

Northern Oil and Gasoline Inventory Efficiency

Northern Oil and Gasoline inventory opened at $31.39 on Friday. The inventory has a market cap of $2.44 billion, a price-to-earnings ratio of three.60, a price-to-earnings-growth ratio of 0.16 and a beta of 1.97. Northern Oil and Gasoline has a 1 yr low of $20.02 and a 1 yr excessive of $39.10. The corporate has a debt ratio of 1.65, a present ratio of 0.99 and a fast ratio of 0.99. The agency has a 50 day easy transferring common of $33.26 and a 200 day easy transferring common of $30.83.

Northern Oil and Gasoline (NYSE:NOG – Get Ranking ) final launched its quarterly earnings information on Tuesday, November eighth. The corporate reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.10. The agency had income of $534.05 million for the quarter, in comparison with analyst estimates of $412.87 million. On common, analysts count on that Northern Oil and Gasoline will put up 6.99 EPS for the present yr.

Northern Oil and Gasoline will increase dividend

The agency additionally just lately introduced a quarterly dividend, which shall be paid on Tuesday, January thirty first. Stockholders of report on Thursday, December twenty ninth shall be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, December 28. This represents an annualized dividend of $1.20 and a yield of three.82%. This can be a enhance from Northern Oil and Gasoline’s earlier quarterly dividend of $0.25. Northern Oil and Gasoline’s payout ratio is at present 13.76%.

About Northern Oil and Gasoline

(Get ranking)

Northern Oil and Gasoline, Inc., an unbiased power firm, engages within the acquisition, exploration, exploitation, growth and manufacturing of crude oil and pure gasoline properties in the USA. The corporate primarily has pursuits within the Williston Basin, the Appalachian Basin and the Permian Basin in the USA.

Additional studying

Analyst Recommendations for Northern Oil and Gas (NYSE:NOG)

This prompt information alert was generated by narrative science know-how and monetary information from MarketBeat to supply readers with the quickest and most correct reporting. This story was reviewed by MarketBeat editorial employees previous to publication. Please ship questions or feedback about this story to contact@marketbeat.com.

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