Northern Oil And Gas: Acquisitions Boost Oil Production By More Than 15% [Seeking Alpha]
Northern Oil and Gas, Inc. (NOG)
NASDAQ:AMEX Investor Relations:
northernoil.com
Company Research
Source: Seeking Alpha
Play 8min Summary Northern Oil and Gas spent more than $700 million on recent acquisitions. These acquisitions should boost its oil production by more than 15%. Northern paid for the acquisitions in cash, so leverage has increased. Leverage is projected to end 2025 at around 1.2x depending on spending on share repurchases. Northern is also projected to generate $542 million in 2025 free cash flow at current low-$70s WTI oil strip. Looking for more investing ideas like this one? Get them exclusively at Distressed Value Investing. Learn More » Torsten Asmus Northern Oil and Gas ( NYSE: NOG ) made more than $700 million in acquisitions recently, acquiring stakes in Delaware Basin and Uinta Basin assets. These acquisitions should add over 15% to Northern's oil production. Northern is paying for the acquisitions with credit facility borrowings, pushing its net debt over $2.3 billion. It should be able to generate over $500 million in 2025 free cash flow at current lo
Show less
Read more
Impact Snapshot
Event Time:
NOG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
NOG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
NOG alerts
High impacting Northern Oil and Gas, Inc. news events
Weekly update
A roundup of the hottest topics
NOG
News
- Northern Oil and Gas, Inc. (NYSE: NOG) was downgraded by analysts at Royal Bank of Canada from an "outperform" rating to a "sector perform" rating. They now have a $45.00 price target on the stock, up previously from $43.00.MarketBeat
- Northern Oil and Gas, Inc. (NYSE: NOG) had its price target raised by analysts at Piper Sandler from $40.00 to $41.00. They now have a "neutral" rating on the stock.MarketBeat
- Northern Oil and Gas, Inc. (NYSE: NOG) had its price target raised by analysts at Truist Financial Co. from $44.00 to $51.00. They now have a "buy" rating on the stock.MarketBeat
- Is Northern Oil and Gas, Inc. (NYSE:NOG) Trading At A 46% Discount? [Yahoo! Finance]Yahoo! Finance
- Northern Oil & Gas Inc (NOG) Q3 2024 Earnings Call Highlights: Record Production and ... [Yahoo! Finance]Yahoo! Finance
NOG
Earnings
- 11/5/24 - Beat
NOG
Sec Filings
- 11/12/24 - Form SC
- 11/8/24 - Form 4
- 11/8/24 - Form 4
- NOG's page on the SEC website