Northern Oil and Gas' (NYSE:NOG) Dividend Will Be Increased To $0.42 [Yahoo! Finance]
Northern Oil and Gas, Inc. (NOG)
NASDAQ:AMEX Investor Relations:
northernoil.com
Company Research
Source: Yahoo! Finance
NYSE:NOG ) has announced that it will be paying its dividend of $0.42 on the 31st of October, an increased payment from last year's comparable dividend. This makes the dividend yield about the same as the industry average at 4.5%. Northern Oil and Gas' Projected Earnings Seem Likely To Cover Future Distributions We like a dividend to be consistent over the long term, so checking whether it is sustainable is important. Prior to this announcement, Northern Oil and Gas' earnings easily covered the dividend, but free cash flows were negative. With the company not bringing in any cash, paying out to shareholders is bound to become difficult at some point. Over the next year, EPS is forecast to expand by 14.8%. If the dividend continues along recent trends, we estimate the payout ratio will be 25%, which is in the range that makes us comfortable with the sustainability of the dividend. Northern Oil and Gas Doesn't Have A Long Payment History The dividend hasn't seen any major cuts
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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