Northern Oil And Gas: Acquisitions Increase Its Near-Term Leverage [Seeking Alpha]
Northern Oil and Gas, Inc. (NOG)
NASDAQ:AMEX Investor Relations:
northernoil.com
Company Research
Source: Seeking Alpha
Northern Oil And Gas: Acquisitions Increase Its Near-Term Leverage Northern Oil and Gas (NYSEMKT: NOG previously closed It also announced However, the various acquisitions have boosted Northern's projected leverage and net debt for now, and concerns over this have likely contributed to Northern's weak stock performance. Northern is well hedged but will still need to be careful not to overextend itself with its acquisitions. Curtailment Issues Production curtailments due to infrastructure bottlenecks in the Williston Basin continues to have an impact on Northern's production. It estimated that these curtailments reduced its production by around 2,800 BOEPD in Q1 2019 and 2,500 BOEPD in Q2 2019. The impact of curtailments was baked into Northern's earlier 2019 guidance to a certain extent. However, it previously expected the curtailments to start abating by the second half of 2019, while it "now expects similar levels of curtailment to persist through the third quarter and likely well i
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NOG
News
- NOG Responds to Reuters Article in Regard to Potential Business CombinationBusiness Wire
- Northern Oil and Gas, Inc. (NYSE: NOG) had its price target lowered by analysts at Piper Sandler from $41.00 to $37.00. They now have a "neutral" rating on the stock.MarketBeat
- Northern Oil and Gas Inks $160M Appalachia Development Program [Yahoo! Finance]Yahoo! Finance
- Northern Oil and Gas, Inc. (NYSE: NOG) was downgraded by analysts at Mizuho from an "outperform" rating to a "neutral" rating. They now have a $47.00 price target on the stock.MarketBeat
- Northern Oil and Gas, Inc. (NYSE: NOG) was downgraded by analysts at Mizuho from an "outperform" rating to a "neutral" rating. They now have a $47.00 price target on the stock.MarketBeat
NOG
Earnings
- 11/5/24 - Beat
NOG
Sec Filings
- 12/3/24 - Form 4
- 12/3/24 - Form 4
- 12/3/24 - Form 4
- NOG's page on the SEC website