Northern Oil And Gas: Acquisitions Increase Its Near-Term Leverage [Seeking Alpha]
Northern Oil and Gas, Inc. (NOG)
NASDAQ:AMEX Investor Relations:
northernoil.com
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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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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