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
- Northern Oil and Gas, Inc. (NYSE: NOG) had its price target lowered by analysts at Citigroup Inc. from $55.00 to $50.00. They now have a "buy" rating on the stock.MarketBeat
- NOG Declares $0.40 Quarterly Cash DividendBusiness Wire
- Northern Oil and Gas, Inc. (NYSE:NOG) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Northern Oil and Gas, Inc. (NYSE: NOG) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Northern Oil and Gas, Inc. (NYSE: NOG) had its price target raised by analysts at Truist Financial Co. from $55.00 to $56.00. They now have a "buy" rating on the stock.MarketBeat
NOG
Earnings
- 4/30/24 - Beat
NOG
Sec Filings
- 5/3/24 - Form 4
- 5/1/24 - Form 144
- 4/30/24 - Form 10-Q
- NOG's page on the SEC website