Northern Oil and Fuel, Inc. (NYSE:NOG – Get Ranking) – Funding analysts at Jefferies Monetary Group elevated their FY2022 earnings per share estimates for Northern Oil and Fuel in a report issued on Tuesday, January seventeenth. Jefferies Monetary Group analyst L. Byrne now forecasts that the corporate will earn $11.95 per share for the yr, up from their earlier estimate of $6.84. Jefferies Monetary Group at the moment has a “Purchase” score and a $37.00 goal worth on the inventory. The consensus estimate for Northern Oil and Fuel’ present full-year earnings is $6.99 per share. Jefferies Monetary Group additionally issued estimates for Northern Oil and Fuel’ FY2023 earnings at $9.19 EPS.
Northern Oil and Fuel (NYSE:NOG – Get Ranking) final issued its quarterly earnings outcomes on Tuesday, November eighth. The corporate reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.10. The agency had income of $534.05 million in the course of the quarter, in comparison with the consensus estimate of $412.87 million.
Different equities analysis analysts additionally just lately issued analysis studies concerning the firm. Raymond James reduce their worth goal on Northern Oil and Fuel from $60.00 to $55.00 and set a “strong-buy” score for the corporate in a report on Wednesday, January 4th. Piper Sandler raised their worth goal on Northern Oil and Fuel from $51.00 to $59.00 and gave the corporate an “chubby” score in a report on Tuesday, October 18th. Financial institution of America upgraded shares of Northern Oil and Fuel from a “impartial” score to a “purchase” score and set a $38.00 goal worth on the inventory in a analysis report on Friday, January sixth. Citigroup lifted their goal worth on Northern Oil and Fuel from $36.00 to $46.00 in a report on Friday, November twenty fifth. Lastly, Truist Monetary upped their worth goal on shares of Northern Oil and Fuel from $65.00 to $66.00 and gave the corporate a “purchase” score in a analysis notice on Thursday, October thirteenth. Two equities analysis analysts have rated the inventory with a maintain score, seven have given a purchase score and one has assigned a robust purchase score to the corporate’s inventory. In line with information from MarketBeat, Northern Oil and Fuel presently has a consensus score of “Reasonable Purchase” and a median goal worth of $49.20.
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Northern Oil and Fuel Buying and selling Up 2.0 %
NYSE NOG opened at $31.79 on Friday. The corporate has a market cap of $2.48 billion, a PE ratio of three.65, a PEG ratio of 0.17 and a beta of 1.97. The corporate has a present ratio of 0.99, a fast ratio of 0.99 and a debt-to-equity ratio of 1.65. The inventory has a 50 day shifting common of $32.89 and a 200-day shifting common of $31.09. Northern Oil and Fuel has a 12 month low of $20.02 and a 12 month excessive of $39.10.
Northern Oil and Fuel Will increase Dividend
The agency additionally just lately declared a quarterly dividend, which will likely be paid on Tuesday, January thirty first. Shareholders of report on Thursday, December twenty ninth will likely be given a dividend of $0.30 per share. This can be a constructive change from Northern Oil and Fuel’s earlier quarterly dividend of $0.25. The ex-dividend date is Wednesday, December twenty eighth. This represents a $1.20 dividend on an annualized foundation and a yield of three.77%. Northern Oil and Fuel’s dividend payout ratio is presently 13.76%.
Insiders Place Their Bets
In different information, main shareholder Robert B. Rowling bought 261,000 shares of the enterprise’s inventory in a transaction that occurred on Friday, November eleventh. The inventory was bought at a median worth of $37.45, for a complete transaction of $9,774,450.00. Following the transaction, the insider now immediately owns 8,002,719 shares of the corporate’s inventory, valued at $299,701,826.55. The transaction was disclosed in a authorized submitting with the Securities & Alternate Fee, which is accessible via this hyperlink. In associated information, main shareholder Robert B. Rowling bought 261,000 shares of Northern Oil and Fuel inventory in a transaction on Friday, November eleventh. The shares have been bought at a median worth of $37.45, for a complete worth of $9,774,450.00. Following the sale, the insider now owns 8,002,719 shares within the firm, valued at $299,701,826.55. The transaction was disclosed in a doc filed with the SEC, which is accessible via this hyperlink. Additionally, CFO Chad W. Allen bought 2,642 shares of the enterprise’s inventory in a transaction on Friday, November eleventh. The shares have been bought at a median worth of $38.04, for a complete transaction of $100,501.68. Following the transaction, the chief monetary officer now immediately owns 49,387 shares within the firm, valued at $1,878,681.48. The disclosure for this sale will be discovered right here. Within the final 90 days, insiders bought 337,990 shares of firm inventory value $12,705,441. 3.60% of the inventory is at the moment owned by firm insiders.
Institutional Buying and selling of Northern Oil and Fuel
A number of institutional buyers and hedge funds have just lately purchased and bought shares of the inventory. FMR LLC raised its place in shares of Northern Oil and Fuel by 28.3% within the 2nd quarter. FMR LLC now owns 5,809,993 shares of the corporate’s inventory value $146,761,000 after buying an extra 1,282,999 shares within the final quarter. BlackRock Inc. grew its stake in Northern Oil and Fuel by 7.9% within the first quarter. BlackRock Inc. now owns 4,438,695 shares of the corporate’s inventory value $125,127,000 after buying an extra 326,123 shares in the course of the interval. Vanguard Group Inc. raised its holdings in Northern Oil and Fuel by 0.5% within the third quarter. Vanguard Group Inc. now owns 3,743,683 shares of the corporate’s inventory value $102,615,000 after buying an extra 20,217 shares within the final quarter. State Road Corp raised its holdings in Northern Oil and Fuel by 3.7% within the second quarter. State Road Corp now owns 3,423,896 shares of the corporate’s inventory value $87,138,000 after buying an extra 122,883 shares within the final quarter. Lastly, Invesco Ltd. lifted its place in Northern Oil and Fuel by 8.6% in the course of the first quarter. Invesco Ltd. now owns 2,403,274 shares of the corporate’s inventory valued at $67,748,000 after shopping for an extra 189,595 shares in the course of the interval. 96.41% of the inventory is at the moment owned by hedge funds and different institutional buyers.
About Northern Oil and Fuel
Northern Oil and Fuel, Inc, an unbiased power firm, engages within the acquisition, exploration, exploitation, improvement, and manufacturing of crude oil and pure fuel properties in the US. The corporate primarily holds pursuits within the Williston Basin, the Appalachian Basin, and the Permian Basin in the US.
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