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Northern Oil and Gas Inc. - NOG STOCK NEWS

Welcome to our dedicated news page for Northern Oil and Gas (Ticker: NOG), a resource for investors and traders seeking the latest updates and insights on Northern Oil and Gas.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Northern Oil and Gas's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Northern Oil and Gas's position in the market.

Rhea-AI Summary
Northern Oil and Gas, Inc. (NOG) provided an update on its first quarter hedging results and stock repurchases. The company reported $19.1 million in realized gains on derivatives but also $146.2 million in unrealized mark-to-market losses for the quarter. Additionally, NOG repurchased 549,356 shares of its common stock at an average price of $36.42 per share. As of the end of the first quarter, the company had $67.5 million remaining for stock repurchases.
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Northern Oil and Gas, Inc. (NYSE: NOG) announced its plan to release first quarter 2024 financial results on April 30, 2024. The company will host a conference call and webcast to discuss the results, providing details for participation.
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News
Rhea-AI Summary
Northern Oil and Gas, Inc. (NOG) released its Environmental, Social, and Governance (ESG) Report for 2022, showcasing its commitment to improving ESG standards and initiatives. The report emphasizes NOG's efforts in enhancing its ESG program, aligning with SASB standards, and focusing on non-operated interests.
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Northern Oil and Gas, Inc. (NOG) CEO to participate in a fireside chat at the Raymond James 45th Annual Institutional Investors conference on March 5, 2024.
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conferences
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Rhea-AI Summary
Northern Oil and Gas, Inc. (NOG) reported strong financial results for the fourth quarter and full year 2023, with record production levels, increased cash flow, and improved profitability. The company announced acquisitions, raised capital through a common stock offering, and increased dividends for shareholders. Management is optimistic about 2024, projecting significant production growth and enhanced returns.
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Rhea-AI Summary
Northern Oil and Gas, Inc. (NYSE: NOG) reports a 20% year-over-year growth in production, with fourth quarter 2023 operations update showing estimated production of 114.4 Mboe per day. The company executed $25 million of Ground Game acquisitions and provided preliminary 2024 guidance, anticipating a 20% growth in production compared to 2023.
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Rhea-AI Summary
Northern Oil and Gas, Inc. (NOG) declared a cash dividend of $0.40 per share, payable on April 30, 2024. The company also provided an update on its hedging positions, aiming to generate strong free cash flow and protect underwritten returns. The management plans to prioritize growth investments and potential share repurchases to maximize total shareholder return in 2024.
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Northern Oil and Gas, Inc. (NOG) has successfully completed the acquisition of Utica and Northern Delaware Basin assets from private sellers, paying a total of $162.6 million in cash. The closing costs were incurred in the fourth quarter of 2023 and the first quarter of 2024, with funding partially coming from a $17.1 million deposit paid at signing in November 2023. The acquisitions are subject to post-closing settlements between the parties.
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0.63%
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Rhea-AI Summary
Northern Oil and Gas, Inc. (NYSE: NOG) will release its fourth quarter and year-end 2023 financial results on February 22, 2024, and host a conference call the following day. The webcast and phone details for the call are provided, along with information on accessing the replay. The company has also announced a new corporate website address.
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Rhea-AI Summary
Northern Oil and Gas, Inc. (NOG) has announced two acquisition transactions, including the purchase of core non-operated working interest properties in the Northern Delaware and Appalachian Basins for a combined initial purchase price of $170 million in cash and 107,657 shares of common stock. The acquisitions are expected to be accretive to key financial metrics in 2024 and on a multi-year basis, with combined average expected 2024 production of ~6,500 Boe per day and cash flow from operations expected to be $57.5 - $62.5 million in 2024.
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Northern Oil and Gas Inc.

NYSE:NOG

NOG Rankings

NOG Stock Data

4.31B
93.53M
7.28%
101.6%
9.47%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
US
Minnetonka

About NOG

natural resource production and management.