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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) reported record quarterly production of 102,327 Boe per day, a 13% increase from Q2 2023 and a 29% increase from Q3 2022. GAAP net income was $26.1 million, adjusted net income was $161.2 million, and adjusted EBITDA was $385.5 million. Cash flow from operations was $263.9 million. The company closed the acquisition of a 33.33% stake in the Novo assets for $468.4 million. NOG declared a $0.38 per share common dividend for Q3 2023, a 52% increase from Q3 2022, and declared a $0.40 per share common dividend for Q4 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.3%
Tags
-
Rhea-AI Summary
Northern Oil and Gas, Inc. (NYSE: NOG) has declared a cash dividend of $0.40 per share, representing a 5% increase from the previous quarter. The dividend will be payable on January 31, 2024. The company also announced its 2024 dividend plan, with a quarterly dividend of $0.40 per share expected throughout the year, resulting in a 7% increase in total per share dividends compared to 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.95%
Tags
dividends
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Rhea-AI Summary
Northern Oil and Gas, Inc. provides an update on Ground Game acquisitions and other financial and operational items for Q3 2023. They closed on eight transactions in the Permian Basin, adding 5.7 net drilling locations and approximately 514 net acres. Gross consents were up over 35% sequentially in Q3 compared to Q2. Capital expenditures for Q3 are expected to be in the range of $215 to $218 million. Mark-to-market losses on unsettled commodity derivatives for Q3 are estimated to be approximately $205 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.25%
Tags
none
Rhea-AI Summary
Northern Oil and Gas, Inc. plans to release its Q3 2023 financial and operating results on November 1, 2023, after the market closes. A conference call will be held on November 2, 2023, at 7:00 a.m. Central Time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.39%
Tags
-
Rhea-AI Summary
Northern Oil and Gas, Inc. prices underwritten public offering of common stock
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.9%
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Rhea-AI Summary
Northern Oil and Gas, Inc. announces underwritten public offering of common stock
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.9%
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News
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.09%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.61%
Tags
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Rhea-AI Summary
Northern Oil and Gas, Inc. (NYSE: NOG) has completed its semi-annual borrowing base redetermination, resulting in an increase of the borrowing base to $1.8 billion and the elected commitment amount to $1.25 billion. The amendment to the Facility will take effect upon the closing of the Novo acquisition in mid-August 2023. PNC Bank and Bank of Oklahoma have joined as new members of the lending syndicate.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.61%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.03%
Tags
dividends
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.