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NORTHERN OIL AND GAS, INC.

(NOG)
  Report
Delayed Nyse  -  04:00 2022-10-04 pm EDT
31.35 USD   +6.09%
10/04Northern Oil & Gas to Benefit From Acquisition of 'Highly Coveted Assets' in Delaware Basin, RBC Says
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10/03NOG Announces Core Northern Delaware Basin Bolt-on Acquisition
AQ
09/30Northern Oil & Gas to Acquire Non-Operated Interests in Delaware Basin From Alpha Energy Partners
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NOG Announces Closing of Williston Basin Bolt-on Acquisition

08/15/2022 | 04:16pm EDT

Northern Oil and Gas, Inc. (NYSE: NOG) (“NOG”) today announced the closing of its previously announced acquisition of non-operated Williston Basin assets from a private seller.

MANAGEMENT COMMENT

“NOG continues to execute as the natural consolidator of non-operated properties,” commented Nick O’Grady, NOG’s Chief Executive Officer. “This cash-generating, inventory-rich acquisition remains consistent with our mission to build a diversified, national franchise focused on return on capital, low leverage and with robust, growing shareholder returns.”

WILLISTON BASIN ACQUISITION

NOG closed the Williston Basin acquisition on August 15, 2022. The closing settlement was $158.0 million in cash, which includes a $17.0 million deposit paid at signing in June 2022. The closing cash settlement is net of preliminary and customary purchase price adjustments and remains subject to final post-closing settlement between NOG and the seller. Additional information regarding this previously announced acquisition can be found in NOG’s prior press release announcing the transaction, available here.

ABOUT NOG

NOG is a company with a primary strategy of investing in non-operated minority working and mineral interests in oil & gas properties, with a core area of focus in the premier basins within the United States. More information about NOG can be found at www.NorthernOil.com.


© Business Wire 2022
All news about NORTHERN OIL AND GAS, INC.
10/04Northern Oil & Gas to Benefit From Acquisition of 'Highly Coveted Assets' in Delaware B..
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Analyst Recommendations on NORTHERN OIL AND GAS, INC.
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Financials (USD)
Sales 2022 1 702 M - -
Net income 2022 367 M - -
Net Debt 2022 1 203 M - -
P/E ratio 2022 7,46x
Yield 2022 2,47%
Capitalization 2 466 M 2 466 M -
EV / Sales 2022 2,16x
EV / Sales 2023 1,39x
Nbr of Employees 25
Free-Float 84,8%
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Technical analysis trends NORTHERN OIL AND GAS, INC.
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 11
Last Close Price 31,35 $
Average target price 46,82 $
Spread / Average Target 49,3%
EPS Revisions
Managers and Directors
Nicholas O'Grady Chief Executive Officer
Adam Dirlam President
Chad Allen Chief Financial & Accounting Officer
Bahram Akradi Non-Executive Chairman
James Evans Executive Vice President & Chief Engineer
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