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home / news releases / NOG - Northern Oil and Gas Now Appears To Be Near Fair Valuation (Rating Downgrade)

NOG - Northern Oil and Gas Now Appears To Be Near Fair Valuation (Rating Downgrade)

Northern Oil and Gas Inc.

2024-05-22 12:01:11 ET

Summary

  • Northern Oil and Gas, Inc. is now projected to generate $537 million in 2024 free cash flow at current strip.
  • This is close to $50 million more than when I looked at it in February.
  • Northern's 2024 guidance remained unchanged except for a couple of minor positive tweaks.
  • Most of the improved free cash flow projection comes from oil and gas prices increasing modestly since February.

Northern Oil and Gas, Inc. ( NOG ) saw its stock decline by 6% when it reported Q1 2024 earnings . The company's revenues fell short of expectations , although that appears to have been due to negative changes in the value of its derivatives, with oil strip prices improving during the quarter....

For further details see:

Northern Oil and Gas Now Appears To Be Near Fair Valuation (Rating Downgrade)
Stock Information
Company Name: Northern Oil and Gas Inc.
Stock Symbol: NOG
Market: NYSE
Website: northernoil.com
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