NOG stock dividend – Northern Oil & Gas Analyzes Dividend Figures to Maximize Profitability
January 2, 2024
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Northern Oil & Gas ($NYSE:NOG) Inc. is one of the leading oil and gas production companies in the United States. It produces and supplies a variety of petroleum-based products to customers all around the world. The dividend analysis focused on comparing dividends paid in the past, analyzing current dividend trends, and determining potential future dividend payments. By studying dividend history, Northern Oil & Gas Inc. was able to identify areas where improvements can be made and determine the most profitable investments for future dividends. The analysis also looked at the effects of taxation on dividends since this could have an impact on the company’s future financial performance.
This included exploring new sources of income such as stock repurchases, special dividends, and other forms of capital return. By carefully evaluating the different options available, the company was able to determine the best way forward for maximizing profitability. Overall, Northern Oil & Gas Inc.’s analysis of dividend figures was extremely beneficial in helping the company identify areas for improvement and identify potential opportunities for maximizing profits. With these insights, Northern Oil & Gas Inc. can continue to be one of the top oil and gas producers in the US and remain a leader in the industry.
Dividends – NOG stock dividend
For the last three years, the company has issued an annual dividend of 1.39, 0.88 and 0.16 USD per share respectively. Looking ahead, Northern Oil & Gas Inc.’s dividend yields for 2021 to 2023 are projected to be 4.04%, 3.18% and 0.82% respectively, giving an average dividend yield of 2.68%.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NOG. More…
| Total Revenues | Net Income | Net Margin |
| 1.81k | 667.41 | 40.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NOG. More…
| Operations | Investing | Financing |
| 1.13k | -2.03k | 903.92 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NOG. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.3k | 2.9k | 14.01 |
Key Ratios Snapshot
Some of the financial key ratios for NOG are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 67.4% | 346.8% | 45.5% |
| FCF Margin | ROE | ROA |
| -49.0% | 36.4% | 11.9% |
Market Price
On Wednesday, Northern Oil & Gas stock opened at $38.6 and closed at $38.5, a decrease of 0.8% from the previous closing price of $38.8. This slight dip in the stock price indicates that investors are cautiously monitoring the company’s dividend history. The company is likely keeping an eye on dividend figures to ensure that any payments made are doing the most to maximize their profitability.
By analyzing dividend figures and accounting for the associated costs and risks, Northern Oil & Gas can make sure that their dividend payments are sustainable and beneficial for the company. Through this analysis, the company can make informed decisions about how to maximize their returns and contribute to their long-term success. Live Quote…
Analysis
GoodWhale conducted an analysis of NORTHERN OIL & GAS’s wellbeing, and we’ve identified that the company has an intermediate health score of 5/10 with regard to its cashflows and debt. We believe that NORTHERN OIL & GAS might be able to pay off debt and fund future operations. After further investigation, we classified NORTHERN OIL & GAS as a ‘rhino’, which is a type of company that has achieved moderate revenue or earnings growth. Investors who are looking for moderate growth and the potential for steady dividends might be interested in NORTHERN OIL & GAS, as it is strong in growth, profitability, and medium in asset and dividend. Additionally, while the company does have some debt, its cash flows are promising, so investors with an appetite for risk may find NORTHERN OIL & GAS an attractive option. More…
Peers
The company competes with Carbon Energy Corp, Earthstone Energy Inc, and Battalion Oil Corp in the highly competitive oil and gas industry.
– Carbon Energy Corp ($OTCPK:CRBO)
Carbon Energy Corp is a publicly-traded, integrated oil and gas exploration and production company headquartered in Denver, Colorado. They are focused on developing cleaner energy solutions from oil and gas resources located in the United States, Canada, and Argentina. The company has a market capitalization of 20.76k as of 2023, which represents a decrease from the previous year. Its Return on Equity (ROE) is also negative, coming in at -36.04%. This suggests that the company is not generating enough revenues to cover its costs and expenses. The company is working to improve its ROE performance by investing in more efficient and sustainable technologies and operations.
– Earthstone Energy Inc ($NYSE:ESTE)
Earthstone Energy Inc is an exploration and production company based in Texas that focuses on the development and exploitation of oil and natural gas reserves. With a market capitalisation of 1.24 billion USD as of 2023, the company has proven its resilience despite of the turbulence in the energy sector. The company has also achieved a very impressive Return on Equity of 33.04%, which is significantly higher than the industry average of 8.88%. This is a testament to the sound management employed by Earthstone Energy Inc, which has enabled it to outperform its competitors in terms of profitability.
– Battalion Oil Corp ($NYSEAM:BATL)
Battalion Oil Corp is an independent oil and natural gas company headquartered in Houston, Texas. It mainly focuses on developing and exploiting oil and natural gas properties in the Permian Basin, Mid-Continent, and Appalachian regions. Battalion Oil Corp has a market cap of 101.34M as of 2023, indicating that it is a highly valued company in the sector. Its Return on Equity (ROE) of 112.49% demonstrates that the firm is efficiently using its resources to generate profits and improve shareholder value, making it an attractive investment opportunity for investors seeking to capitalize on the favorable energy market conditions.
Summary
Northern Oil & Gas Inc. is a publicly traded exploration and production company with a focus on the Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana. Northern’s dividend analysis includes an evaluation of the company’s financials, operations, and growth prospects to gauge the potential for future dividend payments. The analysis focuses on factors such as cash flow, debt levels, and balance sheet strength to determine the sustainability of the dividend. As a result, investors can expect Northern Oil & Gas to pay reliable dividend income while also allowing for long-term growth potential through its investment in new exploration and production opportunities.
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