Northern Oil and Gas Future Growth

Future criteria checks 1/6

Northern Oil and Gas's earnings are forecast to decline at 0.6% per annum while its annual revenue is expected to grow at 5.8% per year. EPS is expected to grow by 0.3% per annum. Return on equity is forecast to be 21.4% in 3 years.

Key information

-0.6%

Earnings growth rate

0.3%

EPS growth rate

Oil and Gas earnings growth	2.8%
Revenue growth rate	5.8%
Future return on equity	21.4%
Analyst coverage	Good
Last updated	01 May 2024

Recent future growth updates

Recent updates

Why Investors Shouldn't Be Surprised By Northern Oil and Gas, Inc.'s (NYSE:NOG) Low P/E

Mar 30

These 4 Measures Indicate That Northern Oil and Gas (NYSE:NOG) Is Using Debt Reasonably Well

Mar 11

Northern Oil And Gas: Expecting Close To $500 Million In 2024 Free Cash Flow

Feb 24

Northern Oil And Gas: Bigger Yield, EPS Growth In '24, Monitoring The Chart

Jan 19

Northern Oil and Gas (NYSE:NOG) Has Announced That It Will Be Increasing Its Dividend To $0.40

Dec 13

Northern Oil and Gas (NYSE:NOG) Is Increasing Its Dividend To $0.40

Nov 23

Northern Oil And Gas: Net Debt Should Be Reduced To $1.6 Billion By End Of 2023 (Rating Upgrade)

Nov 04

Northern Oil and Gas (NYSE:NOG) Will Pay A Larger Dividend Than Last Year At $0.40

Nov 03

Northern Oil and Gas, Inc. (NYSE:NOG) Shares Could Be 42% Below Their Intrinsic Value Estimate

Oct 03

Northern Oil and Gas (NYSE:NOG) Will Pay A Larger Dividend Than Last Year At $0.38

Sep 12

Northern Oil & Gas Non-GAAP EPS of $1.80 beats by $0.05, revenue of $791.64M beats by $374.37M

Nov 08

An Intrinsic Calculation For Northern Oil and Gas, Inc. (NYSE:NOG) Suggests It's 49% Undervalued

Oct 19

NOG prices upsized $435M private debt offering

Oct 12

Earnings and Revenue Growth Forecasts

NYSE:NOG - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	2,229	583	584	N/A	4
12/31/2025	2,284	612	592	N/A	7
12/31/2024	2,206	515	558	N/A	6
3/31/2024	1,837	594	N/A	N/A	N/A
12/31/2023	1,747	923	-662	1,183	N/A
9/30/2023	1,655	667	-886	1,128	N/A
6/30/2023	1,675	1,222	-524	1,141	N/A
3/31/2023	1,799	1,292	-360	1,044	N/A
12/31/2022	1,828	728	-431	928	N/A
9/30/2022	1,727	766	-285	774	N/A
6/30/2022	1,475	194	-327	592	N/A
3/31/2022	1,176	-139	-488	488	N/A
12/31/2021	898	-8	-197	396	N/A
9/30/2021	681	-326	-63	336	N/A
6/30/2021	508	-571	0	298	N/A
3/31/2021	320	-1,380	79	294	N/A
12/31/2020	294	-921	48	332	N/A
9/30/2020	349	-884	-71	329	N/A
6/30/2020	425	-553	-255	344	N/A
3/31/2020	542	394	-254	341	N/A
12/31/2019	543	-77	-229	340	N/A
9/30/2019	537	250	-215	387	N/A
6/30/2019	527	175	-96	379	N/A
3/31/2019	490	34	-197	298	N/A
12/31/2018	449	144	-230	244	N/A
9/30/2018	376	-98	-200	134	N/A
6/30/2018	293	-134	-130	107	N/A
3/31/2018	238	-23	-68	89	N/A
12/31/2017	203	-9	N/A	73	N/A
9/30/2017	180	2	N/A	70	N/A
6/30/2017	169	-27	N/A	73	N/A
3/31/2017	163	-150	N/A	76	N/A
12/31/2016	144	-293	N/A	102	N/A
9/30/2016	137	-453	N/A	170	N/A
6/30/2016	144	-731	N/A	194	N/A
3/31/2016	162	-872	N/A	235	N/A
12/31/2015	181	-975	N/A	247	N/A
9/30/2015	231	-699	N/A	240	N/A
6/30/2015	293	-318	N/A	257	N/A
3/31/2015	346	-73	N/A	268	N/A
12/31/2014	388	164	N/A	274	N/A
9/30/2014	393	78	N/A	263	N/A
6/30/2014	383	21	N/A	241	N/A
3/31/2014	346	51	N/A	239	N/A
12/31/2013	334	53	N/A	223	N/A
9/30/2013	317	55	N/A	231	N/A
6/30/2013	293	54	N/A	223	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NOG's earnings are forecast to decline over the next 3 years (-0.6% per year).

Earnings vs Market: NOG's earnings are forecast to decline over the next 3 years (-0.6% per year).

High Growth Earnings: NOG's earnings are forecast to decline over the next 3 years.

Revenue vs Market: NOG's revenue (5.8% per year) is forecast to grow slower than the US market (8.2% per year).

High Growth Revenue: NOG's revenue (5.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: NOG's Return on Equity is forecast to be high in 3 years time (21.4%)

Northern Oil and Gas Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Northern Oil and Gas, Inc. Reiterates Production Guidance for the Full Year of 2024

Consensus EPS estimates fall by 12%

Northern Oil and Gas, Inc. Provides Production Guidance for the Fourth Quarter of 2023 and Full Year of 2024

Consensus EPS estimates fall by 15%

Northern Oil and Gas, Inc. Revises Production Guidance for the Year 2023

Consensus EPS estimates fall by 12%, revenue upgraded

Recent updates

Northern Oil and Gas, Inc. Reiterates Production Guidance for the Full Year of 2024

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Northern Oil and Gas, Inc., Annual General Meeting, May 23, 2024

Northern Oil and Gas, Inc. to Report Q1, 2024 Results on Apr 30, 2024

Why Investors Shouldn't Be Surprised By Northern Oil and Gas, Inc.'s (NYSE:NOG) Low P/E

Upcoming dividend of US$0.40 per share

These 4 Measures Indicate That Northern Oil and Gas (NYSE:NOG) Is Using Debt Reasonably Well

Consensus EPS estimates fall by 12%

Northern Oil And Gas: Expecting Close To $500 Million In 2024 Free Cash Flow

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Northern Oil and Gas, Inc. Provides Production Guidance for the Fourth Quarter of 2023 and Full Year of 2024

New major risk - Revenue and earnings growth

Third quarter dividend of US$0.40 announced

Northern Oil and Gas, Inc. (NYSE:NOG) completed the acquisition of Non-Operated Interests in Jefferson, Harrison, Belmont, and Monroe Counties, Ohio.

Northern Oil and Gas, Inc. (NYSE:NOG) completed the acquisition of Non-Operated Interests in Jefferson, Harrison, Belmont, and Monroe Counties, Ohio.

President notifies of intention to sell stock

Northern Oil and Gas, Inc. to Report Q4, 2023 Results on Feb 22, 2024

Northern Oil And Gas: Bigger Yield, EPS Growth In '24, Monitoring The Chart

Upcoming dividend of US$0.40 per share at 4.2% yield

Northern Oil and Gas (NYSE:NOG) Has Announced That It Will Be Increasing Its Dividend To $0.40

Key Executive notifies of intention to sell stock

Key Executive recently sold US$454k worth of stock

Consensus EPS estimates fall by 15%

Northern Oil and Gas (NYSE:NOG) Is Increasing Its Dividend To $0.40

Northern Oil and Gas, Inc. (NYSE:NOG) entered into an agreement to acquire Non-Operated Interests in Jefferson, Harrison, Belmont, and Monroe Counties, Ohio

Northern Oil And Gas: Net Debt Should Be Reduced To $1.6 Billion By End Of 2023 (Rating Upgrade)

Northern Oil and Gas (NYSE:NOG) Will Pay A Larger Dividend Than Last Year At $0.40

Third quarter 2023 earnings: EPS misses analyst expectations

Northern Oil and Gas, Inc. Revises Production Guidance for the Year 2023

Northern Oil and Gas, Inc. Declares Quarterly Cash Dividend, Payable on January 31, 2024

Chief Financial Officer recently sold US$306k worth of stock

Northern Oil and Gas, Inc. to Report Q3, 2023 Results on Nov 01, 2023

Chief Executive Officer notifies of intention to sell stock

Northern Oil and Gas, Inc. has completed a Follow-on Equity Offering in the amount of $252.7 million.

Northern Oil and Gas, Inc. (NYSE:NOG) Shares Could Be 42% Below Their Intrinsic Value Estimate

President notifies of intention to sell stock

Upcoming dividend of US$0.38 per share at 3.8% yield

Northern Oil and Gas (NYSE:NOG) Will Pay A Larger Dividend Than Last Year At $0.38

Northern Oil and Gas: Production May Exceed 110,000 BOEPD In Q4 2023

Chief Legal Officer & Secretary recently sold US$305k worth of stock

Northern Oil and Gas (NYSE:NOG) Is Increasing Its Dividend To $0.38

Chief Legal Officer & Secretary notifies of intention to sell stock

Northern Oil and Gas: A Buy Until The Music Stops, Again

Key Executive recently sold US$4.6m worth of stock

Consensus EPS estimates fall by 12%, revenue upgraded

Key Executive notifies of intention to sell stock

New major risk - Earnings quality

Here's Why We Think Northern Oil and Gas (NYSE:NOG) Is Well Worth Watching

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Northern Oil and Gas, Inc. Declares Quarterly Cash Dividend, Payable on October 31, 2023

Chief Executive Officer recently sold US$879k worth of stock

Chief Executive Officer notifies of intention to sell stock

Northern Oil and Gas, Inc. Provides Production Guidance for the Third Quarter and Full Year 2023

Northern Oil and Gas, Inc. to Report Q2, 2023 Results on Aug 02, 2023

A Look At The Fair Value Of Northern Oil and Gas, Inc. (NYSE:NOG)

Upcoming dividend of US$0.37 per share at 4.5% yield

Northern Oil and Gas: Big Company Revenue, Small Company Flexibility

Northern Oil and Gas, Inc. has completed a Follow-on Equity Offering in the amount of $199.5 million.

Now 23% undervalued after recent price drop

Northern Oil and Gas, Inc. Reaffirms Production Guidance for Full Year 2023

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Now 20% undervalued

A Look At The Fair Value Of Northern Oil and Gas, Inc. (NYSE:NOG)

Upcoming dividend of US$0.34 per share at 4.8% yield

Investor sentiment deteriorates as stock falls 16%

Consensus EPS estimates fall by 14%

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Northern Oil &amp; Gas Q4 2022 Earnings Preview

Northern Oil and Gas, Inc. Provides Production Guidance for the Fourth Quarter and Full Year of Fiscal 2022

Northern Oil & Gas Q4 2022 Earnings Preview

Northern Oil & Gas Non-GAAP EPS of $1.80 beats by $0.05, revenue of $791.64M beats by $374.37M