Northern Oil and Gas, Inc. (NYSE:NOG) Plans $0.45 Quarterly Dividend

Northern Oil and Gas, Inc. (NYSE:NOG) announced a quarterly dividend on Wednesday, November 5th. Stockholders of record on Tuesday, December 30th will be given a dividend of 0.45 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date of this dividend is Tuesday, December 30th.

Northern Oil and Gas has a payout ratio of 48.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Northern Oil and Gas to earn $5.53 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 32.5%.

Northern Oil and Gas Price Performance

Shares of NYSE NOG opened at $20.45 on Thursday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.98. The firm has a market cap of $2.00 billion, a PE ratio of 3.37 and a beta of 1.61. Northern Oil and Gas has a 1-year low of $19.88 and a 1-year high of $44.31. The company has a fifty day moving average price of $24.11 and a 200 day moving average price of $26.23.

Northern Oil and Gas (NYSE:NOG) last issued its quarterly earnings results on Monday, March 6th. The company reported $1.06 EPS for the quarter. The firm had revenue of $319.19 million for the quarter. Northern Oil and Gas had a net margin of 23.62% and a return on equity of 22.12%. Research analysts predict that Northern Oil and Gas will post 5.18 earnings per share for the current fiscal year.

Northern Oil and Gas Company Profile

Northern Oil and Gas, Inc, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. It primarily holds interests in the Williston Basin, the Appalachian Basin, and the Permian Basin in the United States.