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17.06.25 - 22:21
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NOG Closes Upsized Reopening of its 3.625% Convertible Unsecured Senior Notes Due 2029 (Business Wire)
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Company Raised over $200M in Gross Proceeds Including Initial Purchasers' Option to Purchase Additional Notes;
Company Simultaneously Executed $35 Million Share Repurchase and Entered into Capped Call Transactions;
Offering Provides Enhanced Liquidity and Debt Maturity ScheduleMINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE: NOG) (“NOG” or the “Company”) today announced that it closed the reopening of its 3.625% Convertible Unsecured Senior Notes due April 2029, enhancing the Company's liquidity and debt maturity schedule.
HIGHLIGHTS
Issued $200.0 million of its 3.625% Convertible Unsecured Senior Notes due April 2029, including the initial purchasers' option to purchase additional notes, at an issue price of 105.597%, raising gross proceeds of approximately $211.2 million
Entered into 'Capped Calls' increasing effective conversion price of the Convertible Notes to $50.8709 to mitigate potential dilution upon conversion into common stock
Executed $35 million accelerated share...
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13.06.25 - 04:48
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NOG Prices Upsized $175.0 Million Reopening of 3.625% Convertible Senior Notes Due 2029 (Business Wire)
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Reopening of existing 2029 convertible notes provides NOG with incremental strategic flexibility
A portion of the proceeds will be used to repurchase stock and purchase a hedge overlay intended to offset share dilution until the stock is above approximately $50.87
MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced the pricing of its offering of $175,000,000 aggregate principal amount of additional 3.625% convertible senior notes due 2029 (the “new notes”), at an issue price of 105.597% of the principal amount thereof, in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The offering size was increased from the previously announced offering size of $150,000,000 aggregate principal amount of new notes.
The new notes will be issued under the same indenture as the Company's $500.0 million aggregate principal amount of 3.625% convertible senio...
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12.06.25 - 22:06
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NOG Announces Proposed Reopening of 3.625% Convertible Senior Notes Due 2029 (Business Wire)
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Reopening of existing 2029 convertible notes provides NOG with incremental strategic flexibility
A portion of the proceeds will be used to repurchase stock and purchase a hedge overlay intended to offset share dilution until the stock is above $50.87
MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced its intention to offer, subject to market and other conditions, $150.0 million aggregate principal amount of additional 3.625% convertible senior notes due 2029 (the “new notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The new notes will be issued under the same indenture as the Company's $500.0 million aggregate principal amount of 3.625% convertible senior notes due 2029 (the “initial notes” and, together with the new notes, the “notes”) issued on October 14, 2022 and will form a part of the same series of notes as the ...
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26.05.25 - 10:16
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Northern Oil and Gas Aktie: Neues Kursziel - BofA bleibt bullish (Aktiencheck)
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Charlotte (www.aktiencheck.de) - Northern Oil and Gas-Aktienanalyse von BofA Securities:
Die Analysten von BofA Securities haben das Kursziel für die Aktie von Northern Oil and Gas Inc. (ISIN: US6655313079, WKN: A2QEP7, Ticker-Symbol: 4LT1, NYSE-Symbol: NOG) nach den Q1-Ergebnissen von 29 auf 33 USD angehoben und die Einstufung "buy" bestätigt. [mehr]...
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13.05.25 - 14:18
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Northern Oil and Gas Aktie: Unter Druck, aber kein Einzelfall (Aktiencheck)
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New York (www.aktiencheck.de) - Northern Oil and Gas-Aktienanalyse von Mizuho Securities USA:
Die Investmentbank Mizuho hat ihr Research im Anschluss an die Q1-Berichtssaison der Öl- und Gasbranche aktualisiert - mit drei Upgrades, einer Abstufung und einer strategischen Neuaufstellung ihrer "Top Picks". [mehr]...
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30.04.25 - 23:03
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NOG Expands Credit Facility (Business Wire)
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MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced the completion of its semi-annual borrowing base redetermination under its reserves-based revolving credit facility (the “Facility”). In connection with the redetermination, the elected commitment amount increased from $1.5 billion to $1.6 billion and the borrowing base remains unchanged at $1.8 billion. The Company's bank group now includes 20 banks with the addition of CIBC Capital Markets.
MANAGEMENT COMMENT
“We are pleased to announce a 7% increase to our revolving credit facility despite an increasingly challenging macro environment,” commented Chad Allen, NOG's Chief Financial Officer. “The increased commitment by our lenders demonstrates the financial strength of NOG's assets and risk management practices.” Mr. Allen continued, “We are also pleased to announce the expansion of our bank group to twenty and welcome CIBC Capital Markets to our growing team of financial...
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30.04.25 - 13:03
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NOG Declares $0.45 Quarterly Cash Dividend, 12.5% Increase Year-over-Year (Business Wire)
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MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE: NOG) (“NOG” or the “Company”) today announced that its Board of Directors has declared a cash dividend on the Company's common stock.
DIVIDEND DECLARATION
NOG's Board of Directors has declared a cash dividend in the amount of $0.45 per share, representing a 12.5% increase year-over-year and equal to the prior quarterly dividend. The dividend is payable on July 31, 2025, to stockholders of record as of the close of business on June 27, 2025.
ABOUT NOG
NOG is a real asset company with a primary strategy of acquiring and investing in non-operated minority working and mineral interests in the premier hydrocarbon producing basins within the contiguous United States. More information about NOG can be found at www.noginc.com.
Contacts
Evelyn Leon Infurna
Vice President of Investor Relations
952-476-9800
ir@northernoil.com...
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10.04.25 - 22:21
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NOG Schedules First Quarter 2025 Earnings Release and Conference Call (Business Wire)
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MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE: NOG) (“NOG” or the “Company”) announced today that it plans to issue its first quarter 2025 financial and operating results on Tuesday, April 29, 2025, after the market closes.
In connection with its earnings release, NOG will host a conference call and webcast to discuss its financial results at 8:00 a.m. Central Time on April 30, 2025.
Those wishing to listen to the conference call may do so via phone or the Company's webcast.
Conference Call and Webcast Details:
Date:
April 30, 2025
Time:
8:00 a.m. Central Time
Dial-In:
(800) 715-9871
International Dial-In:
(646) 307-1963
Conference ID:
4503139
Webcast:
First Quarter 2025 Earnings Confe...
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26.03.25 - 16:54
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Northern Oil and Gas Aktie: Stabil, aber wenig dynamisch (Aktiencheck)
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New York (www.aktiencheck.de) - Northern Oil and Gas-Aktienanalyse von Morgan Stanley:
1. Einschätzung der Aktie von Northern Oil and Gas Inc. (ISIN: US6655313079, WKN: A2QEP7, Ticker-Symbol: 4LT1, NYSE-Symbol: NOG)
- Kursziel von 43 auf 38 USD gesenkt - ein Rückgang von ca. 11,6%
- Rating bleibt "equal weight" - neutrale Einschätzung: kein klarer Kauf oder Verkauf
Begründung für die Anpassung des Kursziels: Modellaktualisierungen für Rohstoffreserven (Stand Jahresende), angepasste Rohstoffpreise (2025) sowie die Unternehmens-Guidance für GJ 2025. [mehr]...
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11.03.25 - 21:18
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NOG Board Approves Increase in Share Buyback Authorization; Adds $100 Million to Existing Program (Business Wire)
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MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE: NOG) (“NOG” or the “Company”) today announced that its Board of Directors has authorized an $100 million increase to the Company's previously announced July 2024 share repurchase program. Immediately prior to the increase, NOG had $100 million remaining on this share repurchase program. The increase replenishes NOG's share repurchase program at a time of increased volatility.
Quarter to date, the Company has repurchased approximately $10.0 million or 334,982 shares of its common stock at an average price of $29.86, inclusive of commissions.
The increased authorization reflects the Company's confidence in its strategy, business plan and prospects and underscores NOG's long-term commitment to returning capital to shareholders.
MANAGEMENT COMMENTS
“NOG remains steadfast in its commitment to unlocking value and strategically deploying capital to maximize shareholder returns,” stated Chad Allen, NOG's Chief Financial Officer. “A...
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