Loading...
Docoh

Northern Oil and Gas (NOG)

Northern Oil and Gas, Inc. is a company with a primary strategy of investing in non-operated minority working and mineral interests in oil & gas properties, with a core area of focus in the Williston Basin Bakken and Three Forks play in North Dakota and Montana.

NOG stock data

Calendar

4 Aug 22
28 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.47M 1.47M 1.47M 1.47M 1.47M 1.47M
Cash burn (monthly) 621.33K 281K (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 1.84M 831.08K n/a n/a n/a n/a
Cash remaining -366.64K 639.92K n/a n/a n/a n/a
Runway (months of cash) -0.6 2.3 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
30 Jun 22 King Jack E Common Stock Grant Acquire A No No 0 1,336 0 54,027
30 Jun 22 Akradi Bahram Common Stock Grant Acquire A No No 0 6,779 0 1,745,105
30 Jun 22 Easley Roy Ernest Common Stock Grant Acquire A No No 0 1,336 0 42,086
30 Jun 22 Meier Lisa Common Stock Grant Acquire A No No 0 1,336 0 39,850
13F holders Current Prev Q Change
Total holders 228 223 +2.2%
Opened positions 48 63 -23.8%
Closed positions 43 27 +59.3%
Increased positions 96 82 +17.1%
Reduced positions 59 55 +7.3%
13F shares Current Prev Q Change
Total value 2.59B 2.73B -5.0%
Total shares 93.64M 92.21M +1.6%
Total puts 597K 404.2K +47.7%
Total calls 2.04M 3.4M -40.0%
Total put/call ratio 0.3 0.1 +146.3%
Largest owners Shares Value Change
Pivotal Williston Basin 25.75M $885.92M 0.0%
TRT 6.88M $164.7M 0.0%
Capital World Investors 6.05M $152.92M 0.0%
FMR 5.81M $146.76M +28.3%
BLK Blackrock 4.5M $113.69M +1.4%
Vanguard 3.72M $94.05M -4.6%
STT State Street 3.42M $87.14M +3.7%
IVZ Invesco 2.67M $67.38M +11.0%
Copeland Capital Management 2.47M $62.34M -5.4%
WHG Westwood 2.05M $51.77M +14.2%
Largest transactions Shares Bought/sold Change
FMR 5.81M +1.28M +28.3%
Encompass Capital Advisors 0 -1.25M EXIT
Hood River Capital Management 747.99K +747.99K NEW
Westfield Capital Management 741.82K +741.82K NEW
SAMG Silvercrest Asset Management 649.13K +649.13K NEW
MCQEF Macquarie 742.36K +554.95K +296.1%
Angelo Gordon & Co. 1.25M -525K -29.6%
Requisite Capital Management 632.82K +461.72K +269.9%
Two Sigma Investments 0 -440.38K EXIT
First Trust Advisors 427.2K +427.2K NEW

Financial report summary

?
Management Discussion
  • Our revenues vary from year to year primarily as a result of changes in realized commodity prices and production volumes.  In 2021, our oil, natural gas and NGL sales, excluding the effect of settled commodity derivatives, increased 201%
  • from 2020, driven by a 62% increase in production volumes and an 86% increase in realized prices, excluding the effect of settled commodity derivatives. The higher average realized price in 2021 as compared to 2020 was driven by higher average NYMEX oil and natural gas prices, a lower average oil price differential, and higher average gas realizations in 2021 as compared to 2020.  Oil price differential during 2021 averaged $5.15 per barrel, as compared to $6.63 per barrel in 2020.
  • We add production through drilling success as we place new wells into production and through additions from acquisitions, which is offset by the natural decline of our oil and natural gas production from existing wells. Our acquisition program is a significant driver of our net well additions in certain years. In 2021, our substantial acquisition activities (see Note 3 to our financial statements) combined with increased development activity helped drive an increase in production levels as compared to 2020. In 2021, the number of net wells we added to production (excluding acquisitions) increased by 101% as compared to 2020. The 2021 Acquisitions and increased new well additions drove the 62% increase in production in 2021 as compared to 2020.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: aforementioned, billion, cancellation, conform, earn, earned, essentially, firm, flat, free, gave, inflationary, key, labor, lesser, mix, oilfield, peer, persist, promptly, reclassified, sequential, shareholder, simulation, SOFR, stemming, TSR
Removed: abandoned, applied, ASU, burden, clarifying, created, curtailing, decreasing, depressed, disease, drastic, drove, ease, evaluate, evolving, Facilitation, guidance, historic, prospectively, rapidly, recognizing, reform, responded, satisfaction, scope, shutting, termination, unforeseen, unprecedented, withholding