Northern Oil and Gas (NOG) 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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NOG:
- Northern Oil and Gas price target lowered to $45 from $55 at Citi
- Northern Oil and Gas downgraded to Equalweight from Overweight at Capital One
- Northern Oil and Gas Reports Strong 2024 Performance
- Northern Oil & Gas Navigates Growth Amid Challenges
- Northern Oil and Gas sees FY25 annual production 130,000-$135,000 boe/day
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue