The Northern Oil and Gas Inc. (NYSE:NOG) is going up by 0.55% in today’s trading session, a rise equivalent to 0.01% of the stock’s price from yesterday’s market close. A news came out on 11/20/19 stating that Northern Oil and Gas, Inc. Announces Success of Consent Solicitation and Closing Schedule for New Credit Facility by WSJ. The lowest point that the shares touched during the trading session was $1.77, while the peak of the day was recorded at a share price of $1.85. NOG finished the previous session at $1.82 according to the data provided by Barchart, while the trading volume was observed to be $1414480.
In the 100 days of trading, NOG managed to top a 1.87% Moving average. Additionally, Northern Oil and Gas Inc. shares have achieved a 52-week range between 1.40 and 2.94 alongside 100 days raw stochastic set at 45.60%.
The number of shares outstanding, according to the fundamentals of the company, is set at 419.44M, equal to the value of $763.38M in market capitalization. In the last 30 days, Northern Oil and Gas Inc. shares went down by -18.39%, adding 2.23 to growth in value, on top of a +2.82% boost since 11/01/19.
Northern Oil and Gas Inc. (NYSE:NOG) Analyst’s Estimates
Northern Oil and Gas Inc. (NOG) could record at least $0.10 per share in quarterly earnings in the upcoming report on 02/27/2020, a number that would actually represent an increase of 0.46 YOY.
According to the average analyst rating, Northern Oil and Gas Inc. would be rated as Buy. Out of 7 different analysts monitoring NOG stock, 5 analysts rate the stock as a BUY, 1 suggest to give the rating of HOLD, 1 indicate that NOG is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On January 23, 2019, the stock earned a Reiterated rating due to a new analyst call from Imperial Capital, while analysts from CapitalOne believe that the stock is set at Overweight from Equal Weight, as concluded on July 31, 2018. Northland Capital, is still rather wary about the stock, deciding to keep the rating at Outperform as confirmed through a call on May 30, 2018.
CapitalOne, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on April 10, 2018, giving the stock a Equal Weight from the Underweight rating.
NOG Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +53.08% has been attained, while the operating margin has been recorded at +50.13%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 13.45%. Beta value of the stock is recorded at 1.83. Additionally, Northern Oil and Gas Inc. is recording price volatility of 4.58% for the period of the last seven days and 5.42% in the last 30 days.
Northern Oil and Gas Inc. (NYSE:NOG) Technical Outlook
For the period of the last 50 days, Northern Oil and Gas Inc. had its Raw Stochastic average set at 10.87% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 10.87%. Stochastic %K for Northern Oil and Gas Inc., with the last 20 days included, was set at 7.97%, having Stochastic %D topping 9.42%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Northern Oil and Gas Inc. stocks with recording -19.47% in metrics.
Northern Oil and Gas Inc. Insider Watch:
Similarly, 82.89% of the company’s float is held by institutions – and there are 184 institutions in total holding shares of this company. The top three institutional holders of NOG stocks are: Angelo, Gordon & Company, L.P. with ownership of $62.34 million, which is approximately 31804525 of the company’s shares; Blackrock Inc., holding 20611183 shares of the stock with an approximate value of $40.4 million; and FMR, LLC, currently with more than 18653682 shares of the company valued at $36.56 million. Positions in Northern Oil and Gas Inc. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 12 insider purchases amounting to 5120078 shares. Similarly, there were 1 sale transactions amounting to 100000 shares, with the net shares purchased during the last six months reaching 5,020,078.