Northern Oil and Gas Inc. (AMEX:NOG) went up by 9.04% from its latest closing price compared to the recent 1-year high of $16.74. The company’s stock price has collected 4.59% of gains in the last five trading sessions. Barron’s reported on 02/19/21 that Texas Looks to Rebuild. Here Are 6 Stocks That Could Benefit.
Is It Worth Investing in Northern Oil and Gas Inc. (AMEX :NOG) Right Now?
Plus, the 36-month beta value for NOG is at 2.71. Opinions of the stock are interesting as 8 analysts out of 9 who provided ratings for Northern Oil and Gas Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
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The average price from analysts is $16.67, which is $3.8 above the current price. NOG currently public float of 43.46M and currently shorts hold a 8.79% ratio of that float. Today, the average trading volume of NOG was 1.40M shares.
NOG’s Market Performance
NOG stocks went up by 4.59% for the week, with a monthly jump of 13.36% and a quarterly performance of 131.64%, while its annual performance rate touched -21.66%. The volatility ratio for the week stands at 7.31% while the volatility levels for the past 30 days are set at 7.72% for Northern Oil and Gas Inc.. The simple moving average for the period of the last 20 days is 10.93% for NOG stocks with a simple moving average of 56.84% for the last 200 days.
Analysts’ Opinion of NOG
Many brokerage firms have already submitted their reports for NOG stocks, with RBC Capital Mkts repeating the rating for NOG by listing it as a “Outperform.” The predicted price for NOG in the upcoming period, according to RBC Capital Mkts is $14 based on the research report published on January 26th of the current year 2021.
Raymond James, on the other hand, stated in their research note that they expect to see NOG reach a price target of $14. The rating they have provided for NOG stocks is “Strong Buy” according to the report published on January 07th, 2021.
Wells Fargo gave a rating of “Overweight” to NOG, setting the target price at $10 in the report published on September 25th of the previous year.
NOG Trading at 19.93% from the 50-Day Moving Average
After a stumble in the market that brought NOG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.51% of loss for the given period.
Volatility was left at 7.72%, however, over the last 30 days, the volatility rate increased by 7.31%, as shares surge +18.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +42.36% upper at present.
During the last 5 trading sessions, NOG rose by +4.59%, which changed the moving average for the period of 200-days by +73.66% in comparison to the 20-day moving average, which settled at $11.19. In addition, Northern Oil and Gas Inc. saw 40.41% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at NOG starting from Rowling Robert B., who purchase 512,821 shares at the price of $9.75 back on Feb 05. After this action, Rowling Robert B. now owns 9,805,919 shares of Northern Oil and Gas Inc., valued at $5,000,005 using the latest closing price.
Lasher Stuart G., the Director of Northern Oil and Gas Inc., purchase 25,000 shares at $9.75 during a trade that took place back on Feb 05, which means that Lasher Stuart G. is holding 258,333 shares at $243,750 based on the most recent closing price.
Stock Fundamentals for NOG
Current profitability levels for the company are sitting at:
- +30.96 for the present operating margin
- +35.65 for the gross margin
The net margin for Northern Oil and Gas Inc. stands at -12.69. The total capital return value is set at 12.68, while invested capital returns managed to touch -5.20. Equity return is now at value -101.00, with -25.50 for asset returns.
Based on Northern Oil and Gas Inc. (NOG), the company’s capital structure generated 200.16 points at debt to equity in total, while total debt to capital is 66.68. Total debt to assets is 58.68, with long-term debt to equity ratio resting at 200.16. Finally, the long-term debt to capital ratio is 66.68.
When we switch over and look at the enterprise to sales, we see a ratio of 3.34, with the company’s debt to enterprise value settled at 0.56. The receivables turnover for the company is 5.84 and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.65.