Northern Oil and Gas Inc. (NYSE: NOG) has seen a decline in its stock price by -3.00 in relation to its previous close of 31.98. However, the company has experienced a 0.19% gain in its stock price over the last five trading sessions.
Is It Worth Investing in Northern Oil and Gas Inc. (NYSE: NOG) Right Now?
The price-to-earnings ratio for Northern Oil and Gas Inc. (NYSE: NOG) is above average at 2.06x, while the 36-month beta value is 1.99.Analysts have differing opinions on the stock, with 10 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The average price point forecasted by analysts for Northern Oil and Gas Inc. (NOG) is $46.67, which is $15.56 above the current market price. The public float for NOG is 59.80M, and currently, short sellers hold a 19.00% ratio of that floaft. The average trading volume of NOG on May 26, 2023 was 1.55M shares.
NOG’s Market Performance
The stock of Northern Oil and Gas Inc. (NOG) has seen a 0.19% increase in the past week, with a -2.58% drop in the past month, and a -3.42% fall in the past quarter. The volatility ratio for the week is 3.65%, and the volatility levels for the past 30 days are at 3.72% for NOG. The simple moving average for the past 20 days is -1.85% for NOG’s stock, with a -2.92% simple moving average for the past 200 days.
NOG Trading at -1.04% 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 -20.66% of loss for the given period.
Volatility was left at 3.72%, however, over the last 30 days, the volatility rate increased by 3.65%, as shares sank -3.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.27% upper at present.
During the last 5 trading sessions, NOG rose by +0.19%, which changed the moving average for the period of 200-days by +13.79% in comparison to the 20-day moving average, which settled at $31.54. In addition, Northern Oil and Gas Inc. saw 0.65% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NOG starting from Rowling Robert B., who sale 196,830 shares at the price of $38.18 back on Nov 15. After this action, Rowling Robert B. now owns 7,796,757 shares of Northern Oil and Gas Inc., valued at $7,514,969 using the latest closing price.
Akradi Bahram, the Director of Northern Oil and Gas Inc., sale 55,000 shares at $38.31 during a trade that took place back on Nov 14, which means that Akradi Bahram is holding 1,696,353 shares at $2,106,819 based on the most recent closing price.
Stock Fundamentals for NOG
Current profitability levels for the company are sitting at:
- +64.47 for the present operating margin
- +66.25 for the gross margin
The net margin for Northern Oil and Gas Inc. stands at +38.94. The total capital return value is set at 77.84, while invested capital returns managed to touch 47.02. Equity return is now at value 194.70, with 47.50 for asset returns.
Based on Northern Oil and Gas Inc. (NOG), the company’s capital structure generated 204.68 points at debt to equity in total, while total debt to capital is 67.18. Total debt to assets is 53.05, with long-term debt to equity ratio resting at 204.68. Finally, the long-term debt to capital ratio is 67.18.
When we switch over and look at the enterprise to sales, we see a ratio of 2.16, with the company’s debt to enterprise value settled at 0.36. The receivables turnover for the company is 8.54 and the total asset turnover is 0.90. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.93.
Conclusion
In a nutshell, Northern Oil and Gas Inc. (NOG) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
