The price-to-earnings ratio for Northern Oil and Gas Inc. (NYSE: NOG) is above average at 3.98x, Company’s 36-month beta value is 1.88.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 5 as “hold,” and 1 as “sell.”
The public float for NOG is 93.52M, and currently, short sellers hold a 9.28% ratio of that floaft. The average trading volume of NOG on April 03, 2024 was 1.23M shares.
NOG) stock’s latest price update
Northern Oil and Gas Inc. (NYSE: NOG)’s stock price has increased by 0.86 compared to its previous closing price of 39.65. However, the company has seen a 1.21% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-02-28 that Northern (NOG) expects production in the 115,000-120,000 boe/d range for full-year 2024.
NOG’s Market Performance
Northern Oil and Gas Inc. (NOG) has experienced a 1.21% rise in stock performance for the past week, with a 9.71% rise in the past month, and a 7.88% rise in the past quarter. The volatility ratio for the week is 1.65%, and the volatility levels for the past 30 days are at 1.97% for NOG. The simple moving average for the last 20 days is 5.60% for NOG stock, with a simple moving average of 7.11% for the last 200 days.
Analysts’ Opinion of NOG
Many brokerage firms have already submitted their reports for NOG stocks, with Morgan Stanley repeating the rating for NOG by listing it as a “Equal-Weight.” The predicted price for NOG in the upcoming period, according to Morgan Stanley is $40 based on the research report published on January 05, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see NOG reach a price target of $39. The rating they have provided for NOG stocks is “Underperform” according to the report published on January 05th, 2024.
NOG Trading at 12.75% 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 -8.36% of loss for the given period.
Volatility was left at 1.97%, however, over the last 30 days, the volatility rate increased by 1.65%, as shares surge +12.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.81% upper at present.
During the last 5 trading sessions, NOG rose by +1.21%, which changed the moving average for the period of 200-days by +22.18% in comparison to the 20-day moving average, which settled at $38.10. In addition, Northern Oil and Gas Inc. saw 7.88% 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 Dirlam Adam A., who sale 2,088 shares at the price of $38.00 back on Mar 15 ’24. After this action, Dirlam Adam A. now owns 122,359 shares of Northern Oil and Gas Inc., valued at $79,344 using the latest closing price.
Evans James B., the Chief Technical Officer of Northern Oil and Gas Inc., sale 945 shares at $38.00 during a trade that took place back on Mar 15 ’24, which means that Evans James B. is holding 83,872 shares at $35,910 based on the most recent closing price.
Stock Fundamentals for NOG
Current profitability levels for the company are sitting at:
- 0.27 for the present operating margin
- 0.33 for the gross margin
The net margin for Northern Oil and Gas Inc. stands at 0.63. The total capital return value is set at 0.1. Equity return is now at value 66.09, with 25.08 for asset returns.
Based on Northern Oil and Gas Inc. (NOG), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.64. The debt to equity ratio resting at 0.9. The interest coverage ratio of the stock is 6.42.
Currently, EBITDA for the company is 1.36 billion with net debt to EBITDA at 2.84. When we switch over and look at the enterprise to sales, we see a ratio of 3.98. The receivables turnover for the company is 3.94for trailing twelve months and the total asset turnover is 0.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.32.
Conclusion
In a nutshell, Northern Oil and Gas Inc. (NOG) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
