The stock of Northern Oil and Gas Inc. (NOG) has gone down by -0.19% for the week, with a 10.49% rise in the past month and a 24.60% rise in the past quarter. The volatility ratio for the week is 2.30%, and the volatility levels for the past 30 days are 1.98% for NOG. The simple moving average for the last 20 days is 4.40% for NOG stock, with a simple moving average of 12.25% for the last 200 days.
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 4.23x. The 36-month beta value for NOG is also noteworthy at 1.84. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 5 rating it as “hold,” and 1 rating it as “sell.”
The public float for NOG is 93.51M, and at present, short sellers hold a 10.22% of that float. The average trading volume of NOG on April 18, 2024 was 1.28M shares.
NOG) stock’s latest price update
The stock of Northern Oil and Gas Inc. (NYSE: NOG) has decreased by -0.72 when compared to last closing price of 42.76. Despite this, the company has experienced a -0.19% fall 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.
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 14.11% 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 -2.72% of loss for the given period.
Volatility was left at 1.98%, however, over the last 30 days, the volatility rate increased by 2.30%, as shares surge +8.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +33.79% upper at present.
During the last 5 trading sessions, NOG fell by -0.19%, which changed the moving average for the period of 200-days by +23.69% in comparison to the 20-day moving average, which settled at $40.83. In addition, Northern Oil and Gas Inc. saw 14.51% 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 Evans James B., who sale 3,150 shares at the price of $42.00 back on Apr 09 ’24. After this action, Evans James B. now owns 73,753 shares of Northern Oil and Gas Inc., valued at $132,300 using the latest closing price.
O’GRADY NICHOLAS L., the CEO of Northern Oil and Gas Inc., sale 3,750 shares at $40.98 during a trade that took place back on Apr 04 ’24, which means that O’GRADY NICHOLAS L. is holding 228,082 shares at $153,656 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 4.15. 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 summary, Northern Oil and Gas Inc. (NOG) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
