The stock of Northern Oil and Gas Inc. (NOG) has gone up by 5.94% for the week, with a -6.67% drop in the past month and a 0.62% rise in the past quarter. The volatility ratio for the week is 2.09%, and the volatility levels for the past 30 days are 2.79% for NOG. The simple moving average for the past 20 days is 4.40% for NOG’s stock, with a 6.16% simple moving average for the past 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 7.14x, which is above its average ratio. Moreover, the 36-month beta value for NOG is 1.83. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 5 as “hold,” and 1 as “sell.”
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The public float for NOG is 92.78M and currently, short sellers hold a 16.22% of that float. On August 30, 2024, NOG’s average trading volume was 1.44M shares.
NOG) stock’s latest price update
Northern Oil and Gas Inc. (NYSE: NOG) has seen a rise in its stock price by 1.38 in relation to its previous close of 39.76. However, the company has experienced a 5.94% gain in its stock price over the last five trading sessions. zacks.com reported 2024-08-29 that Northern Oil and Gas (NOG) reported earnings 30 days ago. What’s next for the stock?
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 3.44% 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 -7.97% of loss for the given period.
Volatility was left at 2.79%, however, over the last 30 days, the volatility rate increased by 2.09%, as shares sank -2.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.19% upper at present.
During the last 5 trading sessions, NOG rose by +5.94%, which changed the moving average for the period of 200-days by +10.92% in comparison to the 20-day moving average, which settled at $38.56. In addition, Northern Oil and Gas Inc. saw 8.74% 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 proposed sale 28,656 shares at the price of $40.00 back on Aug 29 ’24. After this action, Dirlam Adam A. now owns shares of Northern Oil and Gas Inc., valued at $1,146,240 using the latest closing price.
Romslo Erik J., the Chief Legal Officer & Sec. of Northern Oil and Gas Inc., sale 1,500 shares at $38.44 during a trade that took place back on Aug 23 ’24, which means that Romslo Erik J. is holding 107,213 shares at $57,659 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
- 0.3 for the gross margin
The net margin for Northern Oil and Gas Inc. stands at 0.33. The total capital return value is set at 0.11. Equity return is now at value 32.44, with 13.47 for asset returns.
Based on Northern Oil and Gas Inc. (NOG), the company’s capital structure generated 0.48 points at debt to capital in total, while cash flow to debt ratio is standing at 0.71. The debt to equity ratio resting at 0.91. The interest coverage ratio of the stock is -1539.9.
Currently, EBITDA for the company is 1.36 billion with net debt to EBITDA at 1.83. When we switch over and look at the enterprise to sales, we see a ratio of 3.43. The receivables turnover for the company is 4.76for trailing twelve months and the total asset turnover is 0.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.89.
Conclusion
To wrap up, the performance of Northern Oil and Gas Inc. (NOG) has been mixed in recent times. The stock has received a mixed of “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.
