In the past week, NOG stock has gone up by 3.69%, with a monthly decline of -5.58% and a quarterly plunge of -2.65%. The volatility ratio for the week is 2.62%, and the volatility levels for the last 30 days are 2.73% for Northern Oil and Gas Inc. The simple moving average for the last 20 days is 1.70% for NOG stock, with a simple moving average of -1.32% for the last 200 days.
Is It Worth Investing in Northern Oil and Gas Inc. (NYSE: NOG) Right Now?
Northern Oil and Gas Inc. (NYSE: NOG) has a higher price-to-earnings ratio of 6.62x compared to its average ratio, The 36-month beta value for NOG is at 1.82. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 5 as “hold,” and 1 as “sell.”
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The public float for NOG is 92.78M, and currently, shorts hold a 16.79% of that float. The average trading volume for NOG on September 25, 2024 was 1.50M shares.
NOG) stock’s latest price update
Northern Oil and Gas Inc. (NYSE: NOG)’s stock price has increased by 0.70 compared to its previous closing price of 37.14. However, the company has seen a 3.69% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-12 that Northern Oil and Gas, Inc. uses a unique, less risky business model by owning minority interests in wells, resulting in higher margins and higher cash flow than peers. The company’s stock price closely correlates with West Texas Intermediate crude oil prices, offering exposure to oil prices with less volatility. Despite macroeconomic concerns, Northern Oil and Gas’s diversified portfolio and high margins make it a compelling investment, especially with a 4.94% dividend yield.
Analysts’ Opinion of NOG
Many brokerage firms have already submitted their reports for NOG stocks, with Mizuho repeating the rating for NOG by listing it as a “Outperform.” The predicted price for NOG in the upcoming period, according to Mizuho is $47 based on the research report published on September 19, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see NOG reach a price target of $40. The rating they have provided for NOG stocks is “Equal-Weight” according to the report published on January 05th, 2024.
BofA Securities gave a rating of “Underperform” to NOG, setting the target price at $39 in the report published on January 05th of the current year.
NOG Trading at -2.39% 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 -14.61% of loss for the given period.
Volatility was left at 2.73%, however, over the last 30 days, the volatility rate increased by 2.62%, as shares sank -6.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.09% lower at present.
During the last 5 trading sessions, NOG rose by +3.69%, which changed the moving average for the period of 200-days by +6.86% in comparison to the 20-day moving average, which settled at $36.64. In addition, Northern Oil and Gas Inc. saw 0.89% 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 836 shares at the price of $38.78 back on Sep 03 ’24. After this action, Dirlam Adam A. now owns 110,384 shares of Northern Oil and Gas Inc., valued at $32,420 using the latest closing price.
Dirlam Adam A., the President of Northern Oil and Gas Inc., sale 122 shares at $38.78 during a trade that took place back on Sep 03 ’24, which means that Dirlam Adam A. is holding 17,157 shares at $4,731 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 6.11.
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 3.26. 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
In conclusion, Northern Oil and Gas Inc. (NOG) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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.
