The price-to-earnings ratio for Northern Oil and Gas Inc (NYSE: NOG) is 4.73x, 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 7 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for NOG is 92.47M and currently, short sellers hold a 16.58% of that float. On January 24, 2025, NOG’s average trading volume was 1.30M shares.
NOG) stock’s latest price update
The stock price of Northern Oil and Gas Inc (NYSE: NOG) has plunged by -1.13 when compared to previous closing price of 39.88, but the company has seen a -5.51% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-12-23 that Northern’s Q3 2024 results were roughly in line with expectations, and it reaffirmed its full-year production and capex guidance. It plans to increase its quarterly dividend to $0.45 per share in 2025, around 10% higher than its average 2024 dividend. Northern entered into a joint development agreement in Appalachia for up to $160 million in 2025 spending.
NOG’s Market Performance
Northern Oil and Gas Inc (NOG) has seen a -5.51% fall in stock performance for the week, with a 9.47% gain in the past month and a 5.63% surge in the past quarter. The volatility ratio for the week is 2.72%, and the volatility levels for the past 30 days are at 2.50% for NOG. The simple moving average for the last 20 days is 1.31% for NOG stock, with a simple moving average of 0.65% for the last 200 days.
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 “Neutral.” The predicted price for NOG in the upcoming period, according to Mizuho is $47 based on the research report published on December 16, 2024 of the previous year 2024.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see NOG reach a price target of $45, previously predicting the price at $43. The rating they have provided for NOG stocks is “Sector Perform” according to the report published on November 20th, 2024.
Jefferies gave a rating of “Buy” to NOG, setting the target price at $53 in the report published on October 03rd of the previous year.
NOG Trading at -1.76% 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 -11.01% of loss for the given period.
Volatility was left at 2.50%, however, over the last 30 days, the volatility rate increased by 2.72%, as shares surge +10.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.74% lower at present.
During the last 5 trading sessions, NOG fell by -5.51%, which changed the moving average for the period of 200-days by -4.94% in comparison to the 20-day moving average, which settled at $38.92. In addition, Northern Oil and Gas Inc saw 6.11% 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 Allen Chad W, who sale 500 shares at the price of $40.33 back on Jan 10 ’25. After this action, Allen Chad W now owns 75,814 shares of Northern Oil and Gas Inc, valued at $20,165 using the latest closing price.
Dirlam Adam A., the President of Northern Oil and Gas Inc, sale 836 shares at $39.00 during a trade that took place back on Jan 06 ’25, which means that Dirlam Adam A. is holding 96,223 shares at $32,604 based on the most recent closing price.
Stock Fundamentals for NOG
Current profitability levels for the company are sitting at:
- 0.44 for the present operating margin
- 0.34 for the gross margin
The net margin for Northern Oil and Gas Inc stands at 0.44. The total capital return value is set at 0.18. Equity return is now at value 45.01, with 17.89 for asset returns.
Based on Northern Oil and Gas Inc (NOG), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.75. The debt to equity ratio resting at 0.84. The interest coverage ratio of the stock is 5.71.
Currently, EBITDA for the company is 1.62 billion with net debt to EBITDA at 1.02. When we switch over and look at the enterprise to sales, we see a ratio of 3.04. The receivables turnover for the company is 5.45for trailing twelve months and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.23.
Conclusion
To wrap up, the performance of Northern Oil and Gas Inc (NOG) has been better in recent times. The stock has received a bullish of “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.
