A share price of Northern Oil and Gas Inc. [NOG] is currently trading at $41.48, up 1.79%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NOG shares have gain 4.54% over the last week, with a monthly amount glided 16.03%, and seem to be holding up well over a long-time horizon.
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On 4, April 2024, NOG Schedules First Quarter 2024 Earnings Release and Conference Call. In a post published today on Yahoo Finance, Northern Oil and Gas, Inc. (NYSE: NOG) (“NOG” or the “Company”) announced today that it plans to issue its first quarter 2024 financial and operating results on Tuesday, April 30, 2024, before the market opens.
From an analyst’s perspective:
Northern Oil and Gas Inc. [NYSE: NOG] stock has seen the most recent analyst activity on January 05, 2024, when Morgan Stanley initiated its Equal-Weight rating and assigned the stock a price target of $40. Previously, BofA Securities downgraded its rating to Underperform on January 05, 2024, and kept the price target unchanged to $39. On December 14, 2023, downgrade downgraded it’s rating to Accumulate. Piper Sandler downgraded its rating to a Neutral but stick to its price target of $46 on August 14, 2023. BofA Securities upgraded its rating to a Buy but $38 remained the price target by the analyst firm on January 06, 2023. Jefferies started tracking with a Buy rating for this stock on October 19, 2022, and assigned it a price target of $37. In a note dated September 19, 2022, BofA Securities reiterated an Neutral rating on this stock and boosted its target price from $32 to $34.
Northern Oil and Gas Inc. experienced fluctuations in its stock price throughout the past year between $29.57 and $43.64. Currently, Wall Street analysts expect the stock to reach $43.17 within the next 12 months. Northern Oil and Gas Inc. [NYSE: NOG] shares were valued at $41.48 at the most recent close of the market. An investor can expect a potential return of 4.07% based on the average NOG price forecast.
Analyzing the NOG fundamentals
Trailing Twelve Months sales for Northern Oil and Gas Inc. [NYSE:NOG] were 1.67B which represents -32.16% decline. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.68%, and Net Profit Margin reading is 0.63%. To continue investigating profitability, this company’s Return on Assets is posted at 0.21, Equity is 0.62 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.9.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 40.87 points at the first support level, and at 40.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.88, and for the 2nd resistance point, it is at 42.29.
Northern Oil and Gas Inc. [NOG] reported earnings per share of $1.61 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.65/share, meaning a difference of -$0.04 and a surprise factor of -2.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.73 per share as compared to estimates of $1.78 per share, a difference of -$0.05 representing a surprise of -2.80%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Northern Oil and Gas Inc. [NYSE:NOG] is 1.32. As well, the Quick Ratio is 1.32, while the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 2.50, the price to book ratio is 2.04 and price to earnings (TTM) ratio is 4.13.
Transactions by insiders
Recent insider trading involved O’GRADY NICHOLAS L., CEO, that happened on Apr 04 ’24 when 3750.0 shares were sold. President, Dirlam Adam A. completed a deal on Apr 01 ’24 to sell 1392.0 shares. Meanwhile, Chief Technical Officer Evans James B. sold 630.0 shares on Apr 01 ’24.
