A share price of Northern Oil and Gas Inc. [NOG] is currently trading at $36.07, up 3.38%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NOG shares have gain 6.21% over the last week, with a monthly amount drifted -6.55%, and not seem to be holding up well over a long-time horizon.
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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 $31.13 and $43.80. Currently, Wall Street analysts expect the stock to reach $44.25 within the next 12 months. Northern Oil and Gas Inc. [NYSE: NOG] shares were valued at $36.07 at the most recent close of the market. An investor can expect a potential return of 22.68% based on the average NOG price forecast.
Analyzing the NOG fundamentals
Trailing Twelve Months sales for Northern Oil and Gas Inc. [NYSE:NOG] were 1.92B which represents 34.72% growth. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.38%, and Net Profit Margin reading is 0.33%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.3 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.91.
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 35.28 points at the first support level, and at 34.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.56, and for the 2nd resistance point, it is at 37.05.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Northern Oil and Gas Inc. [NYSE:NOG] is 0.89. In addition, the Quick Ratio stands at 0.89 and the Cash Ratio stands at 0.02. Considering the valuation of this stock, the price to sales ratio is 1.88, the price to book ratio is 1.75 and price to earnings (TTM) ratio is 6.39.
Transactions by insiders
Recent insider trading involved Dirlam Adam A., President, that happened on Sep 03 ’24 when 836.0 shares were sold. President, Dirlam Adam A. completed a deal on Sep 03 ’24 to sell 122.0 shares. Meanwhile, CFO Allen Chad W sold 500.0 shares on Sep 03 ’24.
