A share price of Northern Oil and Gas Inc. [NOG] is currently trading at $36.88, up 1.32%. An important factor to consider is whether the stock is rising or falling in short-term value. The NOG shares have gain 1.24% over the last week, with a monthly amount drifted -3.25%, 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 September 19, 2024, when Mizuho initiated its Outperform rating and assigned the stock a price target of $47. Previously, Morgan Stanley started tracking the stock with Equal-Weight rating on January 05, 2024, and set its price target to $40. On January 05, 2024, downgrade downgraded it’s rating to Underperform but maintained its price target of $39 on the stock. Johnson Rice downgraded its rating to a Accumulate. Piper Sandler downgraded its rating to a Neutral but $46 remained the price target by the analyst firm on August 14, 2023. BofA Securities upgraded its rating to Buy for this stock on January 06, 2023, but kept the price target unchanged to $38. In a note dated October 19, 2022, Jefferies initiated an Buy rating and provided a target price of $37 on this stock.
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 $44.56 within the next 12 months. Northern Oil and Gas Inc. [NYSE: NOG] shares were valued at $36.88 at the most recent close of the market. An investor can expect a potential return of 20.82% 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 36.41 points at the first support level, and at 35.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.34, and for the 2nd resistance point, it is at 37.81.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Northern Oil and Gas Inc. [NYSE:NOG] is 0.89. On the other hand, the Quick Ratio is 0.89, and the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 1.92, the price to book ratio is 1.79 and price to earnings (TTM) ratio is 6.53.
Transactions by insiders
Recent insider trading involved Romslo Erik J., Chief Legal Officer & Sec., that happened on Oct 01 ’24 when 1500.0 shares were sold. President, Dirlam Adam A. completed a deal on Sep 03 ’24 to sell 836.0 shares. Meanwhile, President Dirlam Adam A. sold 122.0 shares on Sep 03 ’24.
