Currently, Northern Oil and Gas Inc. [NOG] is trading at $39.66, up 1.48%. An important factor to consider is whether the stock is rising or falling in short-term value. The NOG shares have gain 12.77% over the last week, with a monthly amount glided 9.32%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Mizuho started tracking the stock with Outperform rating on September 19, 2024, and set its price target to $47. On January 05, 2024, Morgan Stanley initiated with a Equal-Weight rating and assigned a price target of $40 on the stock. BofA Securities downgraded its rating to a Underperform but stick to its price target of $39 on January 05, 2024. Johnson Rice downgraded its rating to a Accumulate. Piper Sandler downgraded its rating to Neutral for this stock on August 14, 2023, but kept the price target unchanged to $46. In a note dated January 06, 2023, BofA Securities upgraded an Buy rating on this stock but restated the target price of $38.
This stock has fluctuated between a low of $31.13 and a high of $43.80 over the last 52 weeks. 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 $39.66 at the most recent close of the market. An investor can expect a potential return of 12.36% 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 39.20 points at the first support level, and at 38.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.98, and for the 2nd resistance point, it is at 40.31.
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 2.07, the price to book ratio is 1.92 and price to earnings (TTM) ratio is 7.02.
Transactions by insiders
Recent insider trading involved Dirlam Adam A., President, that happened on Oct 03 ’24 when 2508.0 shares were sold. President, Dirlam Adam A. completed a deal on Oct 03 ’24 to sell 366.0 shares. Meanwhile, CFO Allen Chad W sold 500.0 shares on Oct 02 ’24.
