Northern Oil and Gas Inc [NOG] stock prices are up 11.70% to $41.06 at the moment. 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 12.59% over the last week, with a monthly amount glided 4.32%, 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.
The stock price of Northern Oil and Gas Inc [NOG] has been fluctuating between $31.13 and $43.80 over the past year. 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 $41.06 at the most recent close of the market. An investor can expect a potential return of 8.52% based on the average NOG price forecast.
Analyzing the NOG fundamentals
The Northern Oil and Gas Inc [NYSE:NOG] reported sales of 1.93B for trailing twelve months, representing a surge of 0.38%. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.39%, Pretax Profit Margin comes in at 0.48%, and Net Profit Margin reading is 0.39%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is 0.4 and Total Capital is 0.18. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.84.
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 39.50 points at the first support level, and at 37.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.07, and for the 2nd resistance point, it is at 43.08.
Ratios To Look Out For
It’s worth pointing out that Northern Oil and Gas Inc [NYSE:NOG]’s Current Ratio is 1.23. As well, the Quick Ratio is 0.89, while the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 2.14, the price to book ratio is 1.77 and price to earnings (TTM) ratio is 4.93.
Transactions by insiders
Recent insider trading involved Allen Chad W, CFO, that happened on Nov 01 ’24 when 500.0 shares were sold. Chief Legal Officer & Sec., Romslo Erik J. completed a deal on Nov 01 ’24 to sell 1500.0 shares. Meanwhile, CFO Allen Chad W sold 1500.0 shares on Oct 07 ’24.
