A share price of Northern Oil and Gas Inc [NOG] is currently trading at $41.08, down -0.41%. 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 0.98% over the last week, with a monthly amount glided 10.05%, 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.
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 $41.08 at the most recent close of the market. An investor can expect a potential return of 8.47% based on the average NOG price forecast.
Analyzing the NOG fundamentals
Trailing Twelve Months sales for Northern Oil and Gas Inc [NYSE:NOG] were 1.93B which represents 0.38% growth. Gross Profit Margin for this corporation currently stands at 0.42% 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 40.68 points at the first support level, and at 40.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.38, and for the 2nd resistance point, it is at 41.69.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Northern Oil and Gas Inc [NYSE:NOG] is 1.23. In addition, the Quick Ratio stands at 1.23 and the Cash Ratio stands at 0.08. Considering the valuation of this stock, the price to sales ratio is 2.13, 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 06 ’24 when 500.0 shares were sold. President, Dirlam Adam A. completed a deal on Nov 06 ’24 to sell 1672.0 shares. Meanwhile, President Dirlam Adam A. sold 244.0 shares on Nov 06 ’24.
