A share price of Northern Oil and Gas Inc [NOG] is currently trading at $41.21, down -0.15%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NOG shares have lost -0.72% over the last week, with a monthly amount glided 1.30%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Northern Oil and Gas Inc [NYSE: NOG] stock has seen the most recent analyst activity on November 20, 2024, when RBC Capital Mkts downgraded its rating to a Sector Perform and also boosted its price target to $45 from $43. On September 19, 2024, Mizuho initiated with a Outperform rating and assigned a price target of $47 on the stock. Morgan Stanley started tracking the stock assigning a Equal-Weight rating and suggested a price target of $40 on January 05, 2024. BofA Securities downgraded its rating to a Underperform but $39 remained the price target by the analyst firm on January 05, 2024. Johnson Rice downgraded its rating to Accumulate for this stock on December 14, 2023. In a note dated August 14, 2023, Piper Sandler downgraded an Neutral rating on this stock but restated the target price of $46.
Northern Oil and Gas Inc experienced fluctuations in its stock price throughout the past year between $31.13 and $44.31. Currently, Wall Street analysts expect the stock to reach $46.67 within the next 12 months. Northern Oil and Gas Inc [NYSE: NOG] shares were valued at $41.21 at the most recent close of the market. An investor can expect a potential return of 13.25% 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 0.34% with Operating Profit Margin at 0.44%, Pretax Profit Margin comes in at 0.54%, and Net Profit Margin reading is 0.44%. 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 40.61 points at the first support level, and at 40.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.65, and for the 2nd resistance point, it is at 42.08.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Northern Oil and Gas Inc [NYSE:NOG] is 1.23. As well, the Quick Ratio is 1.23, 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 1.78 and price to earnings (TTM) ratio is 4.95.
Transactions by insiders
Recent insider trading involved Allen Chad W, CFO, that happened on Dec 02 ’24 when 1000.0 shares were sold. President, Dirlam Adam A. completed a deal on Dec 02 ’24 to sell 1672.0 shares. Meanwhile, President Dirlam Adam A. sold 244.0 shares on Dec 02 ’24.
