At the time of writing, Northern Oil and Gas Inc [NOG] stock is trading at $38.30, up 1.43%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NOG shares have gain 6.01% over the last week, with a monthly amount drifted -11.91%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Northern Oil and Gas Inc [NYSE: NOG] stock has seen the most recent analyst activity on December 16, 2024, when Mizuho downgraded its rating to a Neutral but kept the price target unchanged to $47 for it. Previously, RBC Capital Mkts downgraded its rating to Sector Perform on November 20, 2024, and elevated its price target to $45. Mizuho started tracking the stock assigning a Outperform rating and suggested a price target of $47 on September 19, 2024. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $40 as its price target on January 05, 2024. BofA Securities downgraded its rating to Underperform for this stock on January 05, 2024, but kept the price target unchanged to $39. In a note dated December 14, 2023, Johnson Rice downgraded an Accumulate rating on this stock.
For the past year, the stock price of Northern Oil and Gas Inc fluctuated 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 $38.30 at the most recent close of the market. An investor can expect a potential return of 21.85% based on the average NOG price forecast.
Analyzing the NOG fundamentals
According to Northern Oil and Gas Inc [NYSE:NOG], the company’s sales were 1.93B for trailing twelve months, which represents an 0.38% jump. 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 37.94 points at the first support level, and at 37.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.59, and for the 2nd resistance point, it is at 38.89.
Ratios To Look Out For
It is important to note that Northern Oil and Gas Inc [NYSE:NOG] has a current ratio of 1.23. Further, the Quick Ratio stands at 1.23, while the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 2.01, the price to book ratio is 1.65 and price to earnings (TTM) ratio is 4.60.
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.
