Northern Oil and Gas Inc. (AMEX:NOG) does about 6.84M shares in volume on a normal day but saw 4485991 shares change hands in Monday trading. The company now has a market cap of 291.85M USD. Its current market price is $0.68, marking a decrease of -5.78% compared to the previous close of $0.72. The 52 week high reached by this stock is $2.43 whilst the lowest price level in 52 weeks is $0.50. The script in recent trading has seen the stock touch a high of $0.72 and a low of $0.67.
Northern Oil and Gas Inc. (NOG) has a 20-day trading average at $0.7659 and the current price is -72.08% off the 52-week high compared with 35.70% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.7933 and its 200-day simple moving average is $1.2082. If we look at the stock’s price movements over the week, volatility stands at 5.28%, which increases to 5.57% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 32.07 to suggest the stock is neutral.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 27, 2020 when ROTH Capital initiated the stock to “Buy” and issued a price target of $1.80.
The current price level is -12.02%, -15.16%, and -44.16% away from its SMA20, SMA50, and SMA200 respectively, with the NOG price moving above the 50-day SMA on August 31. Northern Oil and Gas Inc. (NOG) stock is down -2.21% over the week and -15.35% over the past month. Its price is -71.00% year-to-date and -63.12% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of $0.02 below consensus estimates by -$0.01. The company’s next earnings report is expected on 11/04/2020, with forecasts estimating quarterly EPS at $0.04 and $0.16 for whole year. Expected sales for next quarter are $122.24 million, which analysts say will come at $699.05 million for the current fiscal year and next year at $521.18 million. In addition, estimates put the company’s current quarterly revenue at an average of $106.89 million.
Its 12-month price target is $1.50. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $1.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $2.00.
Outstanding shares total 415.36M with insiders holding 30.76% of the shares and institutional holders owning 58.93% of the company’s common stock. The company has a return on investment of 0.20% and return on equity of -99.30%. The forward price to earnings ratio is 4.21. The beta has a value of 2.30. Price to book ratio is 2.00 and price to sales ratio is 0.39.
According to a U.S. Securities and Exchange Commission filing, Fidelity Series Small Cap Opportu has reduced its position in Northern Oil and Gas Inc. (NOG) to 10,027,715 shares, mirroring a recent drop by 0.00%. Fidelity Series Small Cap Opportu dumped 0.0 shares of Northern Oil and Gas Inc. common stock bringing its total worth to about $8.04 million at the end of recent close, SEC documents show. Vanguard Total Stock Market Index cut their holdings by 0.00% in the company over the course of the most recent quarter. It now holds a 1.85% position in Northern Oil and Gas Inc. thanks to 8.07 million shares amounting to $6.47 million.