Northern Oil and Gas Inc (NYSE:NOG) currently has a daily average trading volume of 1.43M but it saw 2150910 shares traded in last market. With a market cap of 3.18B USD, the company’s current market price of $32.08 came falling about -0.34 while comparing to the previous closing price of $32.19. In past 52 weeks, the stock remained buoying in the range of price level as high as $44.31 and as low as $32.14.
Taking a look at 20-day trading activity of Northern Oil and Gas Inc (NOG) gives us an average price of $35.21, while its current price level is -27.60% below from 52-week high level whereas it is -0.19% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $37.27 while that of 200 days or SMA-200 reads an average of $38.43. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.64% during that period while stretching the period over a month that decreases to 3.31%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 27.75 which implies that the stock is in oversold territory.
Mizuho downgraded its recommendation for the stock as a “Neutral” from “Outperform” on December 16, 2024 while assigning a price target of $47. RBC Capital Mkts also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $43 and $45.
Over the week, NOG’s stock price is moving -9.38% down while it is -13.90% when we observe its performance for the past one month. Year-to-date it is -13.67% down and over the past year, the stock is showing a downside performance of -7.26%.
Currently, Northern Oil and Gas Inc’s total number of outstanding shares is 99.11M with 8.02% of that held by the insiders while 114.50% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 11.09% and return on equity (ROE) at 23.82%. It has a price to earnings ratio (P/E ratio) of 6.23 while having a 6.61 of forward P/E ratio. Stock’s beta reads 1.85. Stock has a price to book (P/B) ratio of 1.37 while price to sale or P/S ratio amounts to 1.47. Its return on asset (ROA) is 10.32% on average.
