Northern Oil and Gas Inc (NYSE:NOG) currently has a daily average trading volume of 1.71M but it saw 1255062 shares traded in last market. With a market cap of 2.81B USD, the company’s current market price of $28.33 came falling about -1.63 while comparing to the previous closing price of $28.80. In past 52 weeks, the stock remained buoying in the range of price level as high as $44.31 and as low as $26.59. In the recent trading on the day, stock has struck highest price mark of $27.86 while lowest mark touched by it was $29.17.
Taking a look at 20-day trading activity of Northern Oil and Gas Inc (NOG) gives us an average price of $31.03, while its current price level is -36.06% below from 52-week high level whereas it is 6.52% 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 $35.31 while that of 200 days or SMA-200 reads an average of $37.80. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.85% during that period while stretching the period over a month that decreases to 4.24%. 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 30.06 which implies that the stock is in neutral 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 5.36% up while it is -21.81% when we observe its performance for the past one month. Year-to-date it is -23.76% down and over the past year, the stock is showing a downside performance of -22.91%.
The company is expected to be releasing its next quarterly report on 2025-Feb-18, for which analysts forecasted an EPS of 1.15 while estimate for next year EPS is 4.36. In next quarter, company is expected to be making quarterly sales of $557.16M as analysts are expecting the sales for current fiscal year at $2.27B and seeing the company making $2.39B in sales next year. Moreover, analysts are in estimates of $568.2M for current-quarter revenue.
Currently, Northern Oil and Gas Inc’s total number of outstanding shares is 99.11M with 7.43% of that held by the insiders while 114.60% 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 5.51 while having a 5.88 of forward P/E ratio. Stock’s beta reads 1.53. Stock has a price to book (P/B) ratio of 1.21 while price to sale or P/S ratio amounts to 1.30. Its return on asset (ROA) is 10.32% on average.
