Northern Oil and Gas Inc (NYSE:NOG) currently has a daily average trading volume of 1.87M but it saw 2984822 shares traded in last market. With a market cap of 2.15B USD, the company’s current market price of $21.72 came falling about -12.21 while comparing to the previous closing price of $24.74. In past 52 weeks, the stock remained buoying in the range of price level as high as $44.31 and as low as $19.88. In the recent trading on the day, stock has struck highest price mark of $21.145 while lowest mark touched by it was $23.66.
Taking a look at 20-day trading activity of Northern Oil and Gas Inc (NOG) gives us an average price of $28.17, while its current price level is -50.98% below from 52-week high level whereas it is 9.26% 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 $30.88 while that of 200 days or SMA-200 reads an average of $36.79. A closer look into the stock’s movement over the week reveals that its volatility is standing at 15.14% during that period while stretching the period over a month that decreases to 6.26%. 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 32.12 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 -16.33% down while it is -24.58% when we observe its performance for the past one month. Year-to-date it is -41.55% down and over the past year, the stock is showing a downside performance of -48.62%.
The company is expected to be releasing its next quarterly report on 2025-Feb-18, for which analysts forecasted an EPS of 1.12 while estimate for next year EPS is 4.51. In next quarter, company is expected to be making quarterly sales of $549.09M as analysts are expecting the sales for current fiscal year at $2.26B and seeing the company making $2.39B in sales next year. Moreover, analysts are in estimates of $556.26M for current-quarter revenue.
Currently, Northern Oil and Gas Inc’s total number of outstanding shares is 99.11M with 7.49% of that held by the insiders while 114.73% 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 4.22 while having a 4.64 of forward P/E ratio. Stock’s beta reads 1.51. Stock has a price to book (P/B) ratio of 0.93 while price to sale or P/S ratio amounts to 0.99. Its return on asset (ROA) is 10.32% on average.
