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In the latest session, Northern Oil and Gas Inc. (NYSE: NOG) closed at $37.60 down -5.15% from its previous closing price of $39.64. In other words, the price has decreased by -$5.15 from its previous closing price. On the day, 1.6 million shares were traded. NOG stock price reached its highest trading level at $38.62 during the session, while it also had its lowest trading level at $37.56.
Ratios:
For a deeper understanding of Northern Oil and Gas Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.89 and its Current Ratio is at 0.89. In the meantime, Its Debt-to-Equity ratio is 0.91 whereas as Long-Term Debt/Eq ratio is at 0.91.
On September 19, 2024, Mizuho started tracking the stock assigning a Outperform rating and target price of $47.
On January 05, 2024, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $40.Morgan Stanley initiated its Equal-Weight rating on January 05, 2024, with a $40 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Oct 07 ’24 when Allen Chad W sold 1,500 shares for $40.00 per share. The transaction valued at 60,000 led to the insider holds 83,792 shares of the business.
Dirlam Adam A. sold 2,508 shares of NOG for $96,558 on Oct 03 ’24. The President now owns 107,876 shares after completing the transaction at $38.50 per share. On Oct 03 ’24, another insider, Dirlam Adam A., who serves as the President of the company, sold 366 shares for $38.50 each. As a result, the insider received 14,091 and left with 16,791 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NOG now has a Market Capitalization of 3766467072 and an Enterprise Value of 5615542272. As of this moment, Northern’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.66, and their Forward P/E ratio for the next fiscal year is 6.57. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.96 while its Price-to-Book (P/B) ratio in mrq is 1.82. Its current Enterprise Value per Revenue stands at 2.849 whereas that against EBITDA is 3.888.
Stock Price History:
Over the past 52 weeks, NOG has reached a high of $43.80, while it has fallen to a 52-week low of $31.13. The 50-Day Moving Average of the stock is 0.16%, while the 200-Day Moving Average is calculated to be -0.98%.
Shares Statistics:
For the past three months, NOG has traded an average of 1.48M shares per day and 1286960 over the past ten days. A total of 100.76M shares are outstanding, with a floating share count of 92.78M. Insiders hold about 7.38% of the company’s shares, while institutions hold 107.22% stake in the company. Shares short for NOG as of 1727654400 were 16559985 with a Short Ratio of 11.19, compared to 1724976000 on 15580006. Therefore, it implies a Short% of Shares Outstanding of 16559985 and a Short% of Float of 26.56.
Dividends & Splits
According to the company, the forward annual dividend rate for NOG is 1.62, from 1.58 in the trailing year. Against a Trailing Annual Dividend Yield of 0.03985873
