Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
Northern Oil and Gas Inc. (NYSE: NOG) closed the day trading at $40.25 up 0.70% from the previous closing price of $39.97. In other words, the price has increased by $0.70 from its previous closing price. On the day, 1.04 million shares were traded. NOG stock price reached its highest trading level at $40.3 during the session, while it also had its lowest trading level at $39.605.
Ratios:
For a better understanding of NOG, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.96 and its Current Ratio is at 0.96. In the meantime, Its Debt-to-Equity ratio is 0.97 whereas as Long-Term Debt/Eq ratio is at 0.97.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Morgan Stanley on January 05, 2024, initiated with a Equal-Weight rating and assigned the stock a target price of $40.
On January 05, 2024, BofA Securities Downgraded its rating to Underperform which previously was Buy but kept the price unchanged to $39.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 01 ’24 when Dirlam Adam A. sold 1,392 shares for $40.99 per share. The transaction valued at 57,058 led to the insider holds 110,412 shares of the business.
Dirlam Adam A. sold 204 shares of NOG for $8,362 on May 01 ’24. The President now owns 18,135 shares after completing the transaction at $40.99 per share. On Apr 09 ’24, another insider, Evans James B., who serves as the Chief Technical Officer of the company, sold 3,150 shares for $42.00 each. As a result, the insider received 132,300 and left with 73,753 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 4067463680 and an Enterprise Value of 5954401280. As of this moment, Northern’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.52, and their Forward P/E ratio for the next fiscal year is 6.75. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.29 while its Price-to-Book (P/B) ratio in mrq is 2.03. Its current Enterprise Value per Revenue stands at 3.242 whereas that against EBITDA is 4.286.
Stock Price History:
Over the past 52 weeks, NOG has reached a high of $43.75, while it has fallen to a 52-week low of $29.57. The 50-Day Moving Average of the stock is 2.18%, while the 200-Day Moving Average is calculated to be 5.22%.
Shares Statistics:
Over the past 3-months, NOG traded about 1.31M shares per day on average, while over the past 10 days, NOG traded about 1442620 shares per day. A total of 100.76M shares are outstanding, with a floating share count of 93.70M. Insiders hold about 7.28% of the company’s shares, while institutions hold 100.64% stake in the company. Shares short for NOG as of 1713139200 were 10204113 with a Short Ratio of 7.77, compared to 1710460800 on 8680060. Therefore, it implies a Short% of Shares Outstanding of 10204113 and a Short% of Float of 16.139999.
Dividends & Splits
NOG’s forward annual dividend rate is 1.55, up from 1.55 a year ago. Against a Trailing Annual Dividend Yield of 0.038779084
