Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
As of close of business last night, Northern Oil and Gas Inc.’s stock clocked out at $39.67, down -2.75% from its previous closing price of $40.79. In other words, the price has decreased by -$2.75 from its previous closing price. On the day, 1.99 million shares were traded. NOG stock price reached its highest trading level at $41.76 during the session, while it also had its lowest trading level at $39.43.
Ratios:
To gain a deeper understanding of NOG’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.32 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Apr 09 ’24 when Evans James B. sold 3,150 shares for $42.00 per share. The transaction valued at 132,300 led to the insider holds 73,753 shares of the business.
O’GRADY NICHOLAS L. sold 3,750 shares of NOG for $153,656 on Apr 04 ’24. The CEO now owns 228,082 shares after completing the transaction at $40.98 per share. On Apr 01 ’24, another insider, Dirlam Adam A., who serves as the President of the company, sold 1,392 shares for $39.88 each. As a result, the insider received 55,513 and left with 111,804 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 4008851712 and an Enterprise Value of 6197704192. As of this moment, Northern’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.43, and their Forward P/E ratio for the next fiscal year is 6.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.25 while its Price-to-Book (P/B) ratio in mrq is 2.00. Its current Enterprise Value per Revenue stands at 3.548 whereas that against EBITDA is 3.83.
Stock Price History:
The Beta on a monthly basis for NOG is 1.85, which has changed by 0.28257358 over the last 52 weeks, in comparison to a change of 0.23568535 over the same period for the S&P500. 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 1.28%, while the 200-Day Moving Average is calculated to be 3.82%.
Shares Statistics:
It appears that NOG traded 1.32M shares on average per day over the past three months and 1474060 shares per day over the past ten days. A total of 100.76M shares are outstanding, with a floating share count of 93.53M. Insiders hold about 7.28% of the company’s shares, while institutions hold 100.05% stake in the company. Shares short for NOG as of 1713139200 were 10204113 with a Short Ratio of 7.74, 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
With its trailing 12-month dividend rate of 1.49, NOG has a forward annual dividend rate of 1.55. Against a Trailing Annual Dividend Yield of 0.03652856The current Payout Ratio is 14.86% for NOG, which recently paid a dividend on 2024-03-27 with an ex-dividend date of 1711497600. Stock splits for the company last occurred on 2020-09-21 when the company split stock in a 1:10 ratio.
Earnings Estimates
Investors are eagerly awaiting the insights provided by 10.0 analysts currently analyzing and rating the stock of Northern Oil and Gas Inc. (NOG).On average, analysts expect EPS of $1.38 for the current quarter, with a high estimate of $1.59 and a low estimate of $1.18, while EPS last year was $1.49. The consensus estimate for the next quarter is $1.44, with high estimates of $1.69 and low estimates of $1.23.
Analysts are recommending an EPS of between $6.01 and $4.93 for the fiscal current year, implying an average EPS of $5.42. EPS for the following year is $6.06, with 10.0 analysts recommending between $7.67 and $4.2.
Revenue Estimates
In the current quarter, 9 analysts expect revenue to total $549.36M. It ranges from a high estimate of $573.64M to a low estimate of $524.32M. As of the current estimate, Northern Oil and Gas Inc.’s year-ago sales were $417.3MFor the next quarter, 9 analysts are estimating revenue of $574.73M. There is a high estimate of $598M for the next quarter, whereas the lowest estimate is $526.71M.
A total of 10 analysts have provided revenue estimates for NOG’s current fiscal year. The highest revenue estimate was $2.26B, while the lowest revenue estimate was $2.1B, resulting in an average revenue estimate of $2.2B. In the same quarter a year ago, actual revenue was $2.17BBased on 9 analysts’ estimates, the company’s revenue will be $2.3B in the next fiscal year. The high estimate is $2.46B and the low estimate is $2.12B.
