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The price of Northern Oil and Gas Inc. (NYSE: NOG) closed at $40.31 in the last session, up 1.38% from day before closing price of $39.76. In other words, the price has increased by $1.38 from its previous closing price. On the day, 0.79 million shares were traded. NOG stock price reached its highest trading level at $40.555 during the session, while it also had its lowest trading level at $39.75.
Ratios:
We take a closer look at NOG’s different ratios to gain a better understanding of the stock. 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.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 29 ’24 when Dirlam Adam A. bought 28,656 shares for $40.00 per share.
Romslo Erik J. sold 1,500 shares of NOG for $57,659 on Aug 23 ’24. The Chief Legal Officer & Sec. now owns 107,213 shares after completing the transaction at $38.44 per share. On Aug 23 ’24, another insider, Romslo Erik J., who serves as the Officer of the company, bought 4,500 shares for $35.00 each.
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 4037933568 and an Enterprise Value of 5885706752. As of this moment, Northern’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.14, and their Forward P/E ratio for the next fiscal year is 6.32. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.10 while its Price-to-Book (P/B) ratio in mrq is 1.95. Its current Enterprise Value per Revenue stands at 2.986 whereas that against EBITDA is 4.075.
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 3.44%, while the 200-Day Moving Average is calculated to be 6.16%.
Shares Statistics:
According to the various share statistics, NOG traded on average about 1.44M shares per day over the past 3-months and 990360 shares per day over the past 10 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 109.02% stake in the company. Shares short for NOG as of 1723680000 were 15051621 with a Short Ratio of 10.47, compared to 1721001600 on 13422283. Therefore, it implies a Short% of Shares Outstanding of 15051621 and a Short% of Float of 24.139999.
Dividends & Splits
The forward annual dividend rate for NOG is 1.58, which was 1.58 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.03973843
