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After finishing at $38.60 in the prior trading day, Northern Oil and Gas Inc. (NYSE: NOG) closed at $38.97, up 0.96%. In other words, the price has increased by $0.96 from its previous closing price. On the day, 0.95 million shares were traded. NOG stock price reached its highest trading level at $39.47 during the session, while it also had its lowest trading level at $38.665.
Ratios:
Our goal is to gain a better understanding of NOG by taking a closer look at its different 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.
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 Jul 31 ’24 when Romslo Erik J. sold 522 shares for $43.80 per share. The transaction valued at 22,864 led to the insider holds 104,666 shares of the business.
Dirlam Adam A. sold 1,392 shares of NOG for $60,162 on Aug 01 ’24. The President now owns 106,236 shares after completing the transaction at $43.22 per share. On Aug 01 ’24, another insider, Dirlam Adam A., who serves as the President of the company, sold 204 shares for $43.22 each. As a result, the insider received 8,817 and left with 17,523 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 3903703040 and an Enterprise Value of 5752119808. As of this moment, Northern’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.90, and their Forward P/E ratio for the next fiscal year is 6.01. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.63. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.03 while its Price-to-Book (P/B) ratio in mrq is 1.89. Its current Enterprise Value per Revenue stands at 2.919 whereas that against EBITDA is 3.982.
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 0.54%, while the 200-Day Moving Average is calculated to be 2.81%.
Shares Statistics:
The stock has traded on average 1.46M shares per day over the past 3-months and 1122580 shares per day over the last 10 days, according to various share statistics. A total of 100.76M shares are outstanding, with a floating share count of 92.81M. Insiders hold about 7.35% of the company’s shares, while institutions hold 109.26% stake in the company. Shares short for NOG as of 1722384000 were 13829054 with a Short Ratio of 9.45, compared to 1719532800 on 12952533. Therefore, it implies a Short% of Shares Outstanding of 13829054 and a Short% of Float of 22.18.
Dividends & Splits
In the trailing 12 months, NOG’s forward annual dividend rate was 1.58, compared to 1.58 this year. Against a Trailing Annual Dividend Yield of 0.040932644
