Ratio Examination: Northern Oil and Gas Inc. (NOG)’s Price-to-Cash and Price-to-Free Cash Flow

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In the latest session, Northern Oil and Gas Inc. (NYSE: NOG) closed at $40.23 up 0.22% from its previous closing price of $40.14. In other words, the price has increased by $0.22 from its previous closing price. On the day, 0.94 million shares were traded. NOG stock price reached its highest trading level at $40.25 during the session, while it also had its lowest trading level at $39.215.


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 0.96 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:

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 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 4065442560 and an Enterprise Value of 5952389632. 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 6.99. 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 3.24 whereas that against EBITDA is 4.284.

Stock Price History:

The Beta on a monthly basis for NOG is 1.77, which has changed by 0.29941857 over the last 52 weeks, in comparison to a change of 0.2644323 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 0.07%, while the 200-Day Moving Average is calculated to be 4.87%.

Shares Statistics:

For the past three months, NOG has traded an average of 1.31M shares per day and 1066710 over the past ten days. 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 103.15% stake in the company. Shares short for NOG as of 1714435200 were 10661806 with a Short Ratio of 8.16, compared to 1711584000 on 9552365. Therefore, it implies a Short% of Shares Outstanding of 10661806 and a Short% of Float of 16.860001.

Dividends & Splits

According to the company, the forward annual dividend rate for NOG is 1.55, from 1.55 in the trailing year. Against a Trailing Annual Dividend Yield of 0.038614847The current Payout Ratio is 14.86% for NOG, which recently paid a dividend on 2024-03-27 with an ex-dividend date of 1719446400. Stock splits for the company last occurred on 2020-09-21 when the company split stock in a 1:10 ratio.

Earnings Estimates

Northern Oil and Gas Inc. (NOG) is presently subject to a detailed evaluation by 6.0 analysts, each offering their unique perspectives on its market standing.On average, analysts expect EPS of $1.3 for the current quarter, with a high estimate of $1.48 and a low estimate of $1.11, while EPS last year was $1.49. The consensus estimate for the next quarter is $1.35, with high estimates of $1.57 and low estimates of $1.07.

Analysts are recommending an EPS of between $8.31 and $4.69 for the fiscal current year, implying an average EPS of $5.71. EPS for the following year is $5.46, with 6.0 analysts recommending between $6.45 and $3.69.

Revenue Estimates

A total of 7 analysts believe the company’s revenue will be $551.97M this quarter.It ranges from a high estimate of $573.64M to a low estimate of $529.2M. As of the current estimate, Northern Oil and Gas Inc.’s year-ago sales were $417.3MFor the next quarter, 7 analysts are estimating revenue of $563.08M. There is a high estimate of $595M for the next quarter, whereas the lowest estimate is $518.62M.

A total of 7 analysts have provided revenue estimates for NOG’s current fiscal year. The highest revenue estimate was $2.26B, while the lowest revenue estimate was $1.98B, resulting in an average revenue estimate of $2.17B. In the same quarter a year ago, actual revenue was $2.17BBased on 6 analysts’ estimates, the company’s revenue will be $2.25B in the next fiscal year. The high estimate is $2.4B and the low estimate is $2.08B.

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