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In the latest session, Northern Oil and Gas Inc. (NYSE: NOG) closed at $36.02 down -1.45% from its previous closing price of $36.55. In other words, the price has decreased by -$1.45 from its previous closing price. On the day, 0.71 million shares were traded. NOG stock price reached its highest trading level at $36.64 during the session, while it also had its lowest trading level at $35.705.
Ratios:
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 0.89 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.
On September 19, 2024, Mizuho started tracking the stock assigning a Outperform rating and target price of $47.
On January 05, 2024, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $40.Morgan Stanley initiated its Equal-Weight rating on January 05, 2024, with a $40 target price.
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 Oct 07 ’24 when Allen Chad W sold 1,500 shares for $40.00 per share. The transaction valued at 60,000 led to the insider holds 83,792 shares of the business.
Dirlam Adam A. sold 2,508 shares of NOG for $96,558 on Oct 03 ’24. The President now owns 107,876 shares after completing the transaction at $38.50 per share. On Oct 03 ’24, another insider, Dirlam Adam A., who serves as the President of the company, sold 366 shares for $38.50 each. As a result, the insider received 14,091 and left with 16,791 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 3661288960 and an Enterprise Value of 5458029056. As of this moment, Northern’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.38, and their Forward P/E ratio for the next fiscal year is 6.84. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.26. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.88 while its Price-to-Book (P/B) ratio in mrq is 1.74. Its current Enterprise Value per Revenue stands at 2.769 whereas that against EBITDA is 3.779.
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 -3.52%, while the 200-Day Moving Average is calculated to be -5.26%.
Shares Statistics:
For the past three months, NOG has traded an average of 1.36M shares per day and 833580 over the past ten 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 107.64% stake in the company. Shares short for NOG as of 1728950400 were 16216035 with a Short Ratio of 11.92, compared to 1726185600 on 15855550. Therefore, it implies a Short% of Shares Outstanding of 16216035 and a Short% of Float of 26.009999999999998.
Dividends & Splits
According to the company, the forward annual dividend rate for NOG is 1.62, from 1.58 in the trailing year. Against a Trailing Annual Dividend Yield of 0.043228455
