Ratios Revealed: Decoding Northern Oil and Gas Inc. (NOG)’s Financial Health

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The closing price of Northern Oil and Gas Inc. (NYSE: NOG) was $37.79 for the day, down -3.00% from the previous closing price of $38.96. In other words, the price has decreased by -$3.00 from its previous closing price. On the day, 1.49 million shares were traded. NOG stock price reached its highest trading level at $38.605 during the session, while it also had its lowest trading level at $37.65.


Our analysis of NOG’s different ratios will help us gain a deeper understanding of the company. 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:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 3937113344 and an Enterprise Value of 5706987008. As of this moment, Northern’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.12, and their Forward P/E ratio for the next fiscal year is 6.82. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.15 while its Price-to-Book (P/B) ratio in mrq is 1.91. Its current Enterprise Value per Revenue stands at 3.107 whereas that against EBITDA is 4.108.

Stock Price History:

Over the past 52 weeks, NOG has reached a high of $43.75, while it has fallen to a 52-week low of $30.47. The 50-Day Moving Average of the stock is -7.57%, while the 200-Day Moving Average is calculated to be -1.33%.

Shares Statistics:

NOG traded an average of 1.25M shares per day over the past three months and 1215680 shares per day over the past ten days. A total of 100.76M shares are outstanding, with a floating share count of 93.68M. Insiders hold about 7.29% of the company’s shares, while institutions hold 102.23% stake in the company. Shares short for NOG as of 1715731200 were 11837381 with a Short Ratio of 9.49, compared to 1713139200 on 10204113. Therefore, it implies a Short% of Shares Outstanding of 11837381 and a Short% of Float of 18.72.

Dividends & Splits

With its trailing 12-month dividend rate of 1.55, NOG has a forward annual dividend rate of 1.55. Against a Trailing Annual Dividend Yield of 0.039784394

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