A 10% Owner Of Northern Oil and Gas Inc. (NOG) Buys 0.51 million Shares

Northern Oil and Gas Inc. (AMEX:NOG) saw an upside of 1.81% to close Monday at $26.47 after adding $0.47 on the day. The 5-day average trading volume is 1,295,620 shares of the company’s common stock. It has gained $26.88 in the past week. An average of 1,024,670 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 777,946.

NOG’s 1-month performance is 53.27% or $9.20 on its low of $16.42 reached on 09/20/21. The company’s shares have touched a 52-week low of $3.35 and high of $26.02, with the stock’s rally to the 52-week high happening on 10/11/21. YTD, NOG has achieved 202.17% or $17.71. However, the current price is up 1.73%% from the 52-week high price.


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Insider Transactions

On Dec 10, 306 days have gone by since the last insider trading activity for Northern Oil and Gas Inc. (NOG). Akradi Bahram (Director) most recently sold 130,000 shares at $9.60 per share on Dec 10. This transaction cost the insider $1,247,402. Director, Akradi Bahram, sold 130,000 shares at a price of $9.05 on Dec 09.

Valuation Metrics

Northern Oil and Gas Inc. (NOG) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 19.63 for the sector. The company’s PE ratio for the last five years has touched a high of 68.33 and a low of 0.7306. NOG stock has a beta of 2.46. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 11.55 while the price to cash flow ratio at 5.56.

It is projected that Northern Oil and Gas Inc.’s next ex-dividend date will be on 30-Dec. NOG is expected to distribute $0.045 as its next dividend.

Northern Oil and Gas Inc.’s quick ratio for the period ended June 29 was 0.50, with the current ratio over the same period at 0.50 meaning that NOG stock is not able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is -23.50%. The trailing 12-month EBITDA margin is 49.19%. The firm’s gross profit as reported stood at $406.09 million against revenue of $552.21 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected NOG to announce $0.71 per share in earnings in its latest quarter, but it posted $0.92, representing a 29.60% surprise. EBITDA for the quarter stood at more than -$43.16 million. NOG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.26 billion, with total debt at $802.66 million. Shareholders hold equity totaling $66.17 million

Technical Picture

Let’s look briefly at Northern Oil and Gas Inc. (NOG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 77.85% to suggest the stock is trending Overbought, with historical volatility in this time period at 76.08%.

The stock’s 5-day moving average is $24.76, reflecting a +7.04% or $1.74 change from its current price. NOG is currently trading +48.21% above its 20-day SMA, +56.17% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +53.27% and +183.40% respectively.

Stochastic %K and %D was 96.11% and 89.07% and the average true range (ATR) pointed at 1.40. The RSI (14) points at 75.63%, while the 14-day stochastic is at 95.50% with the period’s ATR at 1.26. The stock’s 9-day MACD Oscillator is pointing at 1.95 and 3.49 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Northern Oil and Gas Inc. (AMEX: NOG), Piper Sandler upgraded it to an Overweight rating. They previously had a Neutral rating on the stock. Analysts offering their rating for NOG stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate NOG as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 10 have offered a “buy” rating.

What is NOG’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $22.00 and a high of $38.00, with their median price target at $28.00. Looking at these predictions, the average price target given by analysts is for Northern Oil and Gas Inc. (NOG) stock is $29.58.

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