Northern Oil and Gas Inc. (NOG) 10% Owner Owns Stock Worth $0.51 million

Northern Oil and Gas Inc. (AMEX:NOG) finished Wednesday with a subtraction of -$1.06 to close at $25.71, a downside of -3.96 percent. An average of 1,282,700 shares of common stock have been traded in the last five days. There was a gain of $3.14 in the past week. The last 20 days have seen an average of 1,073,275 shares traded, while the 50-day average volume stands at 802,876.

NOG stock has increased by 45.50% in the last month. The company shares reached their 1-month lowest point of $16.42 on 09/20/21. With the stock rallying to its 52-week high on 10/12/21, shares of the company touched a low of $3.35 and a high of $27.87 in 52 weeks. In spite of this, the price is down -7.75% from the 52-week high.


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Insider Transactions

308 days have passed since Northern Oil and Gas Inc. (NOG) last reported insider trading activity. Akradi Bahram, who is Director, most recently acquired $130,000 shares at $9.60 per share on Dec 10. In this transaction, the insider spent $1,247,402. Director, Akradi Bahram, disposed of 130,000 shares at a price of $9.05 on Dec 09. The insider now owns more than $1,176,812 worth of shares.

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 19.70 for the sector. In the last five years, Northern Oil and Gas Inc.’s PE ratio has ranged between 68.33 and 0.7306. The stock’s beta is 2.46. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 11.22, and the price-to-cash flow ratio at 5.40.

Northern Oil and Gas Inc. will next go ex-dividend on 30-Dec. The next dividend payment Northern Oil and Gas Inc. will make is expected to be $0.045.

The quick ratio of Northern Oil and Gas Inc. for the three months ended June 29 was 0.50, and the current ratio was 0.50, indicating that the company is not able to meet its debt obligations. On the profitability front, the trailing 12-month gross margin is -23.50% against a 5-year average of 31.8%. Northern Oil and Gas Inc.’s EBITDA margin for the year ending June 29 is 49.19%. Its gross profit as reported stood at $406.09 million compared to revenue of $552.21 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Northern Oil and Gas Inc.’s return on assets was -59.20%, compared to -22.0% over the last five years.

Earnings Surprise

The analyst consensus anticipated Northern Oil and Gas Inc.’s latest quarter earnings to come in at $0.71 per share, but it turned out to be $0.92, a 29.60% surprise. For the quarter, EBITDA amounted to -$43.16 million. Shareholders own equity worth $66.17 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Northern Oil and Gas Inc. (NOG) price momentum. RSI 9-day as of the close on 13 October was 68.48%, suggesting the stock is Neutral, with historical volatility in this time frame at 83.80%.

As of today, NOG’s price is $25.91 +13.91% or $3.14 from its 5-day moving average. NOG is currently trading +38.90% higher than its 20-day SMA and +52.85% higher than its 100-day SMA. However, the stock’s current price level is +55.72% above the SMA50 and +190.51% above the SMA200.

The stochastic %K and %D were 87.26% and 92.71%, respectively, and the average true range (ATR) was 1.42. With the 14-day stochastic at 77.26% and the average true range at 1.29, the RSI (14) stands at 69.22%. The stock has reached 1.49 on the 9-day MACD Oscillator while the 14-day reading was at 2.97.

Analyst Ratings

Piper Sandler upgraded Northern Oil and Gas Inc. (AMEX: NOG) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a a Neutral.The consensus rating for Northern Oil and Gas Inc. (NOG) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NOG, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 10 others rate it as a “buy”.

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

Analysts predict a range of price targets between $22.00 and $38.00, with a median target of $28.00. Taking a look at these predictions, the average price target given by analysts for Northern Oil and Gas Inc. (NOG) stock is $29.33.

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