A Look At Insider Reactions To Northern Oil and Gas Inc. (NOG)

As of Wednesday close, Northern Oil and Gas Inc.’s (NYSE:NOG) stock was down -$3.56, moving down -11.54 percent to $27.28. The average number of shares traded per day over the past five days has been 2,300,960 shares. 1 time new highs have been achieved over the past 5 days, with a -$7.12 fall in that time frame. In the last twenty days, the average volume was 1,628,610, while in the previous 50 days, it was 1,194,962.

Since last month, NOG stock retreated -1.27%. Shares of the company fell to $27.13 on 05/23/22, the lowest level in the past month. A 52-week high of $39.10 was reached on 06/08/22 after having rallying from a 52-week low of $14.03. Since the beginning of this year, NOG’s stock price has risen by 32.56% or $6.70, and marked a new high 25 times. However, the stock has declined by -30.23% since its 52-week high.

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Northern Oil and Gas Inc. (NOG) last reported insider trading activity 20 days ago on Jun 03. Rowling Robert B., the 10% Owner of the company, disposed of 117,860 shares for $33.01 on Jun 03. It resulted in a $3,890,559 divestment by the insider. Rowling Robert B. sold 182,140 shares at an average price of $32.94 on Jun 02. The insider now owns 8,381,579 shares following the transaction. On Jun 01, 10% Owner Rowling Robert B. sold 400,000 shares at $33.26 apiece. The transaction was valued at $13,304,108.

Financial Health

In the three months ended March 30, Northern Oil and Gas Inc.’s quick ratio stood at 0.50, while its current ratio was 0.50, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 34.70% percent. Based on annual data, NOG earned $249.13 million in gross profit and brought in $496.9 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 6.30%. Return on equity (ROE) for the past 12 months was 379.90%.

In Northern Oil and Gas Inc.’s quarter-end financial report for March 30, it reported total debt of $1.12 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. NOG’s revenue rose 164.99% to $319.19 million during the quarter, while net income inched up to -$32.93 million. While analysts expected Northern Oil and Gas Inc. to report $1.27 quarterly earnings, the actual figure was $1.58 per share, beating the consensus estimate by 24.40%. During the quarter, the company generated -$135.35 million in EBITDA. The liabilities of Northern Oil and Gas Inc. were 2.06 billion at the end of its most recent quarter ended March 30. The value of shareholders’ equity is $77.33 million.

Technical Picture

This quick technical analysis looks at Northern Oil and Gas Inc.’s (NOG) price momentum. With a historical volatility rate of 116.77%, the RSI 9-day stood at 33.57% on 22 June.

With respect to its five-day moving average, the current Northern Oil and Gas Inc. price is down by -20.70% percent or -$7.12. At present, NOG shares trade -5.87% below its 20-day simple moving average and +21.35% percent above its 100-day simple moving average. However, the stock is currently trading approximately -4.95% below its SMA50 and +56.24% above its SMA200.

Stochastic coefficient K was 10.04% and Stochastic coefficient D was 8.33%, while ATR was 2.64. Given the Stochastic reading of 0.42% for the 14-day period, the RSI (14) reading has been calculated as 39.04%. As of today, the MACD Oscillator reading stands at -4.30, while the 14-day reading stands at -4.95.

Analyst Ratings

Johnson Rice upgraded its rating on Northern Oil and Gas Inc. (NYSE: NOG) to a Buy in a note to investors on March 15, 2022. The analysts firm previously had a Accumulate rating on the stock.Northern Oil and Gas Inc. (NOG) has been rated Buy by analysts. According to 0 brokerage firms, NOG is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Northern Oil and Gas Inc. stock as buy, with 9 recommending it as overweight.

With a median target price of $41.00, the current consensus forecast for the stock is $30.00 – $71.00. Based on these forecasts, analysts predict Northern Oil and Gas Inc. (NOG) will achieve an average price target of $44.92.


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