What Northern Oil and Gas Inc. (NOG) Insiders Are Up To

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Northern Oil and Gas Inc. (NYSE:NOG) finished Wednesday with a subtraction of -$1.98 to close at $30.06, a downside of -6.18 percent. An average of 978,980 shares of common stock have been traded in the last five days. There was a fall of -$0.74 in the past week, and it reached a new high 26 times over the past 12 months. The last 20 days have seen an average of 1,247,955 shares traded, while the 50-day average volume stands at 1,432,628.

NOG stock has decreased by -13.40% in the last month. The company shares reached their 1-month lowest point of $29.45 on 12/22/22. With the stock rallying to its 52-week high on 06/08/22, shares of the company touched a low of $19.75 and a high of $39.10 in 52 weeks. It has reached a new high 25 times so far this year and achieved 46.06% or $9.48 in price. In spite of this, the price is down -23.12% from the 52-week high.


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Insider Transactions

NOG stock investors should be aware that Northern Oil and Gas Inc. (NOG) stock had its last reported insider trading activity 44 days ago on Nov 15. In this transaction, the insider spent $7,514,969. Former 10% Owners, Rowling Robert B., disposed of 9,132 shares at a price of $38.38 on Nov 14. The insider now owns more than $350,486 worth of shares. Prior to that, Director Akradi Bahram went on to Sale 55,000 shares at $38.31 each on Nov 14. An amount of $2,106,819 was transacted.

Valuation Metrics

Northern Oil and Gas Inc. (NOG) has a trailing price-to-earnings (P/E) ratio of 3.35. The stock’s beta is 1.99. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.47, the price-to-book (PB) ratio at 3.33, and the price-to-cash flow ratio at 3.04.

The company has a payout ratio of 6.60%. The company’s most recent quarterly dividend payment was $0.30 a share, representing a up of 20.0% from $0.25 last year. Its latest increase dividend $0.05 reported on Thursday November 3 2022.

Financial Health

The quick ratio of Northern Oil and Gas Inc. for the three months ended September 29 was 1.00, and the current ratio was 1.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.65 and a total debt to equity ratio of 0.00 for the quarter ending September 29. Its gross profit as reported stood at $249.13 million compared to revenue of $496.9 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 37.30%.

Earnings Surprise

For the three-month period that ended September 29, Northern Oil and Gas Inc. had $1.17 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $580.86 million in the quarter, while revenues were grew 98.46%. The analyst consensus anticipated Northern Oil and Gas Inc.’s latest quarter earnings to come in at $1.71 per share, but it turned out to be $1.8, a 5.30% surprise. For the quarter, EBITDA amounted to $671.23 million. Shareholders own equity worth $77.87 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 28 December was 37.01%, suggesting the stock is Neutral, with historical volatility in this time frame at 55.71%.

As of today, NOG’s price is $31.16 -2.40% or -$0.74 from its 5-day moving average. NOG is currently trading -15.85% lower than its 20-day SMA and +12.33% higher than its 100-day SMA. However, the stock’s current price level is -9.70% below the SMA50 and +26.09% above the SMA200.

The stochastic %K and %D were 41.33% and 43.78%, respectively, and the average true range (ATR) was 1.57. With the 14-day stochastic at 14.19% and the average true range at 1.60, the RSI (14) stands at 39.05%. The stock has reached 0.02 on the 9-day MACD Oscillator while the 14-day reading was at -0.23.

Analyst Ratings

Jefferies launched coverage on Northern Oil and Gas Inc. (NYSE: NOG) in its analyst report released on October 19, 2022. The firm assigned the stock a Buy rating. 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 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 11 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 $30.00 and $64.00, with a median target of $47.00. Taking a look at these predictions, the average price target given by analysts for Northern Oil and Gas Inc. (NOG) stock is $50.15.

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