Northern Oil and Gas Inc. (NYSE: NOG) is 1.08% higher on its value in year-to-date trading and has touched a low of $25.56 and a high of $43.64 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NOG stock was last observed hovering at around $37.31 in the last trading session, with the day’s gains setting it 0.16%.
Currently trading at $37.47, the stock is 6.12% and 8.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing 0.43% at the moment leaves the stock 1.54% off its SMA200. NOG registered 28.50% gain for a year compared to 6-month loss of -8.68%. The firm has a 50-day simple moving average (SMA 50) of $2.94 and a 200-day simple moving average (SMA200) of $3.46.
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The stock witnessed a 14.24% gain in the last 1 month and extending the period to 3 months gives it a 7.39%, and is 3.94% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.74% over the week and 2.37% over the month.
Northern Oil and Gas Inc. (NOG) has around 38 employees, a market worth around $3.78B and $1.67B in sales. Current P/E ratio is 3.73 and Fwd P/E is 6.25. Profit margin for the company is 55.22%. Distance from 52-week low is 46.59% and -14.14% from its 52-week high. The company has generated returns on investments over the last 12 months (23.77%).
Northern Oil and Gas Inc. quarterly earnings per share for the current quarter are estimated at $1.12 with sales reaching $504.22M over the same period.The EPS is expected to shrink by -15.89% this year, but quarterly earnings will post 0.30% year-over-year. Quarterly sales are estimated to grow 18.30% in year-over-year returns.
431 institutions hold shares in Northern Oil and Gas Inc. (NOG), with institutional investors hold 109.68% of the company’s shares. The shares outstanding are 100.76M, and float is at 93.45M with Short Float at 11.72%. Institutions hold 101.58% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 11.96 million shares valued at $410.6 million. The investor’s holdings represent 12.86% of the NOG Shares outstanding. As of Jun 29, 2023, the second largest holder is FMR, LLC with 7.15 million shares valued at $245.48 million to account for 7.69% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 6.12 million shares representing 6.58% and valued at over $210.18 million, while State Street Corporation holds 4.75% of the shares totaling 4.42 million with a market value of $151.8 million.
Northern Oil and Gas Inc. (NOG) Insider Activity
The most recent transaction is an insider sale by Dirlam Adam A., the company’s President. SEC filings show that Dirlam Adam A. sold 696 shares of the company’s common stock on Mar 01 ’24 at a price of $36.12 per share for a total of $25140.0. Following the sale, the insider now owns 0.11 million shares.
Northern Oil and Gas Inc. disclosed in a document filed with the SEC on Mar 01 ’24 that Evans James B. (Chief Technical Officer) sold a total of 315 shares of the company’s common stock. The trade occurred on Mar 01 ’24 and was made at $36.12 per share for $11378.0. Following the transaction, the insider now directly holds 77616.0 shares of the NOG stock.
Still, SEC filings show that on Mar 01 ’24, Dirlam Adam A. (President) disposed off 102 shares at an average price of $36.12 for $3684.0. The insider now directly holds 13,924 shares of Northern Oil and Gas Inc. (NOG).
