Northern Oil and Gas Inc. (NYSE: NOG) is 7.72% higher on its value in year-to-date trading and has touched a low of $29.57 and a high of $43.75 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 $40.96 in the last trading session, with the day’s loss setting it -1.03%.
Currently trading at $39.93, the stock is -2.26% and -1.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.27 million and changing -2.51% at the moment leaves the stock 4.09% off its SMA200. NOG registered 25.17% gain for a year compared to 6-month gain of 6.68%.
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The stock witnessed a -7.38% loss in the last 1 month and extending the period to 3 months gives it a 15.37%, and is -0.75% down 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 1.86% over the week and 2.34% over the month.
Northern Oil and Gas Inc. (NOG) has around 38 employees, a market worth around $4.04B and $1.78B in sales. Current P/E ratio is 6.47 and Fwd P/E is 6.94. Profit margin for the company is 33.43%. Distance from 52-week low is 35.04% and -8.73% from its 52-week high. The company has generated returns on investments over the last 12 months (15.08%).
The EPS is expected to shrink by -21.50% this year
The shares outstanding are 100.76M, and float is at 93.68M with Short Float at 11.38%.
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 1,392 shares of the company’s common stock on May 01 ’24 at a price of $40.99 per share for a total of $57058.0. 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 May 01 ’24 that Dirlam Adam A. (President) sold a total of 204 shares of the company’s common stock. The trade occurred on May 01 ’24 and was made at $40.99 per share for $8362.0. Following the transaction, the insider now directly holds 18135.0 shares of the NOG stock.
Still, SEC filings show that on Apr 09 ’24, Evans James B. (Chief Technical Officer) disposed off 3,150 shares at an average price of $42.00 for $0.13 million. The insider now directly holds 73,753 shares of Northern Oil and Gas Inc. (NOG).
