Northern Oil and Gas Inc. (NYSE: NOG) is 16.51% higher on its value in year-to-date trading and has touched a low of $31.13 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 $40.64 in the last trading session, with the day’s gains setting it 2.55%.
Currently trading at $43.19, the stock is 8.80% and 10.71% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.99 million and changing 6.27% at the moment leaves the stock 13.79% off its SMA200. NOG registered 9.70% gain for a year compared to 6-month gain of 23.05%.
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The stock witnessed a 14.62% loss in the last 1 month and extending the period to 3 months gives it a 5.88%, and is 13.06% 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 4.03% over the week and 2.88% over the month.
Northern Oil and Gas Inc. (NOG) has around 38 employees, a market worth around $4.36B and $1.92B in sales. Current P/E ratio is 7.65 and Fwd P/E is 7.09. Profit margin for the company is 29.38%. Distance from 52-week low is 38.74% and -1.28% from its 52-week high. The company has generated returns on investments over the last 12 months (14.33%).
The EPS is expected to shrink by -21.07% this year
The shares outstanding are 100.76M, and float is at 93.69M with Short Float at 14.33%.
Northern Oil and Gas Inc. (NOG) Insider Activity
Northern Oil and Gas Inc. disclosed in a document filed with the SEC on Jul 08 ’24 that O’GRADY NICHOLAS L. (CEO) sold a total of 3,750 shares of the company’s common stock. The trade occurred on Jul 08 ’24 and was made at $38.01 per share for $0.14 million. Following the transaction, the insider now directly holds 0.22 million shares of the NOG stock.
Still, SEC filings show that on Jul 01 ’24, Dirlam Adam A. (President) disposed off 1,392 shares at an average price of $37.88 for $52722.0. The insider now directly holds 107,628 shares of Northern Oil and Gas Inc. (NOG).
