Northern Oil and Gas Inc. (NYSE: NOG) is 8.42% higher on its value in year-to-date trading and has touched a low of $31.13 and a high of $43.80 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 $39.61 in the last trading session, with the day’s gains setting it 0.58%.
Currently trading at $40.19, the stock is 3.52% and 3.56% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.91 million and changing 1.46% at the moment leaves the stock 6.02% off its SMA200. NOG registered 0.88% gain for a year compared to 6-month gain of 15.89%.
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The stock witnessed a 0.00% loss in the last 1 month and extending the period to 3 months gives it a 1.62%, and is 3.13% 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 2.70% over the week and 3.17% over the month.
Northern Oil and Gas Inc. (NOG) has around 38 employees, a market worth around $4.03B and $1.92B in sales. Current P/E ratio is 7.12 and Fwd P/E is 6.24. Profit margin for the company is 29.38%. Distance from 52-week low is 29.10% and -8.24% from its 52-week high. The company has generated returns on investments over the last 12 months (14.33%).
with sales reaching $565.8M over the same period.The EPS is expected to shrink by -16.79% this year, but quarterly earnings will post 2.70% year-over-year. Quarterly sales are estimated to grow 80.20% in year-over-year returns.
Northern Oil and Gas Inc. (NOG) Top Institutional Holders
446.0 institutions hold shares in Northern Oil and Gas Inc. (NOG), with institutional investors hold 116.66% of the company’s shares. The shares outstanding are 100.76M, and float is at 92.78M with Short Float at 14.91%. Institutions hold 108.06% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 14.28 million shares valued at $530.85 million. The investor’s holdings represent 14.2436% of the NOG Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 10.64 million shares valued at $395.49 million to account for 10.6116 of the shares outstanding. The other top investors are FMR LLC which holds 10.43 million shares representing 10.4007% and valued at over $387.62 million, while AMERICAN CENTURY COMPANIES INC holds 5.5517 of the shares totaling 5.57 million with a market value of $206.91 million.
Northern Oil and Gas Inc. (NOG) Insider Activity
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Northern Oil and Gas Inc. disclosed in a document filed with the SEC on Jul 31 ’24 that Romslo Erik J. (Chief Legal Officer & Sec.) sold a total of 522 shares of the company’s common stock. The trade occurred on Jul 31 ’24 and was made at $43.80 per share for $22864.0. Following the transaction, the insider now directly holds 0.1 million shares of the NOG stock.
Still, SEC filings show that on Aug 01 ’24, Dirlam Adam A. (President) disposed off 1,392 shares at an average price of $43.22 for $60162.0. The insider now directly holds 106,236 shares of Northern Oil and Gas Inc. (NOG).
