Northern Oil and Gas Inc (NYSE: NOG) is 17.24% 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 $43.13 in the last trading session, with the day’s gains setting it 0.33%.
Currently trading at $43.46, the stock is 7.22% and 12.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing 0.77% at the moment leaves the stock 12.18% off its SMA200. NOG registered 16.99% gain for a year compared to 6-month loss of 8.49%. The firm has a 50-day simple moving average (SMA 50) of $38.735 and a 200-day simple moving average (SMA200) of $38.74255.
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The stock witnessed a 20.66% gain in the last 1 month and extending the period to 3 months gives it a 7.81%, and is 4.55% 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 2.26% over the week and 2.65% over the month.
Northern Oil and Gas Inc (NOG) has around 38 employees, a market worth around $4.37B and $1.93B in sales. Current P/E ratio is 5.22 and Fwd P/E is 8.04. Profit margin for the company is 43.50%. Distance from 52-week low is 39.61% and -0.78% from its 52-week high. The company has generated returns on investments over the last 12 months (19.63%).
Northern Oil and Gas Inc quarterly earnings per share for the current quarter are estimated at 1.3 with sales reaching $597.79M over the same period.The EPS is expected to shrink by -19.06% this year, but quarterly earnings will post 19.78% year-over-year. Quarterly sales are estimated to grow 10.01% in year-over-year returns.
455.0 institutions hold shares in Northern Oil and Gas Inc (NOG), with institutional investors hold 121.40% of the company’s shares. The shares outstanding are 100.76M, and float is at 92.47M with Short Float at 16.17%. Institutions hold 112.43% 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
The most recent transaction is an insider sale by Allen Chad W, the company’s CFO. SEC filings show that Allen Chad W sold 500 shares of the company’s common stock on Nov 06 ’24 at a price of $40.20 per share for a total of $20100.0. Following the sale, the insider now owns 82792.0 shares.
Northern Oil and Gas Inc disclosed in a document filed with the SEC on Nov 06 ’24 that Dirlam Adam A. (President) sold a total of 1,672 shares of the company’s common stock. The trade occurred on Nov 06 ’24 and was made at $40.20 per share for $67214.0. Following the transaction, the insider now directly holds 0.11 million shares of the NOG stock.
Still, SEC filings show that on Nov 06 ’24, Dirlam Adam A. (President) disposed off 244 shares at an average price of $40.20 for $9809.0. The insider now directly holds 16,547 shares of Northern Oil and Gas Inc (NOG).
