Northern Oil and Gas Inc (NYSE: NOG) is -14.13% lower on its value in year-to-date trading and has touched a low of $31.78 and a high of $44.31 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NOG stock was last observed hovering at around $32.08 in the last trading session, with the day’s loss setting it -0.17%.
Currently trading at $31.91, the stock is -8.60% and -13.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.24 million and changing -0.53% at the moment leaves the stock -16.88% off its SMA200. NOG registered -7.99% loss for a year compared to 6-month loss of -20.60%.
The stock witnessed a -14.77% gain in the last 1 month and extending the period to 3 months gives it a -26.13%, and is -9.81% 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 3.51% over the week and 3.26% over the month.
Northern Oil and Gas Inc (NOG) has around 49 employees, a market worth around $3.16B and $2.16B in sales. Current P/E ratio is 6.20 and Fwd P/E is 6.57. Profit margin for the company is 24.05%. Distance from 52-week low is 0.41% and -27.98% from its 52-week high. The company has generated returns on investments over the last 12 months (11.09%).
The EPS is expected to shrink by -9.58% this year
The shares outstanding are 99.11M, and float is at 91.81M with Short Float at 17.77%.
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 Romslo Erik J., the company’s Chief Legal Officer & Sec. SEC filings show that Romslo Erik J. sold 1,500 shares of the company’s common stock on Feb 03 ’25 at a price of $35.63 per share for a total of $53451.0. Following the sale, the insider now owns 96394.0 shares.
Northern Oil and Gas Inc disclosed in a document filed with the SEC on Jan 10 ’25 that Allen Chad W (CFO) sold a total of 500 shares of the company’s common stock. The trade occurred on Jan 10 ’25 and was made at $40.33 per share for $20165.0. Following the transaction, the insider now directly holds 75814.0 shares of the NOG stock.
Still, SEC filings show that on Jan 06 ’25, Dirlam Adam A. (President) disposed off 836 shares at an average price of $39.00 for $32604.0. The insider now directly holds 96,223 shares of Northern Oil and Gas Inc (NOG).
