Northern Oil and Gas Inc (NYSE: NOG) is -33.37% lower on its value in year-to-date trading and has touched a low of $19.88 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 $24.80 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $24.76, the stock is 2.80% and -11.36% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.23 million and changing -0.16% at the moment leaves the stock -31.03% off its SMA200. NOG registered -42.50% loss for a year compared to 6-month loss of -33.57%. The firm has a 50-day simple moving average (SMA 50) of $27.934 and a 200-day simple moving average (SMA200) of $35.90155.
The stock witnessed a -17.88% gain in the last 1 month and extending the period to 3 months gives it a -33.87%, and is 5.09% 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 3.63% over the week and 7.18% over the month.
Northern Oil and Gas Inc (NOG) has around 49 employees, a market worth around $2.45B and $2.16B in sales. Current P/E ratio is 4.81 and Fwd P/E is 6.33. Profit margin for the company is 24.05%. Distance from 52-week low is 24.55% and -44.12% from its 52-week high. The company has generated returns on investments over the last 12 months (11.09%).
with sales reaching $537.2M over the same period.The EPS is expected to shrink by -16.50% this year, but quarterly earnings will post 3.72% year-over-year. Quarterly sales are estimated to shrink -4.25% in year-over-year returns.
Northern Oil and Gas Inc (NOG) Top Institutional Holders
510.0 institutions hold shares in Northern Oil and Gas Inc (NOG), with institutional investors hold 124.52% of the company’s shares. The shares outstanding are 99.11M, and float is at 95.97M with Short Float at 21.24%. Institutions hold 115.14% 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 purchase by O’GRADY NICHOLAS L., the company’s CEO. SEC filings show that O’GRADY NICHOLAS L. bought 1,000 shares of the company’s common stock on Mar 07 ’25 at a price of $27.48 per share for a total of $27480.0. Following the purchase, the insider now owns 0.23 million shares.
Northern Oil and Gas Inc disclosed in a document filed with the SEC on Mar 04 ’25 that Lasher Stuart G. (Director) bought a total of 20,000 shares of the company’s common stock. The trade occurred on Mar 04 ’25 and was made at $27.62 per share for $0.55 million. Following the transaction, the insider now directly holds 40000.0 shares of the NOG stock.
Still, SEC filings show that on Mar 04 ’25, Akradi Bahram (Director) acquired 40,000 shares at an average price of $28.03 for $1.12 million. The insider now directly holds 1,662,016 shares of Northern Oil and Gas Inc (NOG).
