Northern Oil and Gas Inc (NYSE: NOG) is -36.18% 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 $27.24 in the last trading session, with the day’s loss setting it -0.66%.
Currently trading at $26.58, the stock is -8.54% and -8.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.35 million and changing -2.42% at the moment leaves the stock -19.93% off its SMA200. NOG registered -28.47% loss for a year compared to 6-month loss of -36.82%. The firm has a 50-day simple moving average (SMA 50) of $28.8624 and a 200-day simple moving average (SMA200) of $33.24155.
The stock witnessed a -14.97% gain in the last 1 month and extending the period to 3 months gives it a 9.88%, and is -9.53% 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 4.18% over the week and 3.64% over the month.
Northern Oil and Gas Inc (NOG) has around 49 employees, a market worth around $2.62B and $2.21B in sales. Current P/E ratio is 4.14 and Fwd P/E is 7.54. Profit margin for the company is 29.32%. Distance from 52-week low is 33.70% and -40.01% from its 52-week high. The company has generated returns on investments over the last 12 months (13.74%).
The EPS is expected to shrink by -17.43% this year.
Northern Oil and Gas Inc (NOG) Top Institutional Holders
489.0 institutions hold shares in Northern Oil and Gas Inc (NOG), with institutional investors hold 127.20% of the company’s shares. The shares outstanding are 98.70M, and float is at 95.82M with Short Float at 19.94%. Institutions hold 117.60% 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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Still, SEC filings show that on Mar 07 ’25, O’GRADY NICHOLAS L. (CEO) acquired 1,000 shares at an average price of $27.48 for $27480.0. The insider now directly holds 226,189 shares of Northern Oil and Gas Inc (NOG).
