Northern Oil and Gas Inc. (NYSE: NOG) kicked off on May 19, 2023, at the price of $31.45, up 0.71% from the previous trading day. During the day, the shares moved up to $31.75 and dropped to $30.87 before settling in for the closing price of $30.96. Over the past 52 weeks, NOG has traded in a range of $21.45-$39.10.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Energy sector company grew by 49.60% over the past five years. While this was happening, its average annual earnings per share was recorded 18.10%. With a float of $59.80 million, this company’s outstanding shares have now reached $84.92 million.
Let’s look at the performance matrix of the company that is accounted for 33 employees.
Northern Oil and Gas Inc. (NOG) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas E&P Industry. The insider ownership of Northern Oil and Gas Inc. is 12.70%, while institutional ownership is 81.50%. The most recent insider transaction that took place on Nov 15, was worth 7,514,969. In this transaction Former 10% Owners of this company sold 196,830 shares at a rate of $38.18, taking the stock ownership to the 7,796,757 shares. Before that another transaction happened on Nov 14, when Company’s Director sold 55,000 for $38.31, making the entire transaction worth $2,106,819. This insider now owns 1,696,353 shares in total.
Northern Oil and Gas Inc. (NOG) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 3/30/2023, the organization reported $1.76 earnings per share (EPS), higher than consensus estimate (set at $1.69) by $0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.98 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 18.10% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.90% during the next five years compared to 48.60% growth over the previous five years of trading.
Northern Oil and Gas Inc. (NYSE: NOG) Trading Performance Indicators
Take a look at Northern Oil and Gas Inc.’s (NOG) current performance indicators. Last quarter, stock had a quick ratio of 1.10. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.21.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 15.03, a number that is poised to hit 1.66 in the next quarter and is forecasted to reach 8.21 in one year’s time.
Technical Analysis of Northern Oil and Gas Inc. (NOG)
Northern Oil and Gas Inc. (NYSE: NOG) saw its 5-day average volume 3.1 million, a positive change from its year-to-date volume of 1.69 million. As of the previous 9 days, the stock’s Stochastic %D was 34.51%. Additionally, its Average True Range was 1.23.
During the past 100 days, Northern Oil and Gas Inc.’s (NOG) raw stochastic average was set at 54.43%, which indicates a significant increase from 45.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.08% in the past 14 days, which was lower than the 45.28% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $31.21, while its 200-day Moving Average is $31.87. Nevertheless, the first resistance level for the watch stands at $31.66 in the near term. At $32.15, the stock is likely to face the second major resistance level. The third major resistance level sits at $32.54. If the price goes on to break the first support level at $30.78, it is likely to go to the next support level at $30.39. Assuming the price breaks the second support level, the third support level stands at $29.90.
Northern Oil and Gas Inc. (NYSE: NOG) Key Stats
The company with the Market Capitalisation of 2.64 billion has total of 85,364K Shares Outstanding. Its annual sales at the moment are 1,571 M in contrast with the sum of 773,240 K annual income. Company’s last quarter sales were recorded 582,210 K and last quarter income was 340,190 K.
