On Tuesday, Northern Oil and Gas Inc. (NYSE: NOG) opened higher 1.04% from the last session, before settling in for the closing price of $37.68. Price fluctuations for NOG have ranged from $31.13 to $43.75 over the past 52 weeks.
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During the last 5-year period, the sales growth of Energy Sector giant was 55.24%. Company’s average yearly earnings per share was noted -22.27% at the time writing. With a float of $93.70 million, this company’s outstanding shares have now reached $100.76 million.
Let’s determine the extent of company efficiency that accounts for 38 employees.
Northern Oil and Gas Inc. (NOG) Insider Activity
A key investor’s attitude towards the stock of the Oil & Gas E&P industry is another important factor to consider. The insider ownership of Northern Oil and Gas Inc. is 7.28%, while institutional ownership is 102.15%. The most recent insider transaction that took place on Jul 01 ’24, was worth 52,722. In this transaction President of this company sold 1,392 shares at a rate of $37.88, taking the stock ownership to the 107,628 shares. Before that another transaction happened on Jul 01 ’24, when Company’s President sold 204 for $37.88, making the entire transaction worth $7,726. This insider now owns 17,727 shares in total.
Northern Oil and Gas Inc. (NOG) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 3/31/2024, the company posted 1.49 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 1.35) by 0.14. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.32 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -22.27% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -4.80% during the next five years compared to 10.56% growth over the previous five years of trading.
Northern Oil and Gas Inc. (NYSE: NOG) Trading Performance Indicators
Check out the current performance indicators for Northern Oil and Gas Inc. (NOG). In the past quarter, the stock posted a quick ratio of 0.96. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.16.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.17, a number that is poised to hit 1.31 in the next quarter and is forecasted to reach 5.89 in one year’s time.
Technical Analysis of Northern Oil and Gas Inc. (NOG)
Looking closely at Northern Oil and Gas Inc. (NYSE: NOG), its last 5-days average volume was 2.44 million, which is a jump from its year-to-date volume of 1.3 million. As of the previous 9 days, the stock’s Stochastic %D was 46.07%. Additionally, its Average True Range was 0.94.
During the past 100 days, Northern Oil and Gas Inc.’s (NOG) raw stochastic average was set at 51.91%, which indicates a significant decrease from 59.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.29% in the past 14 days, which was lower than the 25.64% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $39.52, while its 200-day Moving Average is $37.93. However, in the short run, Northern Oil and Gas Inc.’s stock first resistance to watch stands at $38.42. Second resistance stands at $38.78. The third major resistance level sits at $39.07. If the price goes on to break the first support level at $37.77, it is likely to go to the next support level at $37.48. Should the price break the second support level, the third support level stands at $37.12.
Northern Oil and Gas Inc. (NYSE: NOG) Key Stats
There are currently 101,055K shares outstanding in the company with a market cap of 3.85 billion. Presently, the company’s annual sales total 2,166 M according to its annual income of 922,970 K. Last quarter, the company’s sales amounted to 396,350 K and its income totaled 11,610 K.
