Northern Oil and Gas Inc. (NYSE:NOG) stock went on a downward path that fall over -3.61% on Monday, amounting to a one-week price decrease of more than -3.03%. Over the last 12 months, NOG stock dropped by -26.61%. The one-year NOG stock forecast points to a potential downside of -1.38, with the average price target set at $3.78 per share. The average equity rating for NOG stock is currently 1.80, trading closer to a bullish pattern in the stock market.
The market cap for NOG stock reached $657.06 million, with 410.66 million shares outstanding and 273.93 million shares in the current float. Compared to the average trading volume of 6.41M shares, NOG reached a trading volume of 5334502 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Northern Oil and Gas Inc. (NOG):
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NOG shares is $3.81 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NOG stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Imperial Capital have made an estimate for Northern Oil and Gas Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on December 20, 2019. While these analysts kept the previous recommendation, Imperial Capital dropped their target price from $4 to $3. The new note on the price target was released on January 23, 2019, representing the official price target for Northern Oil and Gas Inc. stock.
The Average True Range (ATR) for Northern Oil and Gas Inc. is set at 0.10, with the Price to Sales ratio for NOG stock in the period of the last 12 months amounting to 0.77. The Price to Book ratio for the last quarter was 1.23, with the Price to Cash per share for the same quarter was set at 0.00. Price to Free Cash Flow for NOG in the course of the last twelve months was 1.70 with Quick ratio for the last quarter at 0.70.
NOG Stock Performance Analysis:
Northern Oil and Gas Inc. (NOG) fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.03. With this latest performance, NOG shares dropped by -25.23% in over the last four-week period, additionally sinking by -5.88% over the last 6 months – not to mention a drop of -26.61% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NOG stock in for the last two-week period is set at 36.48, with the RSI for the last a single of trading hit 31.83, and the three-weeks RSI is set at 37.13 for Northern Oil and Gas Inc. (NOG). The present Moving Average for the last 50 days of trading for this stock 1.94, while it was recorded at 1.66 for the last single week of trading, and 1.96 for the last 200 days.
Insight into Northern Oil and Gas Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Northern Oil and Gas Inc. (NOG) shares currently have an operating margin of +50.13 and a Gross Margin at +53.08. Northern Oil and Gas Inc.’s Net Margin is presently recorded at +29.09.
Return on Total Capital for NOG is now 28.32, given the latest momentum, and Return on Invested Capital for the company is 16.44. Return on Equity for this stock N/A to N/A, with Return on Assets sitting at 13.45. When it comes to the capital structure of this company, Northern Oil and Gas Inc. (NOG) has a Total Debt to Total Equity ratio set at 193.13. Additionally, NOG Total Debt to Total Capital is recorded at 65.89, with Total Debt to Total Assets ending up at 55.21. Long-Term Debt to Equity for the company is recorded at 193.13, with the Long-Term Debt to Total Capital now at 65.89.
Reflecting on the efficiency of the workforce at the company, Northern Oil and Gas Inc. (NOG) managed to generate an average of $7,184,462 per employee. Receivables Turnover for the company is 6.80 with a Total Asset Turnover recorded at a value of 0.46. Northern Oil and Gas Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.70.
NOG Stock EPS
With the latest financial reports released by the company, Northern Oil and Gas Inc. posted 0.25/share EPS, while the average EPS was predicted by analysts to be reported at 0.14/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 78.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NOG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Northern Oil and Gas Inc. go to 5.00%.
Northern Oil and Gas Inc. (NOG) Insider Position Details
There are presently around $347 million, or 55.80% of NOG stock, in the hands of institutional investors. The top three institutional holders of NOG stocks are: ANGELO GORDON & CO LP with ownership of 31,804,525, which is approximately 184.235% of the company’s market cap and around 5.40% of the total institutional ownership; FMR LLC, holding 27,946,295 shares of the stock with an approximate value of $46.39 million in NOG stocks shares; and BLACKROCK INC., currently with $34.22 million in NOG stock with ownership of nearly 4.492% of the company’s market capitalization.
Positions in Northern Oil and Gas Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 89 institutional holders increased their position in Northern Oil and Gas Inc. (NYSE:NOG) by around 60,862,743 shares. Additionally, 65 investors decreased positions by around 37,534,299 shares, while 29 investors held positions by with 110,747,200 shares. The mentioned changes placed institutional holdings at 209,144,242 shares, according to the latest SEC report filing. NOG stock had 25 new institutional investments in for a total of 9,582,685 shares, while 23 institutional investors sold positions of 9,620,252 shares during the same period.