On November 29, 2019, Northern Oil and Gas, Inc. (NYSE:NOG) shares lost -3.26% or -0.06 points to close at $1.78 with a thin trading volume of 1.669 million shares. It opened the trading session at $1.81, the shares rose to $1.84 and dropped to $1.77, the range by which the price of stock traded the whole day. The company now has a market cap of $715 million and currently has 401.63 million outstanding shares. Northern Oil and Gas, Inc. (NOG) stock has plunged -8.72 percent of market value in 21 trading days.
NOG stock’s trailing 3-year beta is 1.88, meaning there will be a greater rate of return, although posing a higher risk. The part of a firm’s profit given to each outstanding share of regular stock was $0.64 share in the trailing 52 weeks. The stock’s value fallen -21.24 percent year to date (YTD) compared to a decline of -32.83 percent in 52 week’s period. The firm’s shares are still trading -39.46 percent below its 1-year high of $2.94 and 26.69 percent up from 52-week low of $1.40. The average consensus ranking on the company is 0, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a buy.
Northern Oil and Gas, Inc. (NOG) is most likely going to rise 92.13 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $5.6-month high price target. This represents a whopping 214.61 percent increase from the current trading of shares. The 52-week median price target given by the analysts is $3, which means a return possibility of 68.54 percent in comparison with the closing price of the stock of $1.78 on November 29. The lowest price set for the stock is $2 — just above 12.36 percent from NOG share price now.
Past records have indicated that shares in Northern Oil and Gas, Inc. rose on 10 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings. Investors will get the next hint of NOG’s Q4 earnings on February 27. Analysts are predicting revenue to climb 9.3 percent to $178M in the financial fourth quarter, while EPS will soar by about -60 percent to $0.1 per share. In the last quarter, it earnings of $0.12 per share came better than the $0.11429, adjusted, expected by Thomson Reuters consensus estimate. Revenue for the quarter was $152.57M, missing the $153.59M analysts had expected. Earnings are seen to rise by 479 percent this year, 22.4 percent in the coming year and the trend continues by 5 percent every year in the next 5 years.
Let’s take a glimpse at some insider activity at Northern Oil and Gas, Inc. (NYSE:NOG) and observe the pattern. The earliest insider trade happened on 08/16/2019. Rowling Robert B. gathered a total of 985.1 thousand shares of the firm at average share price of $1.6. The total amount for the purchase was set at $1.58 million. On completing this exchange, the 10% Owner account balance was 78.21 million shares. The stock grew 11.25 percent from that insider purchase. On 08/07/2019, Rowling Robert B., 10% Owner, did a purchase of 1.51 million shares at a price of $1.55 per share. This increased 2.34 million shares to the insider’s fortune and the stock experienced a 14.84 percent rally in price since the news became public. This exchange saw 77.22 million shares get into the 10% Owner account.
On 05/28/2019, 10% Owner Rowling Robert B. recorded a purchase transaction valued at $2.06 million. The purchase at $2.06 a share has added 1 million shares into the insider’s portfolio position. Meanwhile, shares price witnessed -13.59 percent decrease since the transaction reporting date. The company insider is left with 75.71 million shares remaining in the account. Rowling Robert B., who works as 10% Owner at the company, performed a purchase of 1 million shares in a transaction worth $2.23 million. The acquisition recorded on 05/16/2019 was priced at $2.23 per share. The stock price plunged -20.18 percent since the transaction. Rowling Robert B. currently holds a stake of 74.71 million in NOG stock which is worth $132.99 million after the insider buying.
The stock is lingering around the initial support level of $1.75. After this, the following support is at the zone of $1.73. Up until the time the NOG stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 39.08 on the daily chart, and this may be a cause for comfort. In case the price goes below $1.73 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $1.82 level may cause a pull-back move approaching $1.87 mark.
Northern Oil and Gas, Inc. (NOG) shares are trading at a P/E ratio of 1.6 times earnings posted in the trailing 12 months. The industry NOG deals with has an average P/E of 13.4. Its P/B ratio is standing at 1.4X compared to the 1.2 industry average. It is additionally sporting a 0.8 on the Price-to-Sales ratio, compared to the industry’s P/S average of 1.6. Northern Oil and Gas, Inc. has a 81.3% gross profit margin. Alongside this, the company’s net profit margin currently stands at 29.2%.