Northern Oil and Gas Inc. [NYSE: NOG] stock went on an upward path that rose over 6.27% on Wednesday, amounting to a one-week price increase of more than 13.06%.
Over the last 12 months, NOG stock rose by 9.70%. The one-year Northern Oil and Gas Inc. stock forecast points to a potential upside of 13.83. The average equity rating for NOG stock is currently 1.67, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $4.36 billion, with 100.76 million shares outstanding and 93.69 million shares in the current float. Compared to the average trading volume of 1.36M shares, NOG stock reached a trading volume of 3987104 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 $50.12 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 1.67. 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.
Morgan Stanley have made an estimate for Northern Oil and Gas Inc. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on January 05, 2024. The new note on the price target was released on January 05, 2024, 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 1.27, with the Price to Sales ratio for NOG stock in the period of the last 12 months amounting to 2.27. The Price to Book ratio for the last quarter was 2.09, with the Price to Cash per share for the same quarter was set at 0.08.
NOG Stock Performance Analysis:
Northern Oil and Gas Inc. [NOG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.06. With this latest performance, NOG shares gained by 14.62% in over the last four-week period, additionally plugging by 23.05% over the last 6 months – not to mention a rise of 9.70% 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 67.72, with the RSI for the last a single of trading hit 72.81, and the three-weeks RSI is set at 64.02 for Northern Oil and Gas Inc. [NOG]. The present Moving Average for the last 50 days of trading for this stock 39.08, while it was recorded at 40.74 for the last single week of trading, and 37.97 for the last 200 days.
Insight into Northern Oil and Gas Inc. Fundamentals:
Northern Oil and Gas Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.96 and a Current Ratio set at 0.89.
NOG Stock EPS
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 -4.80%.
Northern Oil and Gas Inc. [NOG] Institutonal Ownership Details
The top three institutional holders of NOG stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in NOG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in NOG stock with ownership which is approximately 5.1238%.
