Northern Oil and Gas Inc [NYSE: NOG] loss -4.48% or -1.14 points to close at $24.30 with a heavy trading volume of 1719422 shares.
The daily chart for NOG points out that the company has recorded -33.37% loss over the past six months.
If we look at the average trading volume of 1.99M shares, NOG reached to a volume of 1719422 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $36.54 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 1.85. 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.
CapitalOne 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 February 21, 2025. The new note on the price target was released on December 16, 2024, representing the official price target for Northern Oil and Gas Inc stock. Previously, the target price had yet another raise from $43 to $45, while RBC Capital Mkts kept a Sector Perform rating on NOG stock.
The Average True Range (ATR) for Northern Oil and Gas Inc is set at 1.45, with the Price to Sales ratio for NOG stock in the period of the last 12 months amounting to 1.09. The Price to Book ratio for the last quarter was 1.00, with the Price to Cash per share for the same quarter was set at 0.34.
Trading performance analysis for NOG stock
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 -2.02. With this latest performance, NOG shares dropped by -6.39% in over the last four-week period, additionally sinking by -33.37% over the last 6 months – not to mention a drop of -38.74% 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 45.22, with the RSI for the last a single of trading hit 47.49, and the three-weeks RSI is set at 43.35 for Northern Oil and Gas Inc [NOG]. The present Moving Average for the last 50 days of trading for this stock 27.14, while it was recorded at 24.78 for the last single week of trading, and 35.58 for the last 200 days.
Northern Oil and Gas Inc [NOG]: A deeper dive into fundamental analysis
Northern Oil and Gas Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.92 and a Current Ratio set at 0.92.
Northern Oil and Gas Inc [NOG]: An earnings per share (EPS) analysis
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 -3.59%.
An analysis of Institutional ownership at Northern Oil and Gas Inc [NOG]
The top three institutional holders of NOG stocks are: BLACKROCK INC. with ownership of 14.28 million shares, which is approximately 14.2436%. VANGUARD GROUP INC, holding 10.64 million shares of the stock with an approximate value of $$395.49 million in NOG stocks shares; and VANGUARD GROUP INC, currently with $$387.62 million in NOG stock with ownership which is approximately 10.4007%.
