Analysts at CapitalOne upped their rating on shares of Northern Oil and Gas, Inc. (NYSE:NOG) from Equal Weight to Overweight in their opinion released on July 31. Analysts at SunTrust issued an upgrade from Hold to Buy for the stock, in a research note that dated back to May 24.
By watching the trading activity of corporate insiders, it will become easier to get a sense of Northern Oil and Gas, Inc. (NYSE:NOG)’s prospects. The earliest insider trade took place on 12/04/2018. Grabb Robert parted with a total of 1.98 thousand shares of company at average share price of $2.71. The total for the sales was set at $5.36 thousand. After this transaction, the Director account balance stood at 285.41 thousand shares. The stock lost -7.75 percent since that insider sale. On 11/16/2018, Elliott Brandon R., CEO, sold 50 thousand shares at a price per share of $2.77. This removed 138.5 thousand shares from the insider’s fortune and the stock saw a -9.75 percent retreat in value since the news became public. This transaction left 438.96 thousand shares in the CEO account. On 11/16/2018, CEO Elliott Brandon R. performed a purchase transaction worth $141.5 thousand. This purchase at $2.83 each has added 50 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded -11.66 percent decrease since the transaction was reported. The insider now is left with 438.96 thousand shares remaining in the account. Easley Roy Ernest, who performs the Director job, bought 40 thousand shares for $104.8 thousand. The acquisition occurred on 11/14/2018 was priced at $2.62 per share. The share price plunged -4.58 percent since the reporting date. Easley Roy Ernest now left with a stake of 82.7 thousand NOG stock worth $206.75 thousand after the insider buying.
Northern Oil and Gas, Inc. (NOG) is expected to jump by 68 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $5-month high price target. This represents a whopping 100 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $4, which represents a return potential of 60 percent when compared to the closing price of the stock of $2.5 on Friday, January 11. The lowest price target for the stock is $3 — slightly more than 20 percent from NOG’s current share price.
The shares are currently floating around the first support level of $2.42. Below this, the next support is placed in the zone of $2.33. Till the time, the NOG stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 48.71 on daily chart, which may remain a cause for concern. If the price breaks below $2.33 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $2.63 mark may result into a pull-back move towards $2.75 level.
NOG shares dropped -0.2 points or -7.41 percent on Friday to $2.5 with a heavy trade volume of 5.01 million shares. After opening the session at $2.67, the shares went as high as $2.67 and as low as $2.46, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $1.04 billion and now has 416.52 million shares outstanding. Northern Oil and Gas, Inc. (NOG) stock has gained 8.23 percent of market value in 21 trading days.
NOG stock has a trailing 3-year beta of 1.97, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$0.77 a share in the trailing twelve months. The stock’s value has surged 10.62 percent year to date (YTD) against a decline of -1.19 percent in 12 month’s time. The company’s shares still trade -44.32 percent away from its 1-year high of $4.49 and 70.07 percent up from 52-week low of $1.47. The average consensus rating on the company is 0, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.
Shares of Northern Oil and Gas, Inc. (NOG) are trading at a P/E ratio of 0 times earnings reported for the past 12 months. The industry NOG operates in has an average P/E of 16.71. Its P/E ratio went as low as 2.1X and as high as 17.82 over the 5-year span. Further, it is sporting a 3.82 on the Price-to-Sales ratio. Compare this with the industry average P/S of 99.8. 64.5 percent is the gross profit margin for Northern Oil and Gas, Inc. and operating margin sits at -10 percent. Along with this, the net profit margin is -36.1 percent.