Citigroup raised the price target for the Northern Oil and Gas Inc. (AMEX:NOG) stock to “a Buy”. The rating was released on April 16, 2021. The research report from Raymond James has resumed the stock to Strong Buy, with a price target set at $14. The stock was initiated by Wells Fargo, who disclosed in a research note on September 25, 2020, to Overweight and set the price objective to $10. In their research brief published August 27, 2020, ROTH Capital analysts initiated the Northern Oil and Gas Inc. stock to Buy with a price target of $1.80.
Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $0.62 during the last quarter as opposed to a consensus estimate of $0.54, which indicates the company beat its estimate by $0.08, which implies that the company surprised the market by 14.80%. It appears that the average earnings per share estimate for the current quarter (ending in Jun 2021) is $0.64. This is an average of 7 analysts’ earnings, where the high earnings per share estimate is $0.72 and the low earnings per share estimate is $0.51. According to 7 analyst estimates, an average revenue estimate of $172.04M is projected for the current quarter with a high revenue estimate of $191M and a low estimate of $162.57M.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Northern Oil and Gas Inc. (AMEX:NOG) dipped -0.16% to close Thursday’s market session at $19.32, lower as compared to yesterday’s close. The stock price fluctuated between $18.41 and $19.71 throughout the trading session with the volume trading being 4654770 shares, which represented a significant variation when compared to the three months average volume of 898.09K shares. The firm’s stock price fluctuated 0.52% within the last five trades and 12.78% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 122.84% in the last 6 months and 53.82% was added to its value over the previous 3 months. NOG stock is trading at a margin of 4.81%, 22.12% and 85.51% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, NOG deals in the Energy domain. The stock is trading -5.20 percent below its 52-week high and 477.58 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 122.59. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Northern Oil and Gas Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $1.17 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 5.97. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 17.45 that mirrors the cost to be found for sales by the market.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 5.90 percent of Northern Oil and Gas Inc. shares are owned by insiders, and 59.70 percent are held by financial institutions. Rowling Robert B., the 10% Owner at Northern Oil and Gas Inc. (NOG) has bought 512,821 shares of firm on Feb 05 at a price of $9.75 against the total amount of $5.0 million. In another inside trade, Lasher Stuart G., Director of Northern Oil and Gas Inc. (AMEX:NOG) bought 25,000 shares of the firm on Feb 05 for a total worth of $0.24 million at a price of $9.75. An inside trade which took place on Dec 10, Director of Northern Oil and Gas Inc. Akradi Bahram sold 130,000 shares of firm against total price of $1.25 million at the cost of $9.60 per share.