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Saturday, June 3, 2023

What Are The Chances Of Northern Oil and Gas Inc. (NYSE: NOG) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Northern Oil and Gas Inc. (NOG) shows that investor sentiment remained same, with the stock’s consolidated last price remained same by $0.00, or 0.00%, to $31.02. The Northern Oil and Gas Inc. has recorded 57,877 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that NOG Announces Pricing of Public Offering of Common Stock.

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Stocks Info

As a NYSE listed company, NOG falls under the Energy sector while operating within the Oil & Gas E&P industry segment. At the end of the last regular session, the stock closed at $31.02 and fluctuated between $31.77 as its day high and $30.70 as its day low. The current market capitalization of Northern Oil and Gas Inc. is $2.63B. A total of 1.61 million shares were traded on the day, compared to an average of 1.55M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, NOG has seen 14 BUY and 6 SELL insider trades, representing the acquisition of 45,678 and the disposition of 84,624 shares. Over the last 12 months, there were 47 BUYs and 26 SELLs from insiders. Insiders purchased 199,566 shares during that period but sold 1,344,427.

In the most recent transaction, Rowling Robert B. sold 196,830 shares of NOG for 38.18 per share on Nov 15. After the transaction, the Former 10% Owners now owns 7,796,757 company shares. In a previous transaction on Nov 14, Akradi Bahram sold 55,000 shares at 38.31 per share. NOG shares that Director owns now total 1,696,353.

Among the insiders who sold shares, Rowling Robert B. disposed of 9,132 shares on Nov 14 at a per-share price of $38.38. This resulted in the Former 10% Owners holding 7,994 shares of NOG after the transaction. In another insider transaction, Allen Chad W sold 2,358 shares at $38.16 per share on Nov 14. Company shares held by the CFO now total 47,029.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Northern Oil and Gas Inc. pays an annual dividend of $1.48, resulting in a dividend yield of 4.77%, and it has a price to earnings (P/E) ratio of 2.06. NOG’s most recent ex-dividend date was 6/28/2023 when it declared a $0.37 quarterly dividend that was paid in cash on 7/31/2023. Previously, the company paid the dividend on 4/28/2023 with an ex-dividend date of 3/29/2023. The NOG stock dividend was $0.34 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for NOG in the last 3 months, the mean price target is $46.67 with high estimates of $58.00 and low estimates of $39.00. In terms of 52-week highs and lows, NOG has a high of $39.10 and a low of $21.45.

As of this writing, NOG has an earnings estimate of $1.67 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $2.05 per share and a lower estimate of $1.35. The company reported an EPS of $1.43 in the last quarter, which was -13.30% lower than expectations of $1.65.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. NOG’s latest balance sheet shows that the firm has $9.52M in Cash & Short Term Investments as of fiscal 2021. There were $803.44M in debt and $327.56M in liabilities at the time. Its Book Value Per Share was $12.34, while its Total Shareholder’s Equity was $215.13M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NOG is Buy with a score of 4.73.

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