Northern Oil and Gas Inc. (AMEX:NOG) Relative Strength Index (RSI) is 63.57, with weekly volatility at 4.65% and ATR at 0.93. The NOG stock’s 52-week price range has touched low of $3.35 and a $20.38 high. Intraday shares traded counted 1.36 million, which was -42.98% lower than its 30-day average trading volume of 953.49K. Its shares traded higher over the last trading session, gaining 2.47% on 06/21/21. The shares fell to a low of $19.09 before closing at $19.53. NOG’s previous close was $19.06 while the outstanding shares total 54.54M. The firm has a beta of 2.75.
Investors have identified the Oil & Gas E&P company Northern Oil and Gas Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.20 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Northern Oil and Gas Inc. (NOG) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For NOG, the company has in raw cash 2.73 million on their books with 0.0 currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 102.42 million total, with 155.97 million as their total liabilities.
NOG were able to record 27.59 million as free cash flow during the 08/12/2021 quarter of the year, this saw their quarterly net cash flow reduce by 1.3 million. In cash movements, the company had a total of 62.77 million as operating cash flow.
Potential earnings growth for Northern Oil and Gas Inc. (NOG)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/12/2021 quarter of the year, Northern Oil and Gas Inc. recorded a total of 21.4 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -2268.49% coming in sequential stages and their sales for the 08/12/2021 quarter reducing by -134.02%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 47.77 million trying to sell their products during the last quarter, with the result yielding a gross income of -26.37 million. This allows shareholders to hold on to 54.54M with the recently reported earning now reading -1.66 cents per share. This is a figure that compared to analyst’s prediction for their 08/12/2021 (0.62 cents a share).
Having a look at the company’s valuation, the company is expected to record 3.22 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on NOG sounds very interesting.
Is the stock of NOG attractive?
In related news, 10% Owner, Rowling Robert B. bought 512,821 shares of the company’s stock in a transaction that recorded on Feb 05. The purchase was performed at an average price of 9.75, for a total value of 5,000,005. As the purchase deal closes, the Director, Lasher Stuart G. now bought 25,000 shares of the company’s stock, valued at 243,750. Also, Director, Akradi Bahram sold 130,000 shares of the company’s stock in a deal that was recorded on Dec 10. The shares were cost at an average price of 9.60 per share, with a total market value of 1,247,402. Following this completion of disposal, the Director, Akradi Bahram now holds 130,000 shares of the company’s stock, valued at 1,176,812. In the last 6 months, insiders have changed their ownership in shares of company stock by 5.90%.
9 out of 11 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on Northern Oil and Gas Inc.. 0 analysts has assigned a Sell rating on the NOG stock. The 12-month mean consensus price target for the company’s shares has been set at $22.21.