The price of Northern Oil and Gas Inc (NYSE:NOG) shares last traded on Wall Street rose 1.32% to $36.10.
NOG stock price is now -8.53% away from the 50-day moving average and -7.82% away from the 200-day moving average. The market capitalization of the company currently stands at $3.60B.
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With the price target maintained at $47, Mizuho recently Downgraded its rating from Outperform to Neutral for Northern Oil and Gas Inc (NYSE: NOG). On November 20, 2024, RBC Capital Mkts Downgraded its previous ‘Outperform’ rating to ‘Sector Perform’ on the stock increasing its target price from $43 to quote $45, while ‘Jefferies’ rates the stock as ‘Buy’
In other news, Allen Chad W, CFO sold 1,000 shares of the company’s stock on Dec 02 ’24. The stock was sold for $43,650 at an average price of $43.65. Upon completion of the transaction, the CFO now directly owns 81,792 shares in the company, valued at $2.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 02 ’24, President Dirlam Adam A. sold 1,672 shares of the business’s stock. A total of $72,983 was realized by selling the stock at an average price of $43.65. This leaves the insider owning 104,532 shares of the company worth $3.77 million. A total of 7.39% of the company’s stock is owned by insiders.
During the past 12 months, Northern Oil and Gas Inc has had a low of $31.13 and a high of $44.31. As of last week, the company has a debt-to-equity ratio of 0.84, a current ratio of 1.23, and a quick ratio of 1.23. The fifty day moving average price for NOG is $39.5352 and a two-hundred day moving average price translates $39.1668 for the stock.
The latest earnings results from Northern Oil and Gas Inc (NYSE: NOG) was released for 2024-09-30. The net profit margin was 43.50% and return on equity was 45.01% for NOG. The company reported revenue of $753.64 million for the quarter, compared to $313.97 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 140.03 percent.
