Northern Oil and Gas Inc (NYSE: NOG) has reported E.P.S. of $0.12 for its first fiscal quarter (ending March 31) versus $4.01 for the same period a year ago — a decline of -97%. Relative to the consensus estimate of $1.59, this was a shortfall of $-1.47. For the latest four quarters through March 31, E.P.S. were $6.21 versus $16.12 for the same period a year ago — a decline of -61%.
Recent Price Action
Northern Oil and Gas Inc (NYSE: NOG) stock suffered a large decline of -6.3% on 4/30/24. The stock closed at $40.79. Moreover, unusually high trading volume at 190% of normal accompanied the decline. The stock has been weak relative to the market over the last nine months and has declined -4.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, NOG is expected to continue to be an important Value Builder.
Northern Oil and Gas has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Northern Oil and Gas has a very high Appreciation Score of 92 but a poor Power Rating of 25, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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