Recent extremely meaningful negative changes in investment behavior have impacted Northern Oil and Gas Inc (NYSE: NOG): its longer term price trend turned down, its shorter term price trend turned down, and negative upside/downside volume developed.
Northern Oil and Gas Inc (NYSE: NOG) has recently experienced minimal negative changes in fundamentals: the consensus estimate for December, 2024 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
NOG’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Northern Oil and Gas has a current Value Trend Rating of B (Positive). 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 slightly negative Power Rating of 36, leading to the Positive Value Trend Rating.
Recent Price Action
Northern Oil and Gas Inc (NYSE: NOG) stock enjoyed a large increase of 3.3% on 7/25/24. The stock closed at $39.46. Moreover, this advance was accompanied by unusually high trading volume at 168% of normal. The stock has performed in line with the market over the last nine months and has declined -5.3% during the last week.
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