Northern Oil and Gas Inc (NYSE: NOG) has recently enjoyed extremely important positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend, and its longer term price trend turned up.
Significant positive changes in fundamentals have recently occurred for Northern Oil and Gas Inc (NYSE: NOG): the consensus estimate for December, 2025 increased significantly, and the consensus estimate for December, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism 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 A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. Northern Oil and Gas has a slightly positive Power Rating of 65 and a very high Appreciation Score of 94, producing the Highest Value Trend Rating.
Recent Price Action
Northern Oil and Gas Inc (NYSE: NOG) stock closed at $39.48 on 8/15/24 after a large increase of 2.6%. However, trading volume in this advance was below average at 68% of normal. The stock has risen 6.7% during the last week and has been strong relative to the market over the last nine months.
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