On 11/6/24, Northern Oil and Gas Inc (NYSE: NOG) stock enjoyed a major increase of 11.7%, closing at $41.06. Moreover, this advance was accompanied by exceptionally high trading volume at 371% of normal. The stock has performed in line with the market over the last nine months and has risen 14.0% during the last week.
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 C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Northern Oil and Gas has a very high Appreciation Score of 93 but a slightly negative Power Rating of 33, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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