Northern Oil and Gas Inc (NYSE: NOG) has reported E.P.S. of $1.38 for its second fiscal quarter (ending June 30) versus $1.89 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $5.70 versus $14.88 for the same period a year ago.
Recent Price Action
On 7/30/24, Northern Oil and Gas Inc (NYSE: NOG) stock increased 1.0%, closing at $40.64. Moreover, above average trading volume at 138% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 0.6% 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 B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Northern Oil and Gas has a very high Appreciation Score of 93 but a neutral Power Rating of 41, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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