Northern Oil and Gas Inc (NYSE: NOG) has reported E.P.S. of $3.00 for its third fiscal quarter (ending September 30) versus $0.28 for the same period a year ago — an increase of 971%. For the latest four quarters through September 30, E.P.S. were $8.41 compared to $7.65 a year ago — an increase of 10%.
Recent Price Action
Northern Oil and Gas Inc (NYSE: NOG) stock closed at $36.76 on 11/5/24 after an increase of 1.5%. Moreover, this advance was accompanied by above average trading volume at 145% of normal. 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 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 93 but a slightly negative Power Rating of 33, and the High Neutral Value Trend Rating results.
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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