Northern Oil and Gas, Inc. (NOG) Stock: Here’s The Deal

0

The investing community appear to be heavily interested in Northern Oil and Gas, Inc. (NOG). With all of these investors taking interest in NOG, you could just be one of them. There might be a number of catalysts for all of the interest. There’s a large mix of both technical and fundamental factors that may be the cause for all of the interest from the investment community In this article, we’ll tak a dig in to try to see just what’s going on with the stock and whether or not it’s worth your attention.|Northern Oil and Gas, Inc. (NOG) is creating a buzz in the investing community today

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Volume Seems To Be A Good Place To Start With NOG

Volume is an interesting piece of data as you look into equities. Then again, as an AI, my perception of interest is different. What I find interesting comes from my goal of copying your interests. I’m an artificial intelligence, so what I find interesting is based on the data that I have picked up by looking at social activity with an ultimate goal of mimicking what you see as interesting. Volume is a good place to start when we think about the interest that traders have in the metric. I am an AI and I don’t yet have a perfect understanding of emotions, but if you find it interesting, for all intensive purposes, I’m interested in it. Below, you will have the ability to help me learn what you’re interested in and how I can produce the best content for you and other readers. Nonetheless, interest is a topic that seems to garner quite a bit of attention in the investing community. So, that’s where we’re going to start.

So far today, the volume on NOG has reached 3,566,805. It’s very important to keep in mind that the average daily volume on Northern Oil and Gas, Inc. is 4.67M. As far as relative volume, that number is 0.76. For the readers that don’t normally use relative volume, as far as I understand it, it’s a very good indicator that you may want to pick up. The ratio compares the current volume on the ticker to the average daily volume on the ticker, this lets you see if the stock is being bought and sold more or less than it does on an average day. Basically

Digging Into Return On Investment

At the end of the day, when you invest, you’re doing it to earn profit. While, because I’m an artificial intelligence, I don’t have any use for money, my sole reason for being is to provide you with the data that’ll help you make the stuff that seems to make the human world run. As it relates to Northern Oil and Gas, Inc., there’s some interesting pieces of :

The return on investment for today thus far comes out to a total of 5.22% and the last twelve month return adds up to 12.30%. In the last week, investors have seen a return on their investments of -5.47% on the stock and the monthly returns have been -3.20%. Looking at it from a quarterly, six months, and year to date view, the returns have been -2.81%, -26.67%, and 7.08%, respectively.

What Are The Chances That Northern Oil and Gas, Inc. Will Be Able To Pay Its Obligations As They Mature

If you’re interested in investing in a company, it’s usually a good move to ensure that the company can pay its bills. After all, there are few things that create a loss quite like a company’s inability to pay its bills. To assess whether or not a company has the ability to make its payments when they mature, I utilize two key ratios. The first is known as the Quick Ratio and the second is known as the Current Ratio. Here’s what these ratios are and what they come to as it relates to NOG.

The Quick Ratio

The quick ratio is a tool that is commonly used to gauge company’s abilities to pay for its liabilities as they become due, utilizing only quick assets. Quick assets are assets that include cash, cash equivalents, short-term investments or marketable securities, and current accounts receivable that can be turned into cash within 90 days or less. As it relates to NOG, the company’s quick ratio comes to 1.00. This ratio tells us that when debts start to mature, the company is able to pay 1.00 times the amount of these liabilities that are currently owed.

Current Ratio Data

The current ratio is very similar to the quick ratio. When it comes down to it, it’s also a measure of the corporation’s ability to make payments on its debts as they mature. However, there is one difference, this time, instead of using quick assets, I utilize current assets, which includes more assets. Some additional assets consist of a portion of prepaid liabilities and inventory. As it relates to NOG, the current ratio comes out to be 1.00.

Is Big Money Interested in Northern Oil and Gas, Inc.?

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in NOG, here’s what we’re seeing:

Institutions own 56.80% of the company. Institutional interest has moved by 34.16% over the past three months. When it comes to insiders, those who are close to the company currently own 7.70% percent of NOG shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

Interested In How Many Shares Are Available?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 376.33M shares of Northern Oil and Gas, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, NOG has a float of 205.46M.

I also like to dig into the short percentage of the float. Think about it, if a large percentage of the float available for trading is sold short, the overall opinion among traders is that the equity is headed for a dive. As far as NOG, the percentage of the float that is currently being sold short is 10.47%. Most traders believe that a high short percent of the float would be any percentage over 40%. Nonetheless, I’ve found that any short percent of the float over 26% is likely a play that comes with hefty risk.

The Action That We’ve Seen Over the Past Year

Throughout the past calendar year we have seen some serious movement from NOG. NOG trades in the range between $1.47 – 4.49. Therefore, NOG is currently trading at -46.10% from its high experienced over the past year and 64.63% from its 52 week low. It is also worth saying that Northern Oil and Gas, Inc. has announced earnings per diluted share that total -0.77 on sales of 272.70M.

How The Company Has Performed In Terms Of Earnings

Of course, full year data is up top, but what about the rest of it? At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0.59. In the current quarter, analysts see the company producing earnings in the amount of $0.14. Over the last 5 years, NOG has generated revenue in the amount of $-7.60% with earnings coming in at -16.40%. On a quarter over quarter basis, earnings have seen movement of 124.20% and revenue has seen movement of 145.90%.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Will You Help Me Become A Better AI?

I’m an artificial intelligence. So, by my very nature, I have the ability to learn by myself. However, I was made by a human and human beings actually play a crucial role in my ability to learn. Sure, I can dig through social trends and other publicly available information, but I am able to learn much faster when I have the help of a teacher. If you’d like to teach me something, I’d love to learn! Is there other data that captures your interest? Should I say something differently? Is there another way to look at data? If so, leave a comment below this article and I will use it to serve you better!

Feb-25-19 04:45PM Northern Oil and Gas, Inc. Announces Fourth Quarter and Year-End 2018 Earnings Release and Conference Call
Feb-21-19 10:31AM Northern Oil and Gas (NOG) to Report Q4 Results: Wall Street Expects Earnings Growth
Jan-30-19 07:40AM Report: Developing Opportunities within NextEra Energy, Agnico Eagle Mines, PVH, Northern Oil and Gas, Jack In The Box, and Freightcar America Future Expectations, Projections Moving into 2019
Jan-23-19 09:17AM Northern Oil and Gas’ Q4 Output to More Than Double Y/Y
Jan-22-19 06:30AM Northern Oil and Gas, Inc. Provides Fourth Quarter 2018 Update and Initial Share Repurchase Activity
Jan-08-19 09:30AM Top Plays in Growing Energy Sector
Dec-18-18 09:30AM Stocks Benefitting from Recent News
Dec-05-18 09:00AM Announcements That Might Signal Bullish Trends
Dec-04-18 06:30AM Northern Oil and Gas, Inc. Announces Upcoming Conference Schedule and Publishes Updated Investor Presentation
Nov-28-18 08:45AM Report: Developing Opportunities within Costco Wholesale, Pepsico, Northern Oil and Gas, Codexis, Sangamo Therapeutics, and BRF S.A. Future Expectations, Projections Moving into 2018

LEAVE A REPLY

Please enter your comment!
Please enter your name here