Northern Oil and Gas, Inc. (NOG): From Top to Bottom

Northern Oil and Gas, Inc. (NOG) is an interesting player in the Basic Materials space, with a focus on Oil & Gas Drilling & Exploration. The stock has been active on the tape, currently trading at $2.29, up from yesterday’s close by 3.62%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Northern Oil and Gas, Inc. (NOG) currently trades with a market capitalization of $277.75 Million. That value represents a market adjusting for revenues that have been growing by 1.21 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$68.39 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.04 on a per share basis this quarter. Perhaps, that suggests something about why 24.55% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Northern Oil and Gas, Inc. recorded a 52-week high of $2.97. It is now trading 0.68% off that level. The stock is trading $1.86 its 50-day moving average by -0.43%. The stock carved out a 52-week low down at $0.63.

In recent action, Northern Oil and Gas, Inc. (NOG) has made a move of +28.65% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.61, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 6.81% with $94.07 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of NOG.

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