NOG Stock Summary and Trading Ideas (Northern Oil & Gas | NYSE:NOG)

Northern Oil & Gas Inc is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and natural gas properties. Its principal business is crude oil and natural gas exploration, development, and production. Company's oil and natural gas sales come from three geographic areas in the United States: the Williston Basin (North Dakota and Montana), the Permian Basin (New Mexico and Texas), and the Appalachian Basin (Pennsylvania and Ohio).

Northern Oil & Gas trades on the NYSE stock market under the symbol NOG.

As of April 17, 2024, NOG stock price declined to $42.45 with 1,293,719 million shares trading.

NOG has a beta of 0.47, meaning it tends to be less sensitive to market movements. NOG has a correlation of 0.03 to the broad based SPY ETF.

NOG has a market cap of $4.28 billion. This is considered a Mid Cap stock.

Last quarter Northern Oil & Gas reported $543 million in Revenue and $1.61 earnings per share. This fell short of revenue expectation by $-13 million and missed earnings estimates by -$.04.

In the last 3 years, NOG stock traded as high as $43.64 and as low as $11.90.

The top ETF exchange traded funds that NOG belongs to (by Net Assets): IJR, VTI, XOP, VB, IWM.

NOG has outperformed the market in the last year with a price return of +25.5% while the SPY ETF gained +23.0%. NOG has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +23.5% and +6.2%, respectively, while the SPY returned +5.7% and -3.5%, respectively.

NOG support price is $42.11 and resistance is $43.41 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NOG stock will trade within this expected range on the day.