Northern Oil and Gas, Inc. (NYSE:NOG) has made a 4.32% comeback from a 12-month low price of $1.85. It was seen -7.66% lower, changing the price to $1.93, when the closing bell rang on 6/24/2019. At a recent session, the prices were hovering between $1.91 and $2.1. This company shares are 145.08% off its target price of $4.73 and the current market capitalization stands at $758.8M. The recent change has given its price a -15.68% deficit over SMA 50 and -57.02% deficit over its 52-week high. The stock witnessed -6.76% declines, -28.25% declines and -10.23% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found NOG’s volatility during a week at 7.13% and during a month it has been found around 6.72%.
What Does Northern Oil and Gas, Inc. (NOG) Do?
The company describes itself in regulatory filings as, “Northern Oil & Gas, Inc. engages in the acquisition, exploration, development, and production of crude oil and natural gas properties. It focuses on the Bakken and Three Forks formation within the Williston Basin in North Dakota and Montana. The company was founded on March 20, 2007 and is headquartered in Minnetonka, MN.” [Text can be found here: https://www.marketwatch.com/investing/stock/NOG/profile under company description.]Northern Oil and Gas, Inc. (NOG) Top Holders
Institutional investors currently hold around $388 million or 55.6% in NOG stock. Look at its top three institutional owners: Crestview Partners Iii Gp, L.P. owns $67.24 million in Northern Oil and Gas, Inc., which represents roughly 8.86% of the company’s market cap and approximately 17.33% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 13,785,297 shares of the stock are valued at $28.81 million. The third largest holder is Vanguard Group Inc, which currently holds $26.1 million worth of this stock and that ownership represents nearly 3.44% of its market capitalization.
At the end of March reporting period, 90 institutional holders increased their position in Northern Oil and Gas, Inc. (NYSE:NOG) by some 39,227,919 shares, 61 decreased positions by 44,200,173 and 26 held positions by 102,449,745. That puts total institutional holdings at 185,877,837 shares, according to SEC filings. The stock grabbed 41 new institutional investments totaling 24,694,825 shares while 22 institutional investors sold out their entire positions totaling 6,156,105 shares.Northern Oil and Gas, Inc. (NYSE:NOG) Insider Trades
Multiple company employees have indulged in significant insider trading. Northern Oil and Gas, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that 10% Owner Rowling Robert B. has acquired 1,000,060 shares of Northern Oil and Gas, Inc. (NOG) in the trading session dated May. 28, 2019. These shares are worth $2,060,124 and were traded at $2.06 each. The SEC filing shows that Rowling Robert B. performed a purchase of 1,000,000 shares. The 10% Owner added these shares by way of transaction on May. 16, 2019. The company’s shares were assimilated at $2.23 per share worth to an investment of some $2,230,000 to the account of Rowling Robert B..
10% Owner, Crestview Partners III GP, L.P, sold 605,842 common shares of Northern Oil and Gas, Inc. (NOG) in the open market. In a transaction dated Feb. 21, 2019, the shares were put up for sale at an average price of $2.53, raking in a sum of $1,532,780. After this sale, 38,464,048 common shares of NOG are directly owned by the insider, with total stake valued at $74,235,613.
In the transaction dated Feb. 15, 2019, a great number of shares sold came courtesy the 10% Owner; Crestview Partners III GP, L.P disposed a total of 813,373 shares at an average price of $2.47, amounting to approximately $2,009,031. The insider now directly owns 39,069,890 shares worth $75,404,888.Northern Oil and Gas, Inc. (NOG) Analyst Guide
Several analysts have released their opinion on Northern Oil and Gas, Inc. (NYSE:NOG), with 2 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 4 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.86 average brokerage recommendation [T1].