Home Sectors Energy Valuation Now: Northern Oil And Gas (AMEX: NOG)

Valuation Now: Northern Oil And Gas (AMEX: NOG)

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Northern Oil And Gas is in the energy sector and is part of the oil and gas exploration and production industry. The company CEO is Brandon R. Elliott. Northern Oil and Gas Inc is an independent energy company engaged in the acquisition, exploration, development and production of oil and natural gas properties in the Bakken and Three Forks formations within the Williston Basin in North Dakota and Montana.

Previous Intraday Trading Performance:

The NOG stock showed a previous change of 5.16% with an open at 2.02 and a close of 2.04. It reached an intraday high of 2.05 and a low of 1.94.

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Liquidity:

The stock has a market cap of $786.9m with 385.8m shares outstanding, of which the float is 351.8m shares. Trading volume reached 4,852,550 shares compared to its average volume of 5,690,264 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, Northern Oil And Gas shares returned 1.49% and in the past 30 trading days it returned -12.45%. Over three months, it changed -8.11%. In one year it has changed -28.42% and within that year its 52-week high was 4.49 and its 52-week low was 1.85. NOG stock is 10.27% above its 52 Week Low.

Our calculations show a 200 day moving average of 2.74 and a 50 day moving average of 2.36. Currently NOG stock is trading -25.44% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

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Earnings:

The last annual fiscal EPS for the company was reported at 0.63 that ended on 31st of December 2018, which according to the previous close, that is a PE of 3.24. Based on 6 analyst estimates, the consensus EPS for the next quarter is 0.13. The TTM EPS is 0.62, which comes to a TTM PE of 3.29.

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 (Reported on 05/09/2019): -0.29
4thQtr of 2018 (Reported on 03/12/2019): 0.58
3rdQtr of 2018 (Reported on 11/08/2018): 0.06
2ndQtr of 2018 (Reported on 08/09/2018): -0.49
1stQtr of 2018 (Reported on 05/07/2018): 0.05

Base on our calculations, the intrinsic value per share is 4.32, which means it is possibly undervalued and has a margin of safety of 52.75%.

Indicators to Watch:

Based on the latest filings, there is 63.00% of institutional ownership. Short-interest was 23,233,948, which was 6.02% of shares outstanding. The short-interest ratio or days-to-cover ratio was 4.38. This stock has a moderate level of short interest, but may still be a buying opportunity depending on other indicators.

The current calculated beta is 1.96.

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is -50.68%, return on assets is 3.35%, profit margin is 5.86%, price-to-sales is 1.39 and price-to-book is 2.39.

Company Scores:

All scores are out of six:
 3  :Valuation Score
 3  :Past Performance Score
 2  :Financial Strength Score
 4  :Future Growth Score
 0  :Dividend Score
 3  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.