Northern Oil and Gas Inc. (AMEX:NOG) shares traded higher over the last trading session, gaining 33.80% on 06/08/20. The shares fell to a low of $1.03 before closing at $1.26. Intraday shares traded counted 21.59 million, which was -280.76% lower than its 30-day average trading volume of 5.67M. NOG’s previous close was $0.94 while the outstanding shares total 403.66M. The firm has a beta of 2.16, a 12-month trailing P/E ratio of 1.54, and a growth ratio of 0.31. The stock’s Relative Strength Index (RSI) is 76.01, with weekly volatility at 10.80% and ATR at 0.09. The NOG stock’s 52-week price range has touched low of $0.50 and a $2.43 high.
Investors have identified the Oil & Gas E&P company Northern Oil and Gas Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $451.84 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Northern Oil and Gas Inc. (NOG) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For NOG, the company has in raw cash 8.51 million on their books with 65.0 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 354847000 million total, with 235078000 million as their total liabilities.
NOG were able to record -3.85 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by -7.55 million. In cash movements, the company had a total of 100.65 million as operating cash flow.
Potential earnings growth for Northern Oil and Gas Inc. (NOG)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Northern Oil and Gas Inc. recorded a total of 506.79 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 101.37% coming in sequential stages and their sales for the third quarter increasing by 88.36%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 49.23 million trying to sell their products during the last quarter, with the result yielding a gross income of 457.55 million. This allows shareholders to hold on to 403.66M with the revenue now…