Stock Price & Analysis

Based on the analysis of Northern Oil & Gas Inc. (NOG), the stock presents a compelling buy opportunity due to significant upside potential, insider buying activity, and positive production guidance.

The price prediction for NOG stock in 2025 is expected to reach $31.50, driven by positive insider buying activity and strong dividend yield. Current price trends and Fibonacci levels suggest upward momentum, with a target near the Fibonacci R3 level of $31.54. Insider purchases by directors indicate confidence in the stock's rebound potential.

The S1 support level for NOG Stock is $27.9 ,The R1 resistant level for NOG Stock is $30.7.

As of the end of day on 2025-03-24, the price of NOG Stock was $30.7.

The target price for NOG Stock according to analyst rating is 45.35, with the highest price target at 58.00 and the lowest at 34.00. Analysts have a Moderate Buy rating on NOG Stock overall.

The market cap of NOG is $3.0B.

Analysis and Insights

Valuation Metrics:

• PE Ratio: NOG's price-to-earnings (P/E) ratio is 7.23, which is lower than the industry average, suggesting undervaluation.
• EV/EBITDA: The enterprise value-to-EBITDA ratio is 3.98, indicating a reasonable valuation relative to earnings.
• PS Ratio: The price-to-sales (P/S) ratio is 1.74, showing moderate pricing.
• PB Ratio: The price-to-book (P/B) ratio is 1.59, close to book value.

Dividend Yield:

• Dividend Yield: NOG offers a 6.5% dividend yield, attractive for income-focused investors.

Technical Analysis:

• RSI: The Relative Strength Index (RSI) is 54.12, indicating a neutral position.
• MACD: The MACD line is slightly negative, suggesting a bearish trend.

Insider Activity:

• Insider Buying: Recent purchases by directors suggest confidence in the stock's potential rebound.

Market Trends:

• Oil Market: Current market uncertainty due to economic concerns and OPEC+ production increases.
• Historical Rebound: Insider buying has historically preceded rebounds in the oil sector.

Conclusion:

NOG appears undervalued based on low PE and EV/EBITDA ratios, high dividend yield, and positive insider signals. It may be a good buy for value-focused investors.

Northern Oil and Gas, Inc. is a real asset company that focuses on acquiring and investing in non-operated minority working and mineral interests in the hydrocarbon producing basins within the contiguous United States. Its principal business is crude oil and natural gas exploration, development, and production with operations in the United States. Its 272,251-acre portfolio is distributed across the Williston, Permian, and Appalachia Basins. Its portfolio comprises about 272,251 acres of low-breakeven lands with over 9,765 wells. Diversified by basin and across commodity type, its wells are operated by over 100 public and private operators. It primarily engages in oil and natural gas exploration and production by participating on a proportionate basis alongside third-party interests in wells drilled and completed in spacing units that include its acreage. In addition, it acquires wellbore-only working interests in wells. It also owns the Utica and Northern Delaware Basin assets.

The price prediction for NOG stock by 2030 is approximately $60 per share. This estimate is based on analyst targets suggesting a 73.55% upside from current levels, with a current average target of $47.71. Insider buying activity, including recent purchases by directors, indicates confidence in the stock's potential rebound. Additionally, the oil market's long-term fundamentals, despite current challenges, support a positive outlook for NOG. The stock's 6.5% dividend yield further enhances its appeal.

NOG has a total of 38 employees.