Northern Oil and Gas Inc.’s recent filing unveils that its Chief Technical Officer Evans James B. unloaded Company’s shares for reported $0.13 million on Apr 09 ’24. In the deal valued at $42.00 per share,3,150 shares were sold. As a result of this transaction, Evans James B. now holds 73,753 shares worth roughly $3.12 million.
Then, O’GRADY NICHOLAS L. sold 3,750 shares, generating $153,656 in total proceeds. Upon selling the shares at $40.98, the CEO now owns 228,082 shares.
Before that, Dirlam Adam A. sold 1,392 shares. Northern Oil and Gas Inc. shares valued at $55,513 were divested by the President at a price of $39.88 per share. As a result of the transaction, Dirlam Adam A. now holds 111,804 shares, worth roughly $4.73 million.
Morgan Stanley initiated its Northern Oil and Gas Inc. [NOG] rating to an Equal-weight in a research note published on January 05, 2024; the price target was $40. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “an Underperform”. Johnson Rice also remained covering NOG and has decreased its forecast on December 14, 2023 with a “Accumulate” recommendation from previously “Buy” rating. Piper Sandler revised its rating on August 14, 2023. It rated NOG as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of NOG
On Monday, Northern Oil and Gas Inc. [NYSE:NOG] saw its stock fall -0.68% to $42.35. Over the last five days, the stock has gained 2.27%. Northern Oil and Gas Inc. shares have risen nearly 14.24% since the year began. Nevertheless, the stocks have risen 22.72% over the past one year. While a 52-week high of $43.64 was reached on 04/12/24, a 52-week low of $29.57 was recorded on 02/05/24. SMA at 50 days reached $36.99, while 200 days put it at $37.77. A total of 1.32 million shares were traded, compared to the trading of 1.39 million shares in the previous session.
Levels Of Support And Resistance For NOG Stock
The 24-hour chart illustrates a support level at 42.06, which if violated will result in even more drops to 41.78. On the upside, there is a resistance level at 42.87. A further resistance level may holdings at 43.39. The Relative Strength Index (RSI) on the 14-day chart is 76.29, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.53, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.56%. Stochastics %K at 88.32% indicates the stock is a selling.
