In a filing, Northern Oil and Gas Inc revealed its CFO Allen Chad W unloaded Company’s shares for reported $43650.0 on Dec 02 ’24. In the deal valued at $43.65 per share,1,000 shares were sold. As a result of this transaction, Allen Chad W now holds 81,792 shares worth roughly $2.99 million.
Then, Dirlam Adam A. sold 1,672 shares, generating $72,983 in total proceeds. Upon selling the shares at $43.65, the President now owns 104,532 shares.
Before that, Dirlam Adam A. sold 244 shares. Northern Oil and Gas Inc shares valued at $10,651 were divested by the President at a price of $43.65 per share. As a result of the transaction, Dirlam Adam A. now holds 16,303 shares, worth roughly $0.6 million.
Mizuho downgraded its Northern Oil and Gas Inc [NOG] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in mid November from “an Outperform” to “a Sector perform”. Mizuho started covering the stock on September 19, 2024. It rated NOG as “an Outperform”.
Price Performance Review of NOG
On Monday, Northern Oil and Gas Inc [NYSE:NOG] saw its stock jump 1.50% to $36.58. Over the last five days, the stock has gained 2.84%. Northern Oil and Gas Inc shares have fallen nearly -1.32% since the year began. Nevertheless, the stocks have fallen -2.74% over the past one year. While a 52-week high of $44.31 was reached on 11/27/24, a 52-week low of $31.13 was recorded on 02/05/24. SMA at 50 days reached $39.37, while 200 days put it at $39.15.
Levels Of Support And Resistance For NOG Stock
The 24-hour chart illustrates a support level at 35.80, which if violated will result in even more drops to 35.01. On the upside, there is a resistance level at 37.16. A further resistance level may holdings at 37.73. The Relative Strength Index (RSI) on the 14-day chart is 35.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.82%. Stochastics %K at 18.01% indicates the stock is a buying.
How much short interest is there in Northern Oil and Gas Inc?
A steep rise in short interest was recorded in Northern Oil and Gas Inc stocks on 2024-12-13, dropping by -0.34 million shares to a total of 14.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 14.95 million shares. There was a decline of -2.32%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 05, 2024 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $40 price target.
