Northern Oil and Gas Inc’s recently made public that its Chief Legal Officer & Sec. Romslo Erik J. unloaded Company’s shares for reported $53451.0 on Feb 03 ’25. In the deal valued at $35.63 per share,1,500 shares were sold. As a result of this transaction, Romslo Erik J. now holds 96,394 shares worth roughly $3.55 million.
Then, Allen Chad W sold 500 shares, generating $20,165 in total proceeds. Upon selling the shares at $40.33, the CFO now owns 75,814 shares.
Before that, Dirlam Adam A. sold 836 shares. Northern Oil and Gas Inc shares valued at $32,604 were divested by the President at a price of $39.00 per share. As a result of the transaction, Dirlam Adam A. now holds 96,223 shares, worth roughly $3.54 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 Tuesday, Northern Oil and Gas Inc [NYSE:NOG] saw its stock jump 2.76% to $36.84. Over the last five days, the stock has lost -1.60%. Northern Oil and Gas Inc shares have fallen nearly -0.86% since the year began. Nevertheless, the stocks have risen 11.06% over the past one year. While a 52-week high of $44.31 was reached on 01/16/25, a 52-week low of $31.13 was recorded on 02/03/25. SMA at 50 days reached $39.52, while 200 days put it at $38.96.
Levels Of Support And Resistance For NOG Stock
The 24-hour chart illustrates a support level at 35.89, which if violated will result in even more drops to 34.93. On the upside, there is a resistance level at 37.39. A further resistance level may holdings at 37.93. The Relative Strength Index (RSI) on the 14-day chart is 40.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.90%. Stochastics %K at 12.92% 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 2025-01-15, dropping by 38340.0 shares to a total of 14.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 14.61 million shares. There was a decline of -0.26%, 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.
