Northern Oil and Gas Inc’s recent filing unveils 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 $3.1 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 $3.1 million.
CapitalOne downgraded its Northern Oil and Gas Inc [NOG] rating to an Equal weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Mizuho’s analysts, who decreased its forecast for the stock in mid December from “an Outperform” to “a Neutral”. RBC Capital Mkts also remained covering NOG and has decreased its forecast on November 20, 2024 with a “Sector perform” recommendation from previously “an Outperform” rating.
Price Performance Review of NOG
On Tuesday, Northern Oil and Gas Inc [NYSE:NOG] saw its stock fall -3.30% to $32.19. Over the last five days, the stock has lost -8.53%. Northern Oil and Gas Inc shares have fallen nearly -13.37% since the year began. Nevertheless, the stocks have fallen -6.99% over the past one year. While a 52-week high of $44.31 was reached on 01/16/25, a 52-week low of $32.81 was recorded on 02/25/25. SMA at 50 days reached $37.45, while 200 days put it at $38.48.
Levels Of Support And Resistance For NOG Stock
The 24-hour chart illustrates a support level at 31.79, which if violated will result in even more drops to 31.39. On the upside, there is a resistance level at 32.94. A further resistance level may holdings at 33.70. The Relative Strength Index (RSI) on the 14-day chart is 28.10, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.96%. Stochastics %K at 5.77% indicates the stock is a buying.
The most recent change occurred on September 19, 2024 when Mizuho began covering the stock and recommended ‘”an Outperform”‘ rating along with a $47 price target.
