Northern Oil and Gas Inc’s recently made public that its Director Lasher Stuart G. acquired Company’s shares for reported $0.55 million on Mar 04 ’25. In the deal valued at $27.62 per share,20,000 shares were bought. As a result of this transaction, Lasher Stuart G. now holds 40,000 shares worth roughly $1.1 million.
Then, Akradi Bahram bought 40,000 shares, generating $1,121,360 in total proceeds. Upon buying the shares at $28.03, the Director now owns 1,662,016 shares.
Before that, Allen Chad W bought 6,000 shares. Northern Oil and Gas Inc shares valued at $168,000 were divested by the Officer at a price of $28.00 per share.
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 Friday, Northern Oil and Gas Inc [NYSE:NOG] saw its stock jump 2.23% to $27.49. Over the last five days, the stock has lost -12.73%. Northern Oil and Gas Inc shares have fallen nearly -26.02% since the year began. Nevertheless, the stocks have fallen -22.69% over the past one year. While a 52-week high of $44.31 was reached on 01/16/25, a 52-week low of $26.59 was recorded on 03/05/25. SMA at 50 days reached $35.93, while 200 days put it at $38.04.
Levels Of Support And Resistance For NOG Stock
The 24-hour chart illustrates a support level at 26.84, which if violated will result in even more drops to 26.19. On the upside, there is a resistance level at 28.05. A further resistance level may holdings at 28.60. The Relative Strength Index (RSI) on the 14-day chart is 20.84, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.95, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.64%. Stochastics %K at 7.68% 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.
