With 1.24 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.45 million shares. The 52-week range on NOG shows that it touched its highest point at $44.31 and its lowest point at $31.78 during that stretch. It currently has a 1-year price target of $47.73. With its current market cap of 3.16 billion, NOG has annualized dividend of $1.64 while the current yield stands at 5.14%. Beta for the stock currently stands at 1.85.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NOG was down-trending over the past week, with a drop of -9.81%, but this was down by -14.77% over a month. Three-month performance dropped to -26.13% while six-month performance fell -20.60%. The stock lost -7.99% in the past year, while it has lost -14.13% so far this year. A look at the trailing 12-month EPS for NOG yields 5.15 with Next year EPS estimates of 4.86. For the next quarter, that number is 1.20. This implies an EPS growth rate of -9.58% for this year and 2.11% for next year.
Float and Shares Shorts:
At present, 99.11 million NOG shares are outstanding with a float of 91.81 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NOG since 4 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $5.38638 being high and $5.12751 being low. For NOG, this leads to a yearly average estimate of $5.27686. Based on analyst estimates, the high estimate for the next quarter is $1.34 and the low estimate is $0.92. The average estimate for the next quarter is thus $1.09.
