(NOG) Northern Oil & Gas - Ratings and Ratios

Northern Oil and Gas, Inc., an independent energy company, specializes in the acquisition, exploration, and production of crude oil and natural gas properties, primarily operating in the Williston Basin of the Bakken Shale. Since its founding in 2006, the company has focused on strategic asset development and partnerships to enhance its production capabilities. Headquartered in Minnetonka, Minnesota, NOG has established itself as a key player in the U.S. energy sector through its disciplined approach to capital allocation and operational efficiency. Web URL: https://www.noginc.com

The companys operational strategy emphasizes non-operated participation in oil and gas projects, allowing it to scale production while managing risks. By leveraging its expertise in well performance and cost optimization, NOG has consistently delivered strong returns on equity, as evidenced by its current RoE of 22.42. This approach has enabled the company to maintain a competitive position in the evolving energy landscape.

3-Month Forecast - Technical Outlook: NOGs stock is currently trading above its SMA 20 (24.09) but below its SMA 50 (27.68) and SMA 200 (35.03), indicating short-term bullish momentum but longer-term bearish pressure. The ATR of 1.57 suggests moderate volatility, with potential resistance at $27.50 and support at $22.50. - Fundamental Analysis: With a P/E of 4.70 and forward P/E of 5.72, NOG is valued lower than its historical averages, signaling potential undervaluation. The P/B of 1.03 reflects assets being fairly valued, while the P/S of 1.19 indicates moderate revenue multiples. - Price Target: Based on technical and fundamental data, NOG is expected to trade within a range of $22.50 to $27.50 over the next three months, with upside limited by the SMA 50 resistance level and downside cushioned by strong earnings and operational performance.