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Northern Oil and Gas (NOG) Gains But Lags Market: What You Should Know
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Northern Oil and Gas (NOG - Free Report) closed the most recent trading day at $2.94, moving +0.51% from the previous trading session. This change lagged the S&P 500's 1.09% gain on the day. Elsewhere, the Dow gained 0.97%, while the tech-heavy Nasdaq added 2.01%.
Prior to today's trading, shares of the independent oil and gas company had lost 30.31% over the past month. This has lagged the Oils-Energy sector's loss of 9.61% and the S&P 500's loss of 7.81% in that time.
Investors will be hoping for strength from NOG as it approaches its next earnings release, which is expected to be November 8, 2018. In that report, analysts expect NOG to post earnings of $0.12 per share. This would mark year-over-year growth of 200%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $119.05 million, up 186.18% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.55 per share and revenue of $427.55 million, which would represent changes of +292.86% and +105.12%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for NOG. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. NOG currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that NOG has a Forward P/E ratio of 5.34 right now. For comparison, its industry has an average Forward P/E of 14.37, which means NOG is trading at a discount to the group.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 30, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Northern Oil and Gas (NOG) Gains But Lags Market: What You Should Know
Northern Oil and Gas (NOG - Free Report) closed the most recent trading day at $2.94, moving +0.51% from the previous trading session. This change lagged the S&P 500's 1.09% gain on the day. Elsewhere, the Dow gained 0.97%, while the tech-heavy Nasdaq added 2.01%.
Prior to today's trading, shares of the independent oil and gas company had lost 30.31% over the past month. This has lagged the Oils-Energy sector's loss of 9.61% and the S&P 500's loss of 7.81% in that time.
Investors will be hoping for strength from NOG as it approaches its next earnings release, which is expected to be November 8, 2018. In that report, analysts expect NOG to post earnings of $0.12 per share. This would mark year-over-year growth of 200%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $119.05 million, up 186.18% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.55 per share and revenue of $427.55 million, which would represent changes of +292.86% and +105.12%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for NOG. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. NOG currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that NOG has a Forward P/E ratio of 5.34 right now. For comparison, its industry has an average Forward P/E of 14.37, which means NOG is trading at a discount to the group.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 30, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.