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Should Value Investors Buy Northern Oil and Gas (NOG) Stock?
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company to watch right now is Northern Oil and Gas (NOG - Free Report) . NOG is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock holds a P/E ratio of 3.52, while its industry has an average P/E of 6.39. NOG's Forward P/E has been as high as 5.57 and as low as 2.65, with a median of 3.55, all within the past year.
Finally, we should also recognize that NOG has a P/CF ratio of 3.07. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. NOG's current P/CF looks attractive when compared to its industry's average P/CF of 8.30. Over the past year, NOG's P/CF has been as high as 50.89 and as low as -8.37, with a median of 6.70.
If you're looking for another solid Oil and Gas - Exploration and Production - United States value stock, take a look at W&T Offshore (WTI - Free Report) . WTI is a # 2 (Buy) stock with a Value score of A.
W&T Offshore sports a P/B ratio of -18.53 as well; this compares to its industry's price-to-book ratio of 3.34. In the past 52 weeks, WTI's P/B has been as high as -1.48, as low as -23.39, with a median of -3.23.
These are just a handful of the figures considered in Northern Oil and Gas and W&T Offshore's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that NOG and WTI is an impressive value stock right now.
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Should Value Investors Buy Northern Oil and Gas (NOG) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company to watch right now is Northern Oil and Gas (NOG - Free Report) . NOG is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock holds a P/E ratio of 3.52, while its industry has an average P/E of 6.39. NOG's Forward P/E has been as high as 5.57 and as low as 2.65, with a median of 3.55, all within the past year.
Finally, we should also recognize that NOG has a P/CF ratio of 3.07. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. NOG's current P/CF looks attractive when compared to its industry's average P/CF of 8.30. Over the past year, NOG's P/CF has been as high as 50.89 and as low as -8.37, with a median of 6.70.
If you're looking for another solid Oil and Gas - Exploration and Production - United States value stock, take a look at W&T Offshore (WTI - Free Report) . WTI is a # 2 (Buy) stock with a Value score of A.
W&T Offshore sports a P/B ratio of -18.53 as well; this compares to its industry's price-to-book ratio of 3.34. In the past 52 weeks, WTI's P/B has been as high as -1.48, as low as -23.39, with a median of -3.23.
These are just a handful of the figures considered in Northern Oil and Gas and W&T Offshore's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that NOG and WTI is an impressive value stock right now.