In this article we will be analyzing Northern Oil & Gas, Inc.. We will be looking over the current market data to assess wether or not it is a good investment. To get started, the stock opened this morning at $17.68 and has moved $-1.69 from yesterday’s closing price of $17.54. The high for today is $17.6888 and the low is $15.73. A great indicator of where a stock is trending is by looking at it’s 52-week high/low. This is a technical indicator used by some traders and investors who view these figures as an important factor in the analysis of a stock’s current value and as a predictor of its future price movement. The 52-week high for Northern Oil & Gas, Inc. is $21.64 and the low is $3.345. The volume (the number of shares traded in a stock or contracts traded in futures or options.) is 1202847. Now that we know where Northern Oil & Gas, Inc. stands in price and volume, let’s learn more about the future of the company.
Forecast & Beta
As an investor, you can get an idea of where the stock is trending by the forecast and beta. Beta is calculated using regression analysis. A beta of 1 indicates that the security’s price tends to move with the market. A beta greater than 1 indicates that the security’s price tends to be more volatile than the market. A beta of less than 1 means it tends to be less volatile than the market. Northern Oil & Gas, Inc. has a beta of 2.80457. Knowing all of this, we project that Northern Oil & Gas, Inc. will have a price of $24.48 in 12-months compared to it’s current price of $15.85 ($-73.95 difference). We can also take a look at the comapany’s marketcap. Marketcap is important because it allows investors to understand the relative size of one company versus another. Market cap measures what a company is worth on the open market, as well as the market’s perception of its prospects, because it reflects what investors are willing to pay for its stock. Northern Oil & Gas, Inc. has a marketcap of $1300414000.