Northern Oil & Gas Joins Rank Of Stocks With 95-Plus Composite Rating

The IBD SmartSelect Composite Rating for Northern Oil & Gas (NOG) increased from 94 to 97 Wednesday.


The upgrade means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often have a 95 or higher grade in the early stages of a new price run, so that’s an important benchmark to look for when looking for the best stocks to buy and watch.

Northern Oil & Gas is currently extended beyond a proper buy zone after breaking out from an 18.75 entry in a cup with handle.

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The stock earns an 86 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 86% of all stocks.

Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.

The company reported 65% earnings-per-share growth for Q3. Revenue growth increased 178%, up from -96% in the prior quarter. That marks one quarter of accelerating revenue gains.

Northern Oil & Gas earns the No. 8 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. Callon Petroleum (CPE), Coterra Energy (CTRA) and Denbury Resources (DEN) are among the top 5 highly-rated stocks within the group.


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