Northern Oil & Gas stock saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 69 to 74.
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the best-performing stocks typically have an RS Rating of over 80 as they launch their biggest price moves. See if Northern Oil & Gas stock can continue to rebound and clear that threshold.
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Is Northern Oil & Gas Stock A Buy?
Northern Oil & Gas stock is building a cup without handle with a 43.64 buy point. See if the stock can clear the breakout price in volume at least 40% above average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Top and bottom line growth moved higher last quarter. Earnings were up 13%, compared to -4% in the prior report. Revenue increased from -60% to 114%. The next quarterly numbers are expected on or around Apr. 30.
Northern Oil & Gas stock holds the No. 5 rank among its peers in the Oil & Gas-U.S. Exploration & Production industry group. Matador Resources is the top-ranked stock within the group.
