Post by
PWIB123 on Aug 27, 2021 3:35pm
Undervalued...severely
NOG is outrageously undervalued. And with the most recent natural gas acquisition, it's looking even more undervalued. Forward PE ratio is under 4x. Analaysts have price targets on the stock ranging from $20-$30. Executive leadership is executing on a 3-pronged strategy to grow, increase dividend, pay down debt. They are executing really well and production levels are outperforming guidance. When investors decide oil isn't going to get wiped out again due to the pandemic, this stock is going to soar. It was just over $21 in the not too distant past. Nothing has changed at the company level other than having now posted better than expected results. The value is there.