Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul>
<li>Northern Oil and Gas, Inc. presented its first-quarter 2025 performance with a detailed outline of both its financial results and strategic positioning amid a fluctuating commodities market.</li>
<li>The company's model showcases a flexible structure without rig contracts or fixed commitments, positioning it well to adapt to market dynamics.</li>
<li>NOG describes its operational model as responsive, capable of adjusting swiftly to changes in commodity prices, which aligns with an overarching focus on profitability and return.</li>
</ul>


Northern Oil and Gas, Inc. presented its first-quarter 2025 performance with a detailed outline of both its financial results and strategic positioning amid a fluctuating commodities market.
The company's model showcases a flexible structure without rig contracts or fixed commitments, positioning it well to adapt to market dynamics.
NOG describes its operational model as responsive, capable of adjusting swiftly to changes in commodity prices, which aligns with an overarching focus on profitability and return.


Northern Oil and Gas: Can The Management Unlock Its Growth Potential...

<ul>
<li>Northern Oil and Gas Inc. (NOG) presents a multifaceted investment case characterized by an intricate blend of strategic growth initiatives, market challenges, and operational nuances as outlined in their recent earnings call.</li>
<li>A key highlight from the latest results is NOG’s strategic focus on long-term growth.</li>
<li>Despite facing formidable disruptions such as forest fires, refinery outages, and logistical challenges in the last quarter of 2024, which impacted some of their core basins like the Williston and Uinta, NOG successfully increased their 2024 oil production year-over-year by 25%.</li>
</ul>


Northern Oil and Gas Inc. (NOG) presents a multifaceted investment case characterized by an intricate blend of strategic growth initiatives, market challenges, and operational nuances as outlined in their recent earnings call.
A key highlight from the latest results is NOG’s strategic focus on long-term growth.
Despite facing formidable disruptions such as forest fires, refinery outages, and logistical challenges in the last quarter of 2024, which impacted some of their core basins like the Williston and Uinta, NOG successfully increased their 2024 oil production year-over-year by 25%.


Northern Oil & Gas Is Betting Big on Refracking—Will This Unlock Hidden Wells of Profit?

<ul>
<li>NOG (Northern Oil and Gas, Inc.), in its second quarter earnings for the fiscal year 2024, presented a solid operational and financial performance, hinting at strategic advancement and operational efficiency, albeit with considerations regarding market dynamics and strategic executions.</li>
<li>The company reported a 31% year-over-year increase in its adjusted EBITDA and an approximately 33% rise in cash flow from operations, excluding working capital changes.</li>
<li>This growth is underscored by an effective management of debt levels, maintaining a low debt-to-equity ratio which stood at around 1.1, similar to the previous year, despite significant capital investments and acquisitions.</li>
</ul>


NOG (Northern Oil and Gas, Inc.), in its second quarter earnings for the fiscal year 2024, presented a solid operational and financial performance, hinting at strategic advancement and operational efficiency, albeit with considerations regarding market dynamics and strategic executions.
The company reported a 31% year-over-year increase in its adjusted EBITDA and an approximately 33% rise in cash flow from operations, excluding working capital changes.
This growth is underscored by an effective management of debt levels, maintaining a low debt-to-equity ratio which stood at around 1.1, similar to the previous year, despite significant capital investments and acquisitions.


Northern Oil and Gas - An Insight Into Its Market Position

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>Over the last two weeks we discussed expectations for an oversold bounce; the bounce has continued. We believe it is possible we've seen the lows for this pause/pullback on SPX.</li>
<li>We see low probability of a meaningful correction if SPX is above 4300-4325 (1.5-year support), but would not be surprised to see another month+ of consolidation between 4325 and 4600.</li>
<li>Shorter-Term, as long as 4460 short-term support holds, we expect a test of 4600. Today we highlight several buys within Energy.</li>
</ul>


Over the last two weeks we discussed expectations for an oversold bounce; the bounce has continued. We believe it is possible we've seen the lows for this pause/pullback on SPX.
We see low probability of a meaningful correction if SPX is above 4300-4325 (1.5-year support), but would not be surprised to see another month+ of consolidation between 4325 and 4600.
Shorter-Term, as long as 4460 short-term support holds, we expect a test of 4600. Today we highlight several buys within Energy.


Bounce Continues; Small-Caps Test 3.5-Year RS Lows; Nasdaq/NYSE Breadth Improving; Buys in Energy

iShares Russell 2000 ETF / Technical Analysis

<ul>
<li>The market continues to send mixed signals - some neutral or healthy signals but some risk-off signals as well.</li>
<li>As long as the Russell 2000 index (IWM) is above $208, Russell Micro Cap index (IWC) is above $134-$135, and the S&amp;P 500 is above 4495, we cannot be bearish.</li>
<li>Treasury yields are not breaking down below 1.40%-1.45% support on the 10-year Treasury yield and 1.76% support on the 30-year Treasury yield.</li>
</ul>


The market continues to send mixed signals - some neutral or healthy signals but some risk-off signals as well.
As long as the Russell 2000 index (IWM) is above $208, Russell Micro Cap index (IWC) is above $134-$135, and the S&amp;P 500 is above 4495, we cannot be bearish.
Treasury yields are not breaking down below 1.40%-1.45% support on the 10-year Treasury yield and 1.76% support on the 30-year Treasury yield.


Continued Absence Of Breakdowns Is A Positive Sign; Many Bottoms-Up Stock Recommendations

United States

Northern Oil and Gas, Inc. is an oil and gas exploration and production company. The Company produces petroleum products. Northern Oil and Gas is currently focused on the Rocky Mountain regions of the United States.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Northern Oil and Gas (NOG US)

Northern Oil and Gas: Can The Management Unlock Its Growth Potential...

Northern Oil and Gas, Inc. presented its first-quarter 2025 performance with a detailed outline of both its financial results and strategic...

Baptista Research

Northern Oil & Gas Is Betting Big on Refracking—Will This Unlock Hidden Wells of Profit?

Northern Oil and Gas Inc. (NOG) presents a multifaceted investment case characterized by an intricate blend of strategic growth initiatives, market...

Baptista Research

Northern Oil and Gas - An Insight Into Its Market Position

The company reported a 31% year-over-year increase in its adjusted EBITDA and an approximately 33% rise in cash flow from operations, excluding...

Baptista Research

Bounce Continues; Small-Caps Test 3.5-Year RS Lows; Nasdaq/NYSE Breadth Improving; Buys in Energy

Expectations over the past two weeks for an oversold bounce in $SPX have played out. 4300-4325 (1.5-year support) remains solid floor, but could...

Vermilion Research

Continued Absence Of Breakdowns Is A Positive Sign; Many Bottoms-Up Stock Recommendations

As long as the Russell 2000 index (IWM) is above $208, the Russell Micro Caps index (IWC) is above $134-$135, and the S&P 500 is above 4495, we...

Vermilion Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)