Shares of Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) have earned an average rating of “Hold” from the six research firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $1.50.
A number of brokerages recently commented on NOG. Zacks Investment Research raised shares of Northern Oil & Gas from a “hold” rating to a “strong-buy” rating and set a $1.00 price target for the company in a report on Wednesday, October 11th. Imperial Capital began coverage on shares of Northern Oil & Gas in a report on Tuesday, October 3rd. They issued an “in-line” rating and a $1.00 price target for the company. Finally, Royal Bank of Canada set a $2.00 price target on shares of Northern Oil & Gas and gave the company a “hold” rating in a report on Thursday, August 24th.
Northern Oil & Gas (NYSEAMERICAN:NOG) traded down $0.04 on Friday, hitting $1.61. 915,600 shares of the company’s stock traded hands, compared to its average volume of 906,562. Northern Oil & Gas has a twelve month low of $0.63 and a twelve month high of $4.00.
Northern Oil & Gas (NYSEAMERICAN:NOG) last released its quarterly earnings data on Wednesday, November 8th. The energy company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.05. The company had revenue of $54.26 million for the quarter, compared to the consensus estimate of $51.04 million. During the same period last year, the company earned $0.04 EPS. The firm’s revenue for the quarter was up 30.1% on a year-over-year basis.
Several large investors have recently modified their holdings of the company. Gen IV Investment Opportunities LLC purchased a new position in Northern Oil & Gas during the third quarter valued at approximately $989,000. Virtu KCG Holdings LLC increased its holdings in Northern Oil & Gas by 237.4% during the second quarter. Virtu KCG Holdings LLC now owns 148,902 shares of the energy company’s stock valued at $208,000 after buying an additional 104,769 shares during the period. Vanguard Group Inc. increased its holdings in Northern Oil & Gas by 33.4% during the second quarter. Vanguard Group Inc. now owns 3,613,020 shares of the energy company’s stock valued at $5,058,000 after buying an additional 905,328 shares during the period. Quantitative Investment Management LLC increased its holdings in Northern Oil & Gas by 11.3% during the second quarter. Quantitative Investment Management LLC now owns 90,500 shares of the energy company’s stock valued at $126,000 after buying an additional 9,200 shares during the period. Finally, Isthmus Partners LLC increased its holdings in Northern Oil & Gas by 60.7% during the second quarter. Isthmus Partners LLC now owns 270,642 shares of the energy company’s stock valued at $379,000 after buying an additional 102,198 shares during the period.
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Northern Oil & Gas Company Profile
Northern Oil and Gas, Inc is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and natural gas properties, primarily in the Bakken and Three Forks formations within the Williston Basin in North Dakota and Montana. The Company holds working interests in over 2,630 gross (204.3 net) producing wells, including over 2,630 wells targeting the Bakken and Three Forks formations and over two wells targeting other formations.
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