Northern Oil & Gas, Inc. (NOG) Given Average Recommendation of “Buy” by Brokerages

Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) has been given an average rating of “Buy” by the seven brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $4.20.

NOG has been the subject of several research reports. Northland Securities set a $6.00 price target on shares of Northern Oil & Gas and gave the company a “buy” rating in a research report on Wednesday, August 1st. Stifel Nicolaus set a $4.00 price target on shares of Northern Oil & Gas and gave the company a “buy” rating in a research report on Wednesday, August 1st. Zacks Investment Research upgraded shares of Northern Oil & Gas from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a research report on Thursday, July 12th. Finally, Capital One Financial upgraded shares of Northern Oil & Gas from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 31st.

Shares of NYSEAMERICAN:NOG opened at $3.73 on Friday. Northern Oil & Gas has a twelve month low of $0.63 and a twelve month high of $4.49.

Northern Oil & Gas (NYSEAMERICAN:NOG) last issued its quarterly earnings data on Thursday, August 9th. The energy company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. The company had revenue of $96.78 million for the quarter, compared to analysts’ expectations of $95.20 million.

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. increased its stake in Northern Oil & Gas by 151.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 35,509 shares of the energy company’s stock valued at $112,000 after buying an additional 21,374 shares during the period. Dynamic Advisor Solutions LLC acquired a new position in Northern Oil & Gas in the 2nd quarter valued at $120,000. Voya Investment Management LLC acquired a new position in Northern Oil & Gas in the 2nd quarter valued at $123,000. Metropolitan Life Insurance Co. NY acquired a new position in Northern Oil & Gas in the 2nd quarter valued at $127,000. Finally, Engineers Gate Manager LP acquired a new position in Northern Oil & Gas in the 2nd quarter valued at $170,000.

Northern Oil & Gas Company Profile

Northern Oil and Gas, Inc, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. The company primarily holds interests in the Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana.

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Analyst Recommendations for Northern Oil & Gas (NYSEAMERICAN:NOG)

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