Zacks: Analysts Set $4.10 Target Price for Northern Oil and Gas, Inc. (NASDAQ:NOG)

Northern Oil and Gas, Inc. (NASDAQ:NOG) has been given an average broker rating score of 1.33 (Strong Buy) from the six analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and five have given a strong buy rating to the company.

Analysts have set a 1 year consensus price target of $4.10 for the company and are predicting that the company will post $0.11 EPS for the current quarter, according to Zacks. Zacks has also assigned Northern Oil and Gas an industry rank of 215 out of 256 based on the ratings given to related companies.

NOG has been the subject of a number of recent analyst reports. Seaport Global Securities reiterated a “buy” rating on shares of W&T Offshore in a report on Friday, June 21st. BidaskClub cut Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th.

Shares of NOG stock traded down $0.01 on Friday, reaching $1.64. 151,879 shares of the stock were exchanged, compared to its average volume of 5,264,322. Northern Oil and Gas has a one year low of $1.54 and a one year high of $4.49. The firm’s 50 day moving average price is $1.93.

Northern Oil and Gas (NASDAQ:NOG) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). The company had revenue of $132.68 million during the quarter, compared to analyst estimates of $142.86 million.

About Northern Oil and Gas

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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