Brokerages Set $4.05 Price Target for Northern Oil and Gas, Inc. (NASDAQ:NOG)

Shares of Northern Oil and Gas, Inc. (NASDAQ:NOG) have been given a consensus broker rating score of 1.33 (Strong Buy) from the six analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and five have assigned a strong buy recommendation to the company.

Brokerages have set a twelve-month consensus target price of $4.05 for the company and are forecasting that the company will post $0.13 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Northern Oil and Gas an industry rank of 186 out of 256 based on the ratings given to its competitors.

NOG has been the topic of several research analyst reports. BidaskClub upgraded Northern Oil and Gas from a “strong sell” rating to a “sell” rating in a research note on Thursday. Seaport Global Securities restated a “buy” rating on shares of Northern Oil and Gas in a research note on Friday, June 21st.

NASDAQ NOG traded down $0.05 during trading hours on Monday, hitting $1.70. 5,306,327 shares of the company traded hands, compared to its average volume of 5,454,379. The stock has a 50-day simple moving average of $1.78. Northern Oil and Gas has a twelve month low of $1.40 and a twelve month high of $4.49.

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