Shares of Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) gapped up before the market opened on Monday . The stock had previously closed at $1.74, but opened at $1.78. Northern Oil & Gas shares last traded at $1.82, with a volume of 4,906,153 shares changing hands.
Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Northern Oil & Gas from a “hold” rating to a “sell” rating in a research report on Tuesday, November 26th. Northland Securities started coverage on shares of Northern Oil & Gas in a research report on Thursday, November 21st. They set a “buy” rating and a $3.25 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $3.44.
Northern Oil & Gas (NYSEAMERICAN:NOG) last posted its earnings results on Tuesday, November 12th. The energy company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.02). The business had revenue of $233.88 million for the quarter, compared to the consensus estimate of $170.59 million.
A number of hedge funds and other institutional investors have recently bought and sold shares of NOG. Prudential Financial Inc. increased its stake in Northern Oil & Gas by 40.9% during the second quarter. Prudential Financial Inc. now owns 21,540 shares of the energy company’s stock worth $42,000 after purchasing an additional 6,250 shares during the period. Sterling Investment Advisors Ltd. increased its stake in Northern Oil & Gas by 13.5% during the third quarter. Sterling Investment Advisors Ltd. now owns 81,174 shares of the energy company’s stock worth $159,000 after purchasing an additional 9,674 shares during the period. Wedbush Securities Inc. purchased a new stake in Northern Oil & Gas during the second quarter worth about $27,000. Aperio Group LLC purchased a new stake in Northern Oil & Gas during the second quarter worth about $31,000. Finally, California State Teachers Retirement System increased its stake in Northern Oil & Gas by 5.5% during the third quarter. California State Teachers Retirement System now owns 453,928 shares of the energy company’s stock worth $890,000 after purchasing an additional 23,827 shares during the period.
Northern Oil & Gas Company Profile (NYSEAMERICAN:NOG)
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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