Shares of Northern Oil and Gas, Inc. (NYSEAMERICAN:NOG) have been assigned an average rating of “Buy” from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $13.86.
NOG has been the topic of a number of recent research reports. Royal Bank of Canada started coverage on shares of Northern Oil and Gas in a research note on Tuesday, January 26th. They set an “outperform” rating and a $14.00 price target on the stock. Truist raised their target price on shares of Northern Oil and Gas from $7.00 to $11.00 and gave the stock a “buy” rating in a research report on Thursday, December 31st. Raymond James assumed coverage on Northern Oil and Gas in a research note on Thursday, January 7th. They set a “strong-buy” rating and a $14.00 price target on the stock. Finally, Zacks Investment Research downgraded Northern Oil and Gas from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 5th.
Shares of NOG stock traded down $0.15 during midday trading on Friday, hitting $12.66. The company had a trading volume of 47,959 shares, compared to its average volume of 1,361,724. The company has a debt-to-equity ratio of 6.57, a current ratio of 1.08 and a quick ratio of 1.08. The company’s 50 day simple moving average is $8.99 and its 200 day simple moving average is $6.31. Northern Oil and Gas has a 52-week low of $3.35 and a 52-week high of $15.26. The stock has a market cap of $764.93 million, a price-to-earnings ratio of -0.57 and a beta of 2.76.
Northern Oil and Gas (NYSEAMERICAN:NOG) last posted its quarterly earnings results on Thursday, March 11th. The energy company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.02). Analysts anticipate that Northern Oil and Gas will post 1.93 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Silverleafe Capital Partners LLC bought a new stake in shares of Northern Oil and Gas during the first quarter valued at about $1,419,000. Carroll Financial Associates Inc. acquired a new position in shares of Northern Oil and Gas during the 1st quarter worth about $35,000. Schroder Investment Management Group bought a new stake in Northern Oil and Gas during the 4th quarter worth approximately $95,000. ExodusPoint Capital Management LP acquired a new position in Northern Oil and Gas in the fourth quarter worth $624,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Northern Oil and Gas by 19.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 145,939 shares of the energy company’s stock valued at $1,279,000 after buying an additional 23,876 shares in the last quarter. Institutional investors and hedge funds own 40.14% of the company’s stock.
Northern Oil and 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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