Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) has received a consensus rating of “Buy” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $4.20.
NOG has been the subject of several research analyst reports. Northland Securities reaffirmed a “buy” rating and set a $5.00 target price on shares of Northern Oil & Gas in a research note on Monday, March 18th. TheStreet raised shares of Northern Oil & Gas from a “d” rating to a “c” rating in a research note on Wednesday, March 13th. Imperial Capital set a $3.00 target price on shares of Northern Oil & Gas and gave the stock a “hold” rating in a research note on Wednesday, January 23rd. SunTrust Banks set a $5.00 target price on shares of Northern Oil & Gas and gave the stock a “buy” rating in a research note on Thursday, March 21st. Finally, Zacks Investment Research raised shares of Northern Oil & Gas from a “sell” rating to a “hold” rating in a research note on Thursday, February 7th.
In related news, major shareholder Crestview Partners Iii Gp, L.P sold 759,136 shares of the firm’s stock in a transaction that occurred on Tuesday, January 22nd. The shares were sold at an average price of $2.68, for a total value of $2,034,484.48. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 5,948,934 shares of company stock worth $14,820,204.
A number of large investors have recently modified their holdings of NOG. First National Trust Co acquired a new stake in Northern Oil & Gas during the fourth quarter worth approximately $28,000. Virtu Financial LLC acquired a new stake in Northern Oil & Gas during the first quarter worth approximately $32,000. NumerixS Investment Technologies Inc acquired a new stake in Northern Oil & Gas during the fourth quarter worth approximately $46,000. Great West Life Assurance Co. Can acquired a new stake in Northern Oil & Gas during the fourth quarter worth approximately $48,000. Finally, Tealwood Asset Management Inc. acquired a new stake in Northern Oil & Gas during the first quarter worth approximately $49,000.
Shares of NOG stock opened at $2.65 on Friday. Northern Oil & Gas has a 1-year low of $1.53 and a 1-year high of $4.49.
Northern Oil & Gas (NYSEAMERICAN:NOG) last announced its earnings results on Tuesday, March 12th. The energy company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.11. The company had revenue of $152.57 million for the quarter, compared to analysts’ expectations of $159.29 million.
About Northern Oil & 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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