Stifel Nicolaus initiated coverage on shares of Northern Oil and Gas (NYSEAMERICAN:NOG) in a research report report published on Monday, MarketBeat reports. The brokerage issued a buy rating and a $3.10 target price on the energy company’s stock.
Other research analysts have also issued reports about the stock. Zacks Investment Research raised shares of Northern Oil and Gas from a hold rating to a buy rating and set a $2.25 price objective for the company in a research note on Thursday, March 1st. Imperial Capital set a $2.00 price objective on shares of Northern Oil and Gas and gave the stock a hold rating in a research note on Thursday, December 21st. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $2.27.
NOG stock opened at $1.62 on Monday. Northern Oil and Gas has a fifty-two week low of $0.63 and a fifty-two week high of $2.97.
Large investors have recently added to or reduced their stakes in the company. SNS Financial Group LLC bought a new stake in shares of Northern Oil and Gas during the fourth quarter worth $103,000. Advisors Preferred LLC lifted its position in shares of Northern Oil and Gas by 628.9% during the fourth quarter. Advisors Preferred LLC now owns 56,571 shares of the energy company’s stock worth $116,000 after purchasing an additional 48,810 shares during the last quarter. Wedbush Securities Inc. bought a new stake in shares of Northern Oil and Gas during the fourth quarter worth $166,000. Virtu Financial LLC lifted its position in shares of Northern Oil and Gas by 23.7% during the fourth quarter. Virtu Financial LLC now owns 167,968 shares of the energy company’s stock worth $344,000 after purchasing an additional 32,180 shares during the last quarter. Finally, Gen IV Investment Opportunities LLC bought a new stake in shares of Northern Oil and Gas during the third quarter worth $989,000.
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.
Receive News & Ratings for Northern Oil and Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Oil and Gas and related companies with MarketBeat.com's FREE daily email newsletter.