Northern Oil and Gas (NOG) Research Coverage Started at Stifel Nicolaus

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.



Northern Oil and Gas (NYSEAMERICAN:NOG) last posted its quarterly earnings data on Thursday, February 22nd. The energy company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.03 by $0.07. The firm had revenue of $72.48 million for the quarter, compared to analysts’ expectations of $65.00 million. The firm’s quarterly revenue was up 54.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.04 earnings per share.

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.

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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.

Analyst Recommendations for Northern Oil and Gas (NYSEAMERICAN:NOG)

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