Imperial Capital set a $2.00 price target on Northern Oil and Gas (NYSEAMERICAN:NOG) in a report published on Tuesday, Marketbeat.com reports. The firm currently has an in-line rating on the energy company’s stock. Imperial Capital also issued estimates for Northern Oil and Gas’ Q1 2018 earnings at $0.10 EPS, Q2 2018 earnings at $0.03 EPS, Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.04 EPS, FY2018 earnings at $0.21 EPS and FY2019 earnings at $0.22 EPS.
Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Northern Oil and Gas from a hold rating to a buy rating and set a $2.25 price target on the stock in a research report on Thursday, March 1st. Stifel Nicolaus started coverage on Northern Oil and Gas in a research report on Monday. They issued a buy rating and a $3.10 price target on the stock. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $2.27.
Shares of NYSEAMERICAN NOG opened at $1.69 on Tuesday. Northern Oil and Gas has a 52 week low of $0.63 and a 52 week high of $2.97.
A number of institutional investors have recently added to or reduced their stakes in the business. Advisors Preferred LLC grew its position in Northern Oil and Gas by 628.9% in the fourth quarter. Advisors Preferred LLC now owns 56,571 shares of the energy company’s stock valued at $116,000 after acquiring an additional 48,810 shares during the last quarter. Wedbush Securities Inc. bought a new position in Northern Oil and Gas in the fourth quarter valued at about $166,000. SNS Financial Group LLC bought a new position in Northern Oil and Gas in the fourth quarter valued at about $103,000. Finally, Virtu Financial LLC grew its position in Northern Oil and Gas by 23.7% in the fourth quarter. Virtu Financial LLC now owns 167,968 shares of the energy company’s stock valued at $344,000 after acquiring an additional 32,180 shares during the last quarter.
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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