Northern Oil & Gas (NOG) Shares Gap Up to $3.03

Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $2.91, but opened at $3.03. Northern Oil & Gas shares last traded at $3.12, with a volume of 4439146 shares.

NOG has been the topic of a number of analyst reports. Capital One Financial upgraded shares of Northern Oil & Gas from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 31st. Northland Securities set a $6.00 price objective on shares of Northern Oil & Gas and gave the company a “buy” rating in a research report on Wednesday, August 1st. Zacks Investment Research lowered shares of Northern Oil & Gas from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 10th. Finally, Stifel Nicolaus set a $4.00 price objective on shares of Northern Oil & Gas and gave the company a “buy” rating in a research report on Wednesday, August 1st. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Northern Oil & Gas currently has a consensus rating of “Buy” and an average target price of $4.17.

Northern Oil & Gas (NYSEAMERICAN:NOG) last released its quarterly earnings results on Thursday, August 9th. The energy company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The firm had revenue of $96.78 million for the quarter, compared to analyst estimates of $95.20 million.



Large investors have recently added to or reduced their stakes in the company. James Investment Research Inc. acquired a new position in Northern Oil & Gas in the 3rd quarter valued at about $2,379,000. Fisher Asset Management LLC raised its stake in Northern Oil & Gas by 28.7% in the 3rd quarter. Fisher Asset Management LLC now owns 497,419 shares of the energy company’s stock valued at $1,990,000 after purchasing an additional 110,919 shares during the last quarter. CAPROCK Group Inc. acquired a new position in Northern Oil & Gas in the 3rd quarter valued at about $156,000. Northern Trust Corp raised its stake in Northern Oil & Gas by 729.4% in the 2nd quarter. Northern Trust Corp now owns 1,442,528 shares of the energy company’s stock valued at $4,544,000 after purchasing an additional 1,268,597 shares during the last quarter. Finally, TPG Group Holdings SBS Advisors Inc. acquired a new position in Northern Oil & Gas in the 2nd quarter valued at about $25,200,000.

About Northern Oil & Gas (NYSEAMERICAN:NOG)

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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