Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) has earned an average rating of “Hold” from the six research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $2.06.
Several analysts have recently weighed in on NOG shares. Zacks Investment Research raised Northern Oil & Gas from a “hold” rating to a “buy” rating and set a $2.25 price objective on the stock in a report on Thursday, March 1st. Imperial Capital set a $2.00 price objective on Northern Oil & Gas and gave the stock a “hold” rating in a report on Thursday, December 21st.
Shares of Northern Oil & Gas (NYSEAMERICAN:NOG) traded up $0.08 during trading hours on Friday, hitting $2.15. The stock had a trading volume of 1,064,585 shares, compared to its average volume of 1,867,277. Northern Oil & Gas has a one year low of $0.63 and a one year high of $3.05. The firm has a market cap of $136.50, a price-to-earnings ratio of -14.79 and a beta of 1.59.
Northern Oil & Gas (NYSEAMERICAN:NOG) last announced its quarterly earnings data on Thursday, February 22nd. The energy company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.07. The firm had revenue of $72.48 million for the quarter, compared to analyst estimates of $65.00 million. During the same period in the previous year, the business posted $0.04 EPS. Northern Oil & Gas’s revenue for the quarter was up 54.0% compared to the same quarter last year.
Hedge funds have recently made changes to their positions in the stock. SNS Financial Group LLC acquired a new stake in Northern Oil & Gas in the 4th quarter valued at $103,000. Advisors Preferred LLC boosted its stake in Northern Oil & Gas by 628.9% in the 4th quarter. Advisors Preferred LLC now owns 56,571 shares of the energy company’s stock valued at $116,000 after buying an additional 48,810 shares in the last quarter. Wedbush Securities Inc. acquired a new stake in Northern Oil & Gas in the 4th quarter valued at $166,000. Virtu Financial LLC boosted its stake in Northern Oil & Gas by 23.7% in the 4th quarter. Virtu Financial LLC now owns 167,968 shares of the energy company’s stock valued at $344,000 after buying an additional 32,180 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Northern Oil & Gas by 0.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 227,945 shares of the energy company’s stock valued at $319,000 after buying an additional 705 shares in the last quarter.
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Northern Oil & Gas Company Profile
Northern Oil and Gas, Inc is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and natural gas properties, primarily in the Bakken and Three Forks formations within the Williston Basin in North Dakota and Montana. The Company holds working interests in over 2,630 gross (204.3 net) producing wells, including over 2,630 wells targeting the Bakken and Three Forks formations and over two wells targeting other formations.
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