Northern Oil and Gas (NOG) : Zacks Investment Research ranks Northern Oil and Gas (NOG) as 3, which is a Hold recommendation. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 2.83, which indicates as a Hold.
Northern Oil and Gas (NOG) : The highest level Northern Oil and Gas (NOG) is projected to reach is $8 for the short term and the lowest estimate is at $2. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $5.1 and the possibility the share price can swing is $2.01.
Northern Oil and Gas (NYSEMKT:NOG): The stock opened in the green at $2.94 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $2.98 and a low of $2.89 for the day. The stock did not find buyers even at the lows and closed at $2.91 recording a loss of -0.68%. 696,559 shares exchanged hands during the trading day. The stock had closed at $2.93 in the previous days trading.
Northern Oil and Gas, Inc. is an independent energy company. The Company is engaged in the acquisition, exploration, exploitation, development and production of crude oil and natural gas properties. Its principal business is crude oil and natural gas exploration, development and production with operations in North Dakota and Montana that primarily target the Bakken and Three Forks formations in the Williston basin of the United States. The Company acquires leasehold interests that comprise of non-operated working interests in wells and in drilling projects within its area of operations. The Company owns working interests in 2,338 gross (185.7 net) producing wells, consisting of 2,337 wells targeting the Bakken and Three Forks formations and one exploratory well targeting another formation.