Northern Oil and Gas (NOG) has been under a strong bear grip, hence the stock is down -20.05% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.21% in the past 1 week. The stock has risen by 0.37% in the past week indicating that the buyers are active at lower levels, but the stock is down -20.48% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 10.13% and the 50-Day Moving Average is 21.96%.The 200 Day SMA reached 31.81%
Northern Oil and Gas (NYSEMKT:NOG): The stock opened in the green at $2.98 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $2.98 and a low of $2.67 for the day. The stock did not find buyers even at the lows and closed at $2.68 recording a loss of -8.22%. 2,027,718 shares exchanged hands during the trading day. The stock had closed at $2.68 in the previous days trading.
Northern Oil and Gas (NOG) : Average target price received by Northern Oil and Gas (NOG) is $5.1 with an expected standard deviation of $2.01. The most aggressive target on the stock is $8, whereas the most downbeat target is $2. 5 financial analysts are currently covering the stock.
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.