Northern Oil & Gas Given New $24.00 Price Target at Howard Weil (NOG)
Equities researchers at Howard Weil upped their price objective on shares of Northern Oil & Gas (NYSE:NOG) from $21.00 to $24.00 in a research report issued on Thursday. The firm currently has a “sector outperform” rating on the stock. Howard Weil’s price target indicates a potential upside of 41.84% from the stock’s previous close.
Shares of Northern Oil & Gas (NYSE:NOG) opened at 16.92 on Thursday. Northern Oil & Gas has a 52 week low of $11.79 and a 52 week high of $17.90. The stock has a 50-day moving average of $15. and a 200-day moving average of $14.94. The company has a market cap of $1.022 billion and a price-to-earnings ratio of 20.68.
Northern Oil & Gas (NYSE:NOG) last announced its earnings results on Thursday, May 8th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.24 by $0.05. The company had revenue of $82.12 million for the quarter, compared to the consensus estimate of $93.76 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 20.9% on a year-over-year basis. Analysts expect that Northern Oil & Gas will post $0.92 EPS for the current fiscal year.
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.
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