Northern Oil & Gas, Inc. (NOG) Receives Consensus Rating of “Hold” from Brokerages
Northern Oil & Gas, Inc. (NYSEMKT:NOG) has earned a consensus recommendation of “Hold” from the six ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $3.25.
Several equities analysts have recently issued reports on the company. Imperial Capital restated an “in-line” rating on shares of Northern Oil & Gas in a research report on Tuesday. Capital One Financial Corporation downgraded Northern Oil & Gas from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, June 21st.
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Shares of Northern Oil & Gas (NYSEMKT:NOG) opened at 0.9294 on Thursday. The firm’s market capitalization is $57.36 million. Northern Oil & Gas has a 52-week low of $0.66 and a 52-week high of $4.00. The firm’s 50-day moving average price is $0.89 and its 200-day moving average price is $1.54.
About Northern Oil & Gas
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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