In a report released yesterday, Scott Hanold from RBC Capital maintained a Buy rating on Northern Oil And Gas (NOG – Research Report), with a price target of $46.00. The company’s shares closed yesterday at $42.76.
Hanold covers the Energy sector, focusing on stocks such as Northern Oil And Gas, Range Resources, and Diamondback. According to TipRanks, Hanold has an average return of 26.5% and a 68.06% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Northern Oil And Gas with a $47.41 average price target, which is a 10.87% upside from current levels. In a report released yesterday, Roth MKM also assigned a Buy rating to the stock with a $47.50 price target.
NOG market cap is currently $4.27B and has a P/E ratio of 4.22.
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Northern Oil And Gas (NOG) Company Description:
Northern Oil & Gas, Inc. engages in the acquisition, exploration, development, and production of crude oil and natural gas properties. It focuses on the Bakken and Three Forks formation within the Williston Basin in North Dakota and Montana. The company was founded on March 20, 2007 and is headquartered in Minnetonka, MN.
Read More on NOG:
- Northern Oil and Gas price target lowered to $55 from $56 at Truist
- Northern Oil and Gas price target lowered to $38 from $39 at Morgan Stanley
- Northern Oil and Gas price target raised to $51 from $45 at Jefferies
- Northern Oil and Gas price target lowered to $45 from $50 at Citi
- Northern Oil and Gas sees 115,000-120,000 Boe per day of production in 2024
