Fmr LLC Holds Position in Northern Oil & Gas, Inc. (AMEX:NOG)

FMR LLC maintained its stake in shares of Northern Oil & Gas, Inc. (AMEX:NOG) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,165,984 shares of the energy company’s stock at the end of the first quarter. FMR LLC’s holdings in Northern Oil & Gas were worth $3,032,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in NOG. State of Tennessee Treasury Department increased its stake in shares of Northern Oil & Gas by 1.6% in the first quarter. State of Tennessee Treasury Department now owns 41,525 shares of the energy company’s stock valued at $108,000 after buying an additional 662 shares during the last quarter. OppenheimerFunds Inc. increased its stake in shares of Northern Oil & Gas by 50.8% in the first quarter. OppenheimerFunds Inc. now owns 42,557 shares of the energy company’s stock valued at $111,000 after buying an additional 14,327 shares during the last quarter. Hartford Investment Management Co. bought a new stake in shares of Northern Oil & Gas during the first quarter valued at approximately $158,000. Prudential Financial Inc. increased its stake in shares of Northern Oil & Gas by 2.1% in the first quarter. Prudential Financial Inc. now owns 74,229 shares of the energy company’s stock valued at $193,000 after buying an additional 1,500 shares during the last quarter. Finally, Teachers Advisors LLC increased its stake in Northern Oil & Gas by 13.7% in the fourth quarter. Teachers Advisors LLC now owns 109,180 shares of the energy company’s stock worth $300,000 after buying an additional 13,158 shares in the last quarter.

Shares of Northern Oil & Gas, Inc. (AMEX:NOG) opened at 1.01 on Friday. The firm has a 50-day moving average of $1.22 and a 200-day moving average of $2.15. The company’s market cap is $62.16 million. Northern Oil & Gas, Inc. has a 12-month low of $0.85 and a 12-month high of $4.01.

Northern Oil & Gas (AMEX:NOG) last announced its earnings results on Tuesday, August 8th. The energy company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.24. The company had revenue of $64.90 million for the quarter, compared to the consensus estimate of $48.06 million. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The company’s revenue for the quarter was up 102.8% compared to the same quarter last year. Analysts predict that Northern Oil & Gas, Inc. will post ($0.01) EPS for the current year.

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A number of analysts have issued reports on the stock. Capital One Financial Corporation downgraded shares of Northern Oil & Gas from an “equal weight” rating to an “underweight” rating in a report on Wednesday, June 21st. Zacks Investment Research raised shares of Northern Oil & Gas from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Scotiabank set a $2.00 price objective on shares of Northern Oil & Gas and gave the company a “hold” rating in a report on Saturday, July 1st. ValuEngine downgraded shares of Northern Oil & Gas from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Royal Bank Of Canada set a $4.00 price objective on shares of Northern Oil & Gas and gave the company a “hold” rating in a report on Tuesday, April 25th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Northern Oil & Gas currently has a consensus rating of “Hold” and a consensus target price of $2.50.

Northern Oil & Gas Company Profile

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.

Institutional Ownership by Quarter for Northern Oil & Gas (AMEX:NOG)

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