Northern Oil & Gas, Inc. (NYSEMKT:NOG) has been assigned a consensus rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $3.25.
A number of analysts recently issued reports on the stock. Imperial Capital restated an “in-line” rating on shares of Northern Oil & Gas in a report on Tuesday, October 3rd. 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.
Shares of Northern Oil & Gas (NOG) traded down 6.989% during midday trading on Thursday, reaching $0.865. 420,019 shares of the company’s stock traded hands. The company has a 50 day moving average of $0.88 and a 200 day moving average of $1.53. The firm’s market cap is $55.21 million. Northern Oil & Gas has a 52-week low of $0.66 and a 52-week high of $4.00.
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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