Northern Oil and Gas, Inc. (NASDAQ:NOG) Receives Average Recommendation of “Strong Buy” from Analysts

Northern Oil and Gas, Inc. (NASDAQ:NOG) has been assigned a consensus broker rating score of 1.33 (Strong Buy) from the six brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and five have given a strong buy recommendation to the company.

Brokers have set a 1 year consensus price objective of $4.05 for the company and are anticipating that the company will post $0.13 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Northern Oil and Gas an industry rank of 186 out of 256 based on the ratings given to related companies.

Several brokerages recently issued reports on NOG. BidaskClub upgraded shares of Northern Oil and Gas from a “strong sell” rating to a “sell” rating in a research report on Thursday. Seaport Global Securities restated a “buy” rating on shares of Northern Oil and Gas in a research report on Friday, June 21st.

NASDAQ NOG traded down $0.01 during trading hours on Monday, hitting $1.69. 3,696,300 shares of the company’s stock traded hands, compared to its average volume of 5,442,962. The stock has a fifty day simple moving average of $1.76. Northern Oil and Gas has a 52 week low of $1.40 and a 52 week high of $4.49.

Northern Oil and Gas (NASDAQ:NOG) last announced its earnings results on Thursday, May 9th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.05). The company had revenue of $132.68 million for the quarter, compared to the consensus estimate of $142.86 million.

About Northern Oil and Gas

Northern Oil and Gas, Inc, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. The company primarily holds interests in the Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana.

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