Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG)’s share price shot up 6.2% on Tuesday . The stock traded as high as $2.93 and last traded at $2.92. 6,884,800 shares were traded during trading, an increase of 81% from the average session volume of 3,797,744 shares. The stock had previously closed at $2.75.
Several research firms have weighed in on NOG. Stifel Nicolaus set a $4.00 target price on Northern Oil & Gas and gave the company a “buy” rating in a report on Wednesday, August 1st. Northland Securities set a $6.00 target price on Northern Oil & Gas and gave the company a “buy” rating in a report on Wednesday, August 1st. Zacks Investment Research lowered Northern Oil & Gas from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 10th. Finally, Capital One Financial upgraded Northern Oil & Gas from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 31st. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $4.17.
Northern Oil & Gas (NYSEAMERICAN:NOG) last released its earnings results on Thursday, August 9th. The energy company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $96.78 million for the quarter, compared to analyst estimates of $95.20 million.
Northern Oil & Gas Company Profile (NYSEAMERICAN:NOG)
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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