Zacks Investment Research upgraded shares of Northern Oil & Gas, Inc. (AMEX:NOG) from a sell rating to a hold rating in a research report sent to investors on Friday.

According to Zacks, “NORTHRN OIL & GAS, Inc. is an exploration and production company based in Wayzata, Minnesota. Northern Oil’s core area of focus is the Williston Basin, specifically the Mountrail County, North Dakota area Bakken Play. Northern Oil’s secondary objective is conventional, 3D driven, oil and gas exploration and development throughout the Rocky Mountain region. “

Several other brokerages have also commented on NOG. Scotiabank reiterated a hold rating and issued a $3.00 price target on shares of Northern Oil & Gas in a research note on Monday, April 3rd. Royal Bank Of Canada set a $4.00 price target on shares of Northern Oil & Gas and gave the company a hold rating in a research note on Tuesday, April 25th. ValuEngine lowered shares of Northern Oil & Gas from a buy rating to a hold rating in a research note on Friday, June 2nd. Finally, Capital One Financial Corporation lowered shares of Northern Oil & Gas from an equal weight rating to an underweight rating in a research note on Wednesday, June 21st. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The company has a consensus rating of Hold and an average target price of $2.50.

Shares of Northern Oil & Gas (AMEX:NOG) opened at 1.25 on Friday. Northern Oil & Gas has a 52-week low of $1.05 and a 52-week high of $4.34. The stock’s market cap is $76.93 million. The firm’s 50-day moving average is $1.35 and its 200 day moving average is $2.28.

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Institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP raised its position in shares of Northern Oil & Gas by 2.2% in the first quarter. Wellington Management Group LLP now owns 230,214 shares of the energy company’s stock worth $598,000 after buying an additional 4,988 shares during the period. Principal Financial Group Inc. raised its position in shares of Northern Oil & Gas by 0.5% in the first quarter. Principal Financial Group Inc. now owns 331,722 shares of the energy company’s stock worth $862,000 after buying an additional 1,555 shares during the period. OppenheimerFunds Inc. raised its position 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 worth $111,000 after buying an additional 14,327 shares during the period. Schroder Investment Management Group raised its position in shares of Northern Oil & Gas by 19.9% in the first quarter. Schroder Investment Management Group now owns 2,525,329 shares of the energy company’s stock worth $6,313,000 after buying an additional 419,604 shares during the period. Finally, Isthmus Partners LLC raised its position in shares of Northern Oil & Gas by 11.3% in the first quarter. Isthmus Partners LLC now owns 168,444 shares of the energy company’s stock worth $438,000 after buying an additional 17,157 shares during the period.

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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