Shares of Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) have been given a consensus recommendation of “Buy” by the seven research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $4.20.

NOG has been the topic of a number of recent research reports. Northland Securities initiated coverage on shares of Northern Oil & Gas in a report on Wednesday, May 30th. They issued an “outperform” rating and a $4.00 price objective on the stock. SunTrust Banks upgraded shares of Northern Oil & Gas from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. Seaport Global Securities upgraded shares of Northern Oil & Gas from a “neutral” rating to a “buy” rating and set a $4.00 price objective on the stock in a report on Monday, June 4th. Stifel Nicolaus set a $4.00 price objective on shares of Northern Oil & Gas and gave the stock a “buy” rating in a report on Tuesday, June 12th. Finally, Imperial Capital set a $3.00 price target on shares of Northern Oil & Gas and gave the company a “hold” rating in a report on Wednesday, June 13th.

Large investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Northern Oil & Gas by 151.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 35,509 shares of the energy company’s stock valued at $112,000 after buying an additional 21,374 shares during the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in Northern Oil & Gas in the second quarter worth approximately $120,000. Voya Investment Management LLC purchased a new stake in Northern Oil & Gas in the second quarter worth approximately $123,000. Metropolitan Life Insurance Co. NY purchased a new stake in Northern Oil & Gas in the second quarter worth approximately $127,000. Finally, Dimensional Fund Advisors LP purchased a new stake in Northern Oil & Gas in the first quarter worth approximately $147,000.

NOG traded up $0.12 during midday trading on Tuesday, reaching $3.94. The company’s stock had a trading volume of 9,604,700 shares, compared to its average volume of 3,609,938. Northern Oil & Gas has a 1 year low of $0.63 and a 1 year high of $4.09.

Northern Oil & Gas (NYSEAMERICAN:NOG) last announced its quarterly earnings data on Thursday, August 9th. The energy company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.01. The business had revenue of $96.78 million during the quarter, compared to analysts’ expectations of $95.20 million.

Northern Oil & Gas Company Profile

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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Analyst Recommendations for Northern Oil & Gas (NYSEAMERICAN:NOG)

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