Imperial Capital began coverage on shares of Northern Oil & Gas, Inc. (AMEX:NOG) in a research note issued to investors on Tuesday. The brokerage issued an in-line rating and a $1.00 price target on the energy company’s stock.

A number of other research analysts have also weighed in on NOG. Zacks Investment Research raised Northern Oil & Gas from a sell rating to a hold rating in a report on Friday, July 28th. Capital One Financial Corporation downgraded Northern Oil & Gas from an equal weight rating to an underweight rating in a report on Wednesday, June 21st. Royal Bank Of Canada set a $2.00 target price on Northern Oil & Gas and gave the company a hold rating in a research report on Thursday, August 24th. Finally, Scotiabank set a $2.00 price target on shares of Northern Oil & Gas and gave the stock a hold rating in a report on Saturday, July 1st. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Northern Oil & Gas presently has a consensus rating of Hold and a consensus price target of $1.67.

Northern Oil & Gas (NOG) opened at 0.979 on Tuesday. The firm has a 50-day moving average price of $0.89 and a 200 day moving average price of $1.55. The stock’s market capitalization is $60.42 million. Northern Oil & Gas has a 12 month low of $0.66 and a 12 month high of $4.00.

Northern Oil & Gas (AMEX:NOG) last issued its earnings results on Tuesday, August 8th. The energy company reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.24. The firm had revenue of $64.90 million during the quarter, compared to analysts’ expectations of $48.06 million. During the same quarter last year, the business earned $0.10 EPS. The business’s revenue was up 102.8% on a year-over-year basis. Equities analysts anticipate that Northern Oil & Gas will post $0.01 earnings per share for the current year.

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A number of large investors have recently bought and sold shares of NOG. State of Tennessee Treasury Department grew its position in Northern Oil & Gas by 1.6% during the 1st quarter. State of Tennessee Treasury Department now owns 41,525 shares of the energy company’s stock worth $108,000 after purchasing an additional 662 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Northern Oil & Gas by 0.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 227,945 shares of the energy company’s stock valued at $319,000 after buying an additional 705 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Northern Oil & Gas by 2.1% in the 1st quarter. Prudential Financial Inc. now owns 74,229 shares of the energy company’s stock valued at $193,000 after buying an additional 1,500 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Northern Oil & Gas by 0.5% in the 1st quarter. Principal Financial Group Inc. now owns 331,722 shares of the energy company’s stock valued at $862,000 after buying an additional 1,555 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Northern Oil & Gas by 0.3% in the 1st quarter. Bank of New York Mellon Corp now owns 707,647 shares of the energy company’s stock valued at $1,840,000 after buying an additional 2,329 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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