Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) gapped up prior to trading on Tuesday . The stock had previously closed at $2.60, but opened at $2.69. Northern Oil & Gas shares last traded at $2.72, with a volume of 4617826 shares.

NOG has been the subject of a number of analyst reports. Imperial Capital set a $3.00 price target on Northern Oil & Gas and gave the stock a “hold” rating in a research note on Wednesday, January 23rd. SunTrust Banks set a $5.00 price target on Northern Oil & Gas and gave the stock a “buy” rating in a research note on Thursday, March 21st. Northland Securities reiterated a “buy” rating and issued a $5.00 price target on shares of Northern Oil & Gas in a research note on Monday, March 18th. TheStreet upgraded Northern Oil & Gas from a “d” rating to a “c” rating in a research note on Wednesday, March 13th. Finally, Zacks Investment Research lowered Northern Oil & Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, January 30th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $4.17.

Northern Oil & Gas (NYSEAMERICAN:NOG) last announced its quarterly earnings results on Tuesday, March 12th. The energy company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.11. The business had revenue of $152.57 million during the quarter, compared to the consensus estimate of $159.29 million.

In other news, major shareholder Crestview Partners Iii Gp, L.P sold 605,842 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $2.53, for a total transaction of $1,532,780.26. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last three months, insiders sold 10,147,584 shares of company stock valued at $27,248,208.

Several large investors have recently modified their holdings of NOG. Nordea Investment Management AB increased its holdings in Northern Oil & Gas by 0.9% during the fourth quarter. Nordea Investment Management AB now owns 446,257 shares of the energy company’s stock valued at $1,009,000 after buying an additional 4,000 shares during the period. Legal & General Group Plc increased its holdings in Northern Oil & Gas by 18.2% during the fourth quarter. Legal & General Group Plc now owns 34,413 shares of the energy company’s stock valued at $78,000 after buying an additional 5,311 shares during the period. Principal Financial Group Inc. increased its holdings in Northern Oil & Gas by 35.6% during the fourth quarter. Principal Financial Group Inc. now owns 27,259 shares of the energy company’s stock valued at $62,000 after buying an additional 7,153 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in Northern Oil & Gas by 25.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 36,738 shares of the energy company’s stock valued at $83,000 after buying an additional 7,436 shares during the period. Finally, Sterling Investment Advisors Ltd. increased its holdings in Northern Oil & Gas by 19.4% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 61,500 shares of the energy company’s stock valued at $138,000 after buying an additional 10,000 shares during the period.

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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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