Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) was the target of a large increase in short interest in September. As of September 14th, there was short interest totalling 16,407,939 shares, an increase of 21.4% from the August 31st total of 13,517,030 shares. Based on an average trading volume of 3,843,578 shares, the short-interest ratio is currently 4.3 days. Approximately 10.7% of the shares of the stock are short sold.

A number of large investors have recently added to or reduced their stakes in the business. Angelo Gordon & CO. L.P. acquired a new position in Northern Oil & Gas in the second quarter valued at about $39,076,000. BlackRock Inc. boosted its position in Northern Oil & Gas by 502.0% in the second quarter. BlackRock Inc. now owns 8,368,829 shares of the energy company’s stock valued at $26,362,000 after buying an additional 6,978,583 shares in the last quarter. TPG Group Holdings SBS Advisors Inc. acquired a new position in Northern Oil & Gas in the second quarter valued at about $25,200,000. Nokota Management LP acquired a new position in Northern Oil & Gas in the second quarter valued at about $20,570,000. Finally, Serengeti Asset Management LP boosted its position in Northern Oil & Gas by 170.8% in the second quarter. Serengeti Asset Management LP now owns 3,250,000 shares of the energy company’s stock valued at $10,238,000 after buying an additional 2,050,000 shares in the last quarter.

Several brokerages have recently weighed in on NOG. Northland Securities set a $6.00 target price on shares of Northern Oil & Gas and gave the company a “buy” rating in a research report on Wednesday, August 1st. Stifel Nicolaus set a $4.00 target price on shares of Northern Oil & Gas and gave the company a “buy” rating in a research report on Wednesday, August 1st. Capital One Financial upgraded shares of Northern Oil & Gas from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 31st. Zacks Investment Research upgraded shares of Northern Oil & Gas from a “hold” rating to a “strong-buy” rating and set a $4.00 price target on the stock in a research report on Saturday, July 21st. Finally, Imperial Capital set a $3.00 price target on shares of Northern Oil & Gas and gave the company a “hold” rating in a research report on Wednesday, June 13th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $4.17.

NYSEAMERICAN:NOG opened at $3.94 on Wednesday. Northern Oil & Gas has a 12 month low of $0.63 and a 12 month high of $4.09.

Northern Oil & Gas (NYSEAMERICAN:NOG) last released its quarterly earnings results on Thursday, August 9th. The energy company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.01. The firm had revenue of $96.78 million during the quarter, compared to analyst estimates 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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