Northern Oil and Gas (NOG) : Analyst Rating Update

Northern Oil and Gas (NOG) : 6 analysts are covering Northern Oil and Gas (NOG) and their average rating on the stock is 2.83, which is read as a Hold. Northern Oil and Gas (NOG) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Northern Oil and Gas (NOG) : 7 Wall Street analysts covering Northern Oil and Gas (NOG) believe that the average level the stock could reach for the short term is $5.86. The maximum price target given is $9 and the minimum target for short term is around $2, hence the standard deviation is calculated at $2.27.

Northern Oil and Gas (NYSEMKT:NOG): The stock opened at $4.43 on Wednesday but the bulls could not build on the opening and the stock topped out at $4.51 for the day. The stock traded down to $4.36 during the day, due to lack of any buying support eventually closed down at $4.39 with a loss of -2.88% for the day. The stock had closed at $4.52 on the previous day. The total traded volume was 514,814 shares.

Also, Wunderlich maintains their rating on the shares of Northern Oil and Gas (NYSEMKT:NOG). The current rating of the shares is Hold. Equity Analysts at the Firm raises the price target to $5 per share from $4 per share. The rating by the firm was issued on May 20, 2016. The company shares have dropped -20.42% from its 1 Year high price. On Jul 15, 2015, the shares registered one year high at $6.29 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $4.61 and the 200 Day Moving Average price is recorded at $4.06.

Northern Oil and Gas, Inc. is an independent energy company. The Company is engaged in the acquisition, exploration, exploitation, development and production of crude oil and natural gas properties. Its principal business is crude oil and natural gas exploration, development and production with operations in North Dakota and Montana that primarily target the Bakken and Three Forks formations in the Williston basin of the United States. The Company acquires leasehold interests that comprise of non-operated working interests in wells and in drilling projects within its area of operations. The Company owns working interests in 2,338 gross (185.7 net) producing wells, consisting of 2,337 wells targeting the Bakken and Three Forks formations and one exploratory well targeting another formation.

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