Northern Oil and Gas (NOG) : During the past 4 weeks, traders have been relatively bearish on Northern Oil and Gas (NOG), hence the stock is down -17.22% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.94% relative to the S&P 500. The 4-week change in the price of the stock is -15.17% and the stock has fallen -2.53% in the past 1 week.
Northern Oil and Gas (NYSEMKT:NOG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.45 and $3.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.01. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.86, notching a gain of 3.49% for the day. The total traded volume was 1,371,763 . The stock had closed at $3.73 on the previous day.
The stock has recorded a 20-day Moving Average of 8.42% and the 50-Day Moving Average is 13.02%. Northern Oil and Gas, Inc. has dropped 19.58% during the last 3-month period . Year-to-Date the stock performance stands at 0%.
Northern Oil and Gas (NOG) : 7 investment research analysts covering Northern Oil and Gas (NOG) have an average price target of $5.86 for the near short term. The highest target price given by the Brokerage Firm to the stock is $9 and the lowest target is $2 for the short term. Analysts expect the variance to be within $2.27 of the average price.
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.