Northern Oil and Gas (NOG) Shares are Down -6.7%

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 -15.48% 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 -6.09% relative to the S&P 500. The 4-week change in the price of the stock is -15.66% and the stock has fallen -6.7% in the past 1 week.

Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 10.36% and the fifty day Moving Average is 20.59%. Northern Oil and Gas, Inc. has dropped 25.45% during the last three month period . Year-to-Date the stock performance stands at -13.47%.

Northern Oil and Gas (NOG) : The highest level Northern Oil and Gas (NOG) is projected to reach is $8 for the short term and the lowest estimate is at $2. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $5.1 and the possibility the share price can swing is $2.01.


Northern Oil and Gas (NYSEMKT:NOG): stock turned positive on Friday. Though the stock opened at $3.23, the bulls momentum made the stock top out at $3.47 level for the day. The stock recorded a low of $3.23 and closed the trading day at $3.34, in the green by 2.45%. The total traded volume for the day was 1,416,797. The stock had closed at $3.26 in the previous days trading.

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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