Brokerage Firm Rating Update on Northern Oil and Gas (NOG)

Northern Oil and Gas (NOG) : Zacks Investment Research ranks Northern Oil and Gas (NOG) as 3, which is a Hold recommendation. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 2.83, which indicates as a Hold.

Northern Oil and Gas (NOG) : The highest short term price target forecast on Northern Oil and Gas (NOG) is $8 and the lowest target price is $2. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $5.1 with a standard deviation of $2.01.


Company shares have received an average consensus rating of Hold for the current week

Northern Oil and Gas (NYSEMKT:NOG): stock was range-bound between the intraday low of $3.11 and the intraday high of $3.31 after having opened at $3.25 on Wednesdays session. The stock finally closed in the red at $3.25, a loss of -4.29%. The stock remained in the red for the whole trading day. The total traded volume was 768,939 shares. The stock failed to cross $3.31 in Wednesdays trading. The stocks closing price on Thursday was $3.26.

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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