Northern Oil and Gas (NOG) Shares are Up 0.9%

Northern Oil and Gas (NOG) has been under a strong bear grip, hence the stock is down -12.58% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.39% in the past 1 week. The stock has risen by 0.9% in the past week indicating that the buyers are active at lower levels, but the stock is down -12.69% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 7.1% and the 50-Day Moving Average is 16.87%.The 200 Day SMA reached 17.65%. Northern Oil and Gas, Inc. has dropped 25.77% during the last 3-month period . Year-to-Date the stock performance stands at -12.69%.


Northern Oil and Gas (NYSEMKT:NOG): After opening at $3.32, the stock dipped to an intraday low of $3.29 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $3.42 and the buying power remained strong till the end. The stock closed at $3.37 for the day, a gain of 3.37% for the day session. The total traded volume was 882,573. The stocks close on the previous trading day 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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