Northland Securities Reaffirms “Buy” Rating for Northern Oil & Gas (NOG)

Northland Securities reissued their buy rating on shares of Northern Oil & Gas (NYSEAMERICAN:NOG) in a research report report published on Monday. The firm currently has a $5.00 target price on the energy company’s stock.

A number of other analysts also recently commented on the company. Zacks Investment Research upgraded Northern Oil & Gas from a sell rating to a hold rating in a research report on Thursday, February 7th. TheStreet upgraded Northern Oil & Gas from a d rating to a c rating in a research report on Wednesday, March 13th. Imperial Capital set a $3.00 price objective on Northern Oil & Gas and gave the stock a hold rating in a research report on Wednesday, January 23rd. Finally, SunTrust Banks reiterated a buy rating and issued a $4.00 price objective on shares of Northern Oil & Gas in a research report on Thursday, November 29th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Northern Oil & Gas currently has a consensus rating of Buy and a consensus price target of $4.00.

Shares of NYSEAMERICAN:NOG opened at $2.87 on Monday. Northern Oil & Gas has a twelve month low of $1.47 and a twelve month high of $4.49.

Northern Oil & Gas (NYSEAMERICAN:NOG) last announced its earnings results on Tuesday, March 12th. The energy company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.11. The business had revenue of $152.57 million for the quarter, compared to the consensus estimate of $159.29 million.

In other Northern Oil & Gas news, major shareholder Crestview Partners Iii Gp, L.P sold 605,842 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $2.53, for a total value of $1,532,780.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 10,147,584 shares of company stock valued at $27,248,208 in the last quarter.

Hedge funds have recently made changes to their positions in the business. Northern Trust Corp raised its holdings in shares of Northern Oil & Gas by 729.4% in the 2nd quarter. Northern Trust Corp now owns 1,442,528 shares of the energy company’s stock worth $4,544,000 after buying an additional 1,268,597 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Northern Oil & Gas by 6,960.2% in the 3rd quarter. Wells Fargo & Company MN now owns 1,028,460 shares of the energy company’s stock worth $4,114,000 after buying an additional 1,013,893 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Northern Oil & Gas by 60.8% in the 3rd quarter. Rhumbline Advisers now owns 178,995 shares of the energy company’s stock worth $716,000 after buying an additional 67,684 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Northern Oil & Gas by 145.8% in the 3rd quarter. Alliancebernstein L.P. now owns 209,952 shares of the energy company’s stock worth $840,000 after buying an additional 124,552 shares in the last quarter. Finally, EAM Investors LLC acquired a new position in shares of Northern Oil & Gas in the 3rd quarter worth approximately $1,024,000.

About Northern Oil & Gas

Northern Oil and Gas, Inc, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. The company primarily holds interests in the Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana.

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Analyst Recommendations for Northern Oil & Gas (NYSEAMERICAN:NOG)

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