Northern Oil and Gas (NASDAQ:NOG) Lowered to Sell at BidaskClub

BidaskClub cut shares of Northern Oil and Gas (NASDAQ:NOG) from a hold rating to a sell rating in a research report sent to investors on Thursday, BidAskClub reports.

Separately, Seaport Global Securities reaffirmed a buy rating on shares of W&T Offshore in a research report on Friday, June 21st.

NOG stock traded up $0.01 during midday trading on Thursday, hitting $1.92. The stock had a trading volume of 88,617 shares, compared to its average volume of 5,273,644. Northern Oil and Gas has a 52 week low of $1.83 and a 52 week high of $4.49. The stock’s 50-day simple moving average is $2.01.

Northern Oil and Gas (NASDAQ:NOG) last issued its earnings results on Thursday, May 9th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.05). The company had revenue of $132.68 million during the quarter, compared to analysts’ expectations of $142.86 million.

Northern Oil and Gas Company Profile

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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