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

BidaskClub lowered shares of Northern Oil and Gas (NASDAQ:NOG) from a hold rating to a sell rating in a research note released on Saturday, BidAskClub reports.

Separately, Seaport Global Securities reiterated a buy rating on shares of Northern Oil and Gas in a report on Friday, June 21st.

Shares of Northern Oil and Gas stock opened at $1.96 on Friday. Northern Oil and Gas has a twelve month low of $1.40 and a twelve month high of $3.41. The business has a 50-day moving average price of $1.96 and a 200 day moving average price of $2.03.

Northern Oil and Gas (NASDAQ:NOG) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The firm had revenue of $186.44 million during the quarter, compared to analyst estimates of $153.11 million.

About Northern Oil and 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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