RBC Capital analyst Scott Hanold maintained a Buy rating on Northern Oil And Gas (NOG – Research Report) yesterday and set a price target of $46.00. The company’s shares closed yesterday at $35.56.
According to TipRanks, Hanold is a top 100 analyst with an average return of 24.5% and a 63.77% success rate. Hanold covers the Energy sector, focusing on stocks such as EOG Resources, EQT, and Northern Oil And Gas.
In addition to RBC Capital, Northern Oil And Gas also received a Buy from Citi’s Paul Diamond CFA in a report issued on February 27. However, on February 23, Bank of America Securities reiterated a Sell rating on Northern Oil And Gas (NYSE: NOG).
See the top stocks recommended by analysts >>
Based on Northern Oil And Gas’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $793.52 million and a net profit of $388.85 million. In comparison, last year the company earned a revenue of $370.38 million and had a net profit of $145.07 million
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Northern Oil And Gas (NOG) Company Description:
Northern Oil & Gas, Inc. engages in the acquisition, exploration, development, and production of crude oil and natural gas properties. It focuses on the Bakken and Three Forks formation within the Williston Basin in North Dakota and Montana. The company was founded on March 20, 2007 and is headquartered in Minnetonka, MN.
Read More on NOG:
- Northern Oil and Gas price target lowered to $45 from $50 at Citi
- Northern Oil and Gas sees 115,000-120,000 Boe per day of production in 2024
- Northern Oil and Gas reports Q4 adjusted EPS $1.61, consensus $1.65
- NOG Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Northern Oil and Gas price target lowered to $38 from $39 at Piper Sandler
