In a report released yesterday, Scott Hanold from RBC Capital maintained a Buy rating on Northern Oil And Gas (NOG – Research Report), with a price target of $46.00. The company’s shares closed yesterday at $42.27.
According to TipRanks, Hanold is a top 25 analyst with an average return of 27.3% and a 69.77% success rate. Hanold covers the Energy sector, focusing on stocks such as Northern Oil And Gas, California Resources Corp, and Conocophillips.
In addition to RBC Capital, Northern Oil And Gas also received a Buy from Stifel Nicolaus’s Derrick Whitfield in a report issued on April 5. However, on March 28, Morgan Stanley maintained a Hold rating on Northern Oil And Gas (NYSE: NOG).
NOG market cap is currently $4.18B and has a P/E ratio of 4.22.
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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 $55 from $56 at Truist
- Northern Oil and Gas price target lowered to $38 from $39 at Morgan Stanley
- Northern Oil and Gas price target raised to $51 from $45 at Jefferies
- 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
