Northern Oil & Gas (NOG) Shares Gap Up to $2.06

Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $1.93, but opened at $2.06. Northern Oil & Gas shares last traded at $2.09, with a volume of 868501 shares changing hands.

Several research firms have recently commented on NOG. Imperial Capital set a $2.00 target price on Northern Oil & Gas and gave the company a “hold” rating in a research note on Thursday, December 21st. Zacks Investment Research lowered Northern Oil & Gas from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $2.06.

How to Become a New Pot Stock Millionaire

The company has a market cap of $141.15, a PE ratio of -14.93 and a beta of 1.59.

Northern Oil & Gas (NYSEAMERICAN:NOG) last issued its quarterly earnings results on Thursday, February 22nd. The energy company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.07. The business had revenue of $72.48 million for the quarter, compared to analyst estimates of $65.00 million. Northern Oil & Gas’s revenue for the quarter was up 54.0% on a year-over-year basis. During the same period last year, the business posted $0.04 earnings per share.

Institutional investors and hedge funds have recently modified their holdings of the company. SNS Financial Group LLC acquired a new position in shares of Northern Oil & Gas during the fourth quarter valued at $103,000. Advisors Preferred LLC boosted its stake in Northern Oil & Gas by 628.9% during the fourth quarter. Advisors Preferred LLC now owns 56,571 shares of the energy company’s stock valued at $116,000 after buying an additional 48,810 shares in the last quarter. Wedbush Securities Inc. bought a new position in Northern Oil & Gas during the fourth quarter valued at about $166,000. Virtu Financial LLC boosted its stake in Northern Oil & Gas by 23.7% during the fourth quarter. Virtu Financial LLC now owns 167,968 shares of the energy company’s stock valued at $344,000 after buying an additional 32,180 shares in the last quarter. Finally, Gen IV Investment Opportunities LLC bought a new position in Northern Oil & Gas during the third quarter valued at about $989,000.

TRADEMARK VIOLATION NOTICE: This report was first posted by Stock Observer and is owned by of Stock Observer. If you are reading this report on another site, it was stolen and republished in violation of US & international trademark & copyright law. The original version of this report can be accessed at https://www.thestockobserver.com/2018/03/20/northern-oil-gas-nog-shares-gap-up-to-2-06.html.

About Northern Oil & Gas

Northern Oil and Gas, Inc is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and natural gas properties, primarily in the Bakken and Three Forks formations within the Williston Basin in North Dakota and Montana. The Company holds working interests in over 2,630 gross (204.3 net) producing wells, including over 2,630 wells targeting the Bakken and Three Forks formations and over two wells targeting other formations.

Receive News & Ratings for Northern Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply