BidaskClub Downgrades Northern Oil and Gas (NOG) to Hold

Northern Oil and Gas (NASDAQ:NOG) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Friday, BidAskClub reports.

NASDAQ:NOG opened at $2.68 on Friday. Northern Oil and Gas has a 1 year low of $1.47 and a 1 year high of $4.49.

Northern Oil and Gas (NASDAQ:NOG) last issued its earnings results on Tuesday, March 12th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.14 by $0.11. The company had revenue of $152.57 million for the quarter, compared to analysts’ expectations of $159.29 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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