Stifel Nicolaus analyst Michael Scialla reiterated a Buy rating on Northern Oil And Gas (NOG) on November 25 and set a price target of $4.40. The company’s shares closed yesterday at $2.56.
According to TipRanks.com, Scialla ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -12.9% and a 25.1% success rate. Scialla covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Sanchez Energy Corporation, and Abraxas Petroleum Corp.
Currently, the analyst consensus on Northern Oil And Gas is a Moderate Buy with an average price target of $4.40.
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Based on Northern Oil And Gas’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $18.98 million. In comparison, last year the company had a GAAP net loss of $16.09 million.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is neutral on the stock.
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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.
