SunTrust Robinson Reiterates a Buy Rating on Northern Oil And Gas (NOG)


In a report issued on November 27, Neal Dingmann from SunTrust Robinson reiterated a Buy rating on Northern Oil And Gas (NOG), with a price target of $4. The company’s shares opened today at $2.65.

According to TipRanks.com, Dingmann is a 1-star analyst with an average return of -2.5% and a 42.7% success rate. Dingmann covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Contango Oil & Gas Company, and Sanchez Energy Corporation.

Currently, the analyst consensus on Northern Oil And Gas is a Moderate Buy with an average price target of $4.20, representing a 58.5% upside. In a report issued on November 25, Stifel Nicolaus also reiterated a Buy rating on the stock with a $4.40 price target.

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The company has a one-year high of $4.49 and a one-year low of $1.01. Currently, Northern Oil And Gas has an average volume of 5.17M.

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.

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