Northland Securities analyst Jeff Grampp maintained a Buy rating on Northern Oil And Gas (NOG) today and set a price target of $4. The company’s shares closed yesterday at $1.50, close to its 52-week low of $1.43.
According to TipRanks.com, Grampp has currently no stars on a ranking scale of 0-5 stars, with an average return of -17.0% and a 19.4% success rate. Grampp covers the Basic Materials sector, focusing on stocks such as Penn Virginia Corporation, Sundance Energy Australia, and SilverBow Resources Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Northern Oil And Gas with a $4 average price target.
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Based on Northern Oil And Gas’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $107 million. In comparison, last year the company had a GAAP net loss of $96.55 million.
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NOG in relation to earlier this year.
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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.
