Northland Securities Cuts Price Target on Northern Oil & Gas (NOG)
Investment analysts at Northland Securities cut their target price on shares of Northern Oil & Gas (NYSE: NOG) from $34.00 to $29.00 in a note issued to investors on Wednesday. The firm currently has an “outperform” rating on the stock.
Shares of Northern Oil & Gas opened at 19.28 on Wednesday. Northern Oil & Gas has a one year low of $13.25 and a one year high of $28.00. The company has a market cap of $1.198 billion and a P/E ratio of 29.66.
The company last announced its quarterly results on Wednesday, February 29th. It reported $0.21 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.24 EPS by $0.03. The company’s quarterly revenue was up 122.6% on a year-over-year basis. On average, analysts predict that Northern Oil & Gas will post $0.30 earnings per share next quarter.
A number of other analysts have also recently weighed in on NOG. Analysts at Capital One upgraded shares of Northern Oil & Gas to a “strong-buy” rating in a research note to investors on Monday, April 9th. Separately, analysts at SunTrust (NYSE: STI) upgraded shares of Northern Oil & Gas from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, March 20th. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Northern Oil & Gas in a research note to investors on Thursday, March 1st.
Northern Oil & Gas, Inc., is an independent energy company engaged in the acquisition, exploration, exploitation and development of oil and natural gas properties.