Canaccord Genuity Reaffirms Buy Rating on Northern Oil & Gas (NOG)

By admin | 6 years ago

Northern Oil & Gas (NYSE: NOG)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity in a research note issued on Thursday.

A number of other firms have also recently commented on NOG. Analysts at Northland Securities cut their price target on shares of Northern Oil & Gas from $34.00 to $29.00 in a research note to investors on Wednesday, May 2nd. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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.

Shares of Northern Oil & Gas opened at 17.28 on Thursday. Northern Oil & Gas has a 52 week low of $13.25 and a 52 week high of $28.00. The company has a market cap of $1.076 billion and a P/E ratio of 19.12.

Northern Oil & Gas last announced its earnings results on Monday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by $0.10. The company’s quarterly revenue was up 1896.8% on a year-over-year basis. Analysts expect that Northern Oil & Gas will post $0.34 EPS next quarter.

Northern Oil & Gas, Inc., is an independent energy company engaged in the acquisition, exploration, exploitation and development of oil and natural gas properties.

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