Northern Oil and Gas found using ticker (NOG) have now 12 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 72 and 30 with the average target price sitting at 44.42. Given that the stocks previous close was at 34.31 this indicates there is a potential upside of 29.5%. There is a 50 day moving average of 29.32 while the 200 day moving average is 24.39. The market capitalisation for the company is $2,486m. Company Website: https://www.northernoil.com
The potential market cap would be $3,219m based on the market concensus.
Northern Oil and Gas, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. The company primarily holds interests in the Williston Basin, the Appalachian Basin, and the Permian Basin in the United States. As of December 31, 2021, it owned working interests in 7,436 gross producing wells; and had proved reserves of 287,682 million barrels of oil equivalent. The company is based in Minnetonka, Minnesota.
