Northern Oil and Gas with ticker code (NOG) have now 12 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 57 and 27 calculating the average target price we see 38.5. Now with the previous closing price of 28.78 this would indicate that there is a potential upside of 33.8%. The 50 day MA is 24.97 and the 200 day MA is 21.34. The company has a market cap of $2,180m. You can visit the company’s website by visiting: https://www.northernoil.com
The potential market cap would be $2,917m 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.
