Northern Oil and Gas with ticker code (NOG) now have 13 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 47 and 14 and has a mean target at 33.77. With the stocks previous close at 24.58 this now indicates there is a potential upside of 37.4%. The 50 day moving average now sits at 21.25 and the 200 day moving average is 19.58. The company has a market capitalisation of $1,890m. Find out more information at: https://www.northernoil.com
The potential market cap would be $2,596m 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 Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana. As of December 31, 2020, it owned working interests in 6,640 gross producing wells; and had proved reserves of 122,632 million barrels of oil equivalent. The company is based in Minnetonka, Minnesota.
