Northern Oil and Gas found using ticker (NOG) have now 13 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 43 and 14 calculating the average target price we see 32.77. Given that the stocks previous close was at 23.24 this would indicate that there is a potential upside of 41.0%. The 50 day moving average now sits at 21.35 and the 200 moving average now moves to 18.83. The company has a market cap of $1,755m. Company Website: https://www.northernoil.com
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.
