Northern Oil and Gas found using ticker (NOG) have now 12 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 47 and 27 calculating the average target price we see 35.83. Given that the stocks previous close was at 24 this would indicate that there is a potential upside of 49.3%. The day 50 moving average is 21.98 and the 200 day MA is 20.09. The company has a market capitalisation of $1,864m. Company Website: https://www.northernoil.com
The potential market cap would be $2,783m 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.
