Northern Oil and Gas found using ticker (NOG) now have 11 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 69 and 30 with the average target price sitting at 45.73. Given that the stocks previous close was at 30.32 this would indicate that there is a potential upside of 50.8%. The day 50 moving average is 27.5 while the 200 day moving average is 25.92. The company has a market capitalisation of $2,484m. Company Website: https://www.northernoil.com
The potential market cap would be $3,746m 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.
