Northern Oil and Gas found using ticker (NOG) now have 12 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 61 and 30 and has a mean target at 43.67. Now with the previous closing price of 27.18 this would imply there is a potential upside of 60.7%. The 50 day MA is 28.59 and the 200 day moving average is 25.22. The market capitalisation for the company is $2,099m. Company Website: https://www.northernoil.com
The potential market cap would be $3,372m 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.
