In a report released today, Joseph McKay from Wells Fargo maintained a Hold rating on Northern Oil And Gas (NOG – Research Report), with a price target of $35.00. The company’s shares closed last Friday at $24.26.
According to TipRanks.com, McKay is a 2-star analyst with an average return of 1.0% and a 58.1% success rate. McKay covers the Utilities sector, focusing on stocks such as Civitas Resources, Laredo Petroleum, and Chord Energy.
Currently, the analyst consensus on Northern Oil And Gas is a Strong Buy with an average price target of $45.43.
Northern Oil And Gas’ market cap is currently $1.88B and has a P/E ratio of -10.80.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NOG in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Northern Oil & Gas, Inc. engages in the acquisition, exploration, development, and production of crude oil and natural gas properties. It focuses on the Bakken and Three Forks formation within the Williston Basin in North Dakota and Montana. The company was founded on March 20, 2007 and is headquartered in Minnetonka, MN.
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