Northern Oil And Gas (NOG) Receives a Buy from Stifel Nicolaus

In a report released yesterday, Derrick Whitfield from Stifel Nicolaus maintained a Buy rating on Northern Oil And Gas (NOGResearch Report), with a price target of $51.00. The company’s shares closed yesterday at $32.11.

Whitfield covers the Utilities sector, focusing on stocks such as Diamondback, Callon, and Comstock Resources. According to TipRanks, Whitfield has an average return of -8.4% and a 39.16% success rate on recommended stocks.

Currently, the analyst consensus on Northern Oil And Gas is a Strong Buy with an average price target of $45.25, a 40.92% upside from current levels. In a report released on September 1, Citigroup also initiated coverage with a Buy rating on the stock with a $36.00 price target.

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NOG market cap is currently $2.48B and has a P/E ratio of 15.33.

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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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