Northern Oil And Gas (NOG) Receives a Rating Update from a Top Analyst

In a report released today, John Freeman from Raymond James maintained a Buy rating on Northern Oil And Gas (NOGResearch Report), with a price target of $55.00. The company’s shares closed yesterday at $29.27.

According to TipRanks, Freeman is a top 25 analyst with an average return of 36.8% and a 65.72% success rate. Freeman covers the Utilities sector, focusing on stocks such as Antero Resources, Devon Energy, and Laredo Petroleum.

Northern Oil And Gas has an analyst consensus of Moderate Buy, with a price target consensus of $45.57, which is a 55.69% upside from current levels. In a report released on August 16, Piper Sandler also maintained a Buy rating on the stock with a $50.00 price target.

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The company has a one-year high of $38.83 and a one-year low of $13.78. Currently, Northern Oil And Gas has an average volume of 1.2M.

Based on the recent corporate insider activity of 48 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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