RBC Capital Sticks to Its Buy Rating for Northern Oil And Gas (NOG)

In a report released on August 26, Scott Hanold from RBC Capital maintained a Buy rating on Northern Oil And Gas (NOGResearch Report), with a price target of $40.00. The company’s shares closed yesterday at $32.64.

Hanold covers the Utilities sector, focusing on stocks such as Northern Oil And Gas, Range Resources, and California Resources Corp. According to TipRanks, Hanold has an average return of 32.1% and a 68.32% success rate on recommended stocks.

Currently, the analyst consensus on Northern Oil And Gas is a Moderate Buy with an average price target of $45.86, implying a 40.50% upside from current levels. In a report released on August 18, Raymond James also maintained a Buy rating on the stock with a $55.00 price target.

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NOG market cap is currently $2.49B and has a P/E ratio of 15.42.

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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