Stifel Nicolaus Believes Northern Oil And Gas (NOG) Still Has Room to Grow

In a report issued on July 22, Derrick Whitfield from Stifel Nicolaus maintained a Buy rating on Northern Oil And Gas (NOGResearch Report), with a price target of $46.00. The company’s shares closed last Friday at $25.27, close to its 52-week high of $27.87.

According to, Whitfield is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -13.8% and a 30.2% success rate. Whitfield covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Continental Resources, and Comstock Resources.

Northern Oil And Gas has an analyst consensus of Strong Buy, with a price target consensus of $44.25, which is a 69.5% upside from current levels. In a report issued on July 15, RBC Capital also maintained a Buy rating on the stock with a $40.00 price target.

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Northern Oil And Gas’ market cap is currently $1.95B and has a P/E ratio of -11.24.

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.

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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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