Northland named Northern Oil and Gas as one of the analysts two top picks for 2024, noting that the firm continues to see Northern Oil as “attractively priced at $70/bbl WTI and even more-so at $80/bbl WTI,” which the firm still views as likely for much of 2024. Northland keeps an Outperform rating and $54 price target on the shares.
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Read More on NOG:
- Johnson Rice gets more bearish on Northern Oil and Gas, downgrades shares
- Northern Oil and Gas management to meet with Truist
- Northern Oil and Gas price target raised to $54 from $53 at Stifel
- Northern Oil and Gas price target raised to $44 from $43 at Piper Sandler
- Northern Oil and Gas announces bolt-on acquisitions, expected to be accretive
