Piper Sandler raised the firm’s price target on Northern Oil and Gas to $44 from $43 and keeps a Neutral rating on the shares. The firm notes the company is acquiring additional assets in the NM Delaware and entering the Utica in separate transactions for $174M in mostly cash. The deals add about 6.5 mboe/d of production and $36M of capex in FY24.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on NOG:
- Northern Oil and Gas announces bolt-on acquisitions, expected to be accretive
- Northern Oil and Gas narrows FY23 production view to 97K-99K boe/d from 96K-100K
- Northern Oil and Gas reports Q3 EPS 28c, consensus $1.73
- NOG Upcoming Earnings Report: What to Expect?
- Northern Oil and Gas closes on eight Ground Game transactions during Q3
