Stifel analyst Derrick Whitfield raised the firm’s price target on Northern Oil and Gas to $49 from $43 and keeps a Buy rating on the shares. Northern Oil and Gas offers a differentiated asset and financial performance for a stock in its asset class, and Stifel estimates the company can return 100% of its enterprise value by 2030, offering significant value now and potential upside in the future, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on NOG:
- Northern Oil and Gas downgraded to Neutral on valuation at Piper
- Northern Oil and Gas downgraded to Neutral from Overweight at Piper Sandler
- Northern Oil and Gas price target raised to $56 from $54 at Truist
- Northern Oil and Gas price target raised to $50 from $41 at Jefferies
- Northern Oil and Gas sees Q3 production 99,000-103,000 Boe per day