Northland raised the firm’s price target on Northern Oil and Gas to $54 from $48 and keeps an Outperform rating on the shares. After having had time to digest the company’s “slight Q2 beat,” raised 2023 production guidance and the company’s recent and very large acquisitions and associated capital raises, the firm is “incrementally more positive” on Northern Oil and Gas, the analyst tells investors.
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 price target raised to $49 from $43 at Stifel
- 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