Stifel analyst Derrick Whitfield raised the firm’s price target on Northern Oil and Gas to $54 from $53 and keeps a Buy rating on the shares following quarterly results and updated guidance. The firm believes Northern Oil offers differentiated asset and financial performance, the analyst tells investors. The firm estimates the company can return 100% of its enterprise value by 2031, which offers both significant value now and potential upside in the future.
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Read More on NOG:
- Northern Oil and Gas management to meet with Truist
- 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
- 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
