Northern Oil And Gas Gets a Hold Rating from Imperial Capital

By Carrie Williams

In a report released today, Jason Wangler from Imperial Capital maintained a Hold rating on Northern Oil And Gas (NYSE MKT: NOG), with a price target of $2.50. The company’s shares opened today at $2.39.

According to TipRanks.com, Wangler has currently no stars on a ranking scale of 0-5 stars, with an average return of -3.2% and a 38.3% success rate. Wangler covers the Basic Materials sector, focusing on stocks such as Eco-Stim Energy Solutions, California Resources, and Earthstone Energy.

Northern Oil And Gas has an analyst consensus of Moderate Buy, with a price target consensus of $2.33.

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Based on Northern Oil And Gas’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $2.97 million. In comparison, last year the company had a net profit of $16.94 million.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NOG in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Northern Oil & Gas, Inc. engages in the acquisition, exploration, development, and production of crude oil and natural gas properties. It focuses on the Bakken and Three Forks formation within the Williston Basin in North Dakota and Montana. The company was founded on March 20, 2007 and is headquartered in Minnetonka, MN.