Northern Oil And Gas (NOG) Gets a Buy Rating from Northland Securities

By Ryan Adsit

In a report issued on March 17, Jeff Grampp from Northland Securities maintained a Buy rating on Northern Oil And Gas (NOGResearch Report), with a price target of $5. The company’s shares closed yesterday at $2.63.

According to TipRanks.com, Grampp has 0 stars on 0-5 star ranking scale with an average return of -10.1% and a 35.3% success rate. Grampp covers the Basic Materials sector, focusing on stocks such as Sundance Energy Australia, Goodrich Petroleum Corp, and Lonestar Resources US.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Northern Oil And Gas with a $4 average price target.

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The company has a one-year high of $4.49 and a one-year low of $1.47. Currently, Northern Oil And Gas has an average volume of 4.73M.

Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock.

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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.