Northland Securities Keeps Their Buy Rating on Northern Oil And Gas (NOG)

By Austin Angelo

Northland Securities analyst Jeff Grampp maintained a Buy rating on Northern Oil And Gas (NOGResearch Report) on March 13 and set a price target of $5. The company’s shares opened today at $2.44.

According to TipRanks.com, Grampp has currently no stars on a ranking scale of 0-5 stars, with an average return of -11.1% and a 30.3% success rate. Grampp covers the Basic Materials sector, focusing on stocks such as Sundance Energy Australia, Goodrich Petroleum Corp, and Lonestar Resources US.

Northern Oil And Gas has an analyst consensus of Moderate Buy, with a price target consensus of $4.

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Based on Northern Oil And Gas’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $218 million. In comparison, last year the company had a GAAP net loss of $23.85 million.

Based on the recent corporate insider activity of 68 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.