Northland Securities Maintains a Buy Rating on Northern Oil And Gas (NOG)

By Ryan Adsit

Northland Securities analyst Jeff Grampp maintained a Buy rating on Northern Oil And Gas (NOGResearch Report) today and set a price target of $3.25. The company’s shares closed last Monday at $2.11.

According to, Grampp has currently no stars on a ranking scale of 0-5 stars, with an average return of -14.7% and a 25.6% success rate. Grampp covers the Basic Materials sector, focusing on stocks such as Sundance Energy Australia, Lonestar Resources US, and SilverBow Resources.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Northern Oil And Gas with a $3.13 average price target.

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Northern Oil And Gas’ market cap is currently $841M and has a P/E ratio of 4.52. The company has a Price to Book ratio of 2.11.

Based on the recent corporate insider activity of 71 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.

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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.