Piper Sandler Remains a Hold on Northern Oil And Gas (NOG)
Piper Sandler analyst Mark Lear maintained a Hold rating on Northern Oil And Gas today and set a price target of $32.00.
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According to TipRanks, Lear is a 4-star analyst with an average return of 5.6% and a 58.11% success rate. Lear covers the Energy sector, focusing on stocks such as Devon Energy, Coterra Energy, and EOG Resources.
In addition to Piper Sandler, Northern Oil And Gas also received a Hold from RBC Capital’s Scott Hanold in a report issued on April 8. However, on April 6, Bank of America Securities assigned a Buy rating to Northern Oil And Gas (NYSE: NOG).
Based on Northern Oil And Gas’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $450.86 million and a GAAP net loss of $70.73 million. In comparison, last year the company earned a revenue of $549.2 million and had a net profit of $71.7 million
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- Northern Oil and Gas price target raised to $34 from $32 at BofA
- Improving Oil Price Outlook and Stronger Cash Flow Support Buy Rating on Northern Oil and Gas
- Northern Oil and Gas price target raised to $39 from $34 at Citi
- Northern Oil and Gas price target raised to $28 from $24 at Morgan Stanley
- Northern Oil and Gas price target raised to $32 from $27 at BofA
