Bank of America Securities Sticks to Its Buy Rating for Northern Oil And Gas (NOG)

In a report released yesterday, Noah Hungness from Bank of America Securities maintained a Buy rating on Northern Oil And Gas, with a price target of $28.00. The company’s shares closed yesterday at $21.30.

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According to TipRanks, Hungness is an analyst with an average return of -1.3% and a 40.74% success rate. Hungness covers the Energy sector, focusing on stocks such as Matador Resources, Northern Oil And Gas, and Kimbell Royalty Partners.

In addition to Bank of America Securities, Northern Oil And Gas also received a Buy from Citi’s Paul Diamond CFA in a report issued yesterday. However, on October 15, Mizuho Securities maintained a Hold rating on Northern Oil And Gas (NYSE: NOG).

Based on Northern Oil And Gas’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $577.99 million and a net profit of $99.59 million. In comparison, last year the company earned a revenue of $564.19 million and had a net profit of $138.56 million