Northern Oil And Gas (NOG) Receives a Rating Update from a Top Analyst
In a report released yesterday, Scott Hanold from RBC Capital maintained a Hold rating on Northern Oil And Gas, with a price target of $33.00. The company’s shares closed yesterday at $23.33.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Hanold covers the Energy sector, focusing on stocks such as EOG Resources, EQT, and Northern Oil And Gas. According to TipRanks, Hanold has an average return of 26.7% and a 70.36% success rate on recommended stocks.
Currently, the analyst consensus on Northern Oil And Gas is a Moderate Buy with an average price target of $28.00, implying a 20.02% upside from current levels. In a report released on December 9, Piper Sandler also maintained a Hold rating on the stock with a $25.00 price target.
Based on Northern Oil And Gas’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $485.87 million and a GAAP net loss of $129.07 million. In comparison, last year the company earned a revenue of $515.49 million and had a net profit of $298.45 million
Read More on NOG:
Disclaimer & DisclosureReport an Issue
- Northern Oil and Gas price target raised to $30 from $28 at Mizuho
- Antero Resources price target raised to $48 from $44 at Morgan Stanley
- Strategic Growth Potential and Acquisition Synergies Drive Buy Rating for Northern Oil and Gas
- Northern Oil and Gas Acquires Antero Assets for Growth
- Northern Oil and Gas to acquire 49% stake in Ohio Utica Shale Assets for $588M
