Northern Oil And Gas (NOG) Gets a Hold from Piper Sandler

In a report released today, Mark Lear from Piper Sandler maintained a Hold rating on Northern Oil And Gas, with a price target of $25.00.

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Lear covers the Energy sector, focusing on stocks such as EOG Resources, Coterra Energy, and Devon Energy. According to TipRanks, Lear has an average return of 3.4% and a 54.39% success rate on recommended stocks.

In addition to Piper Sandler, Northern Oil And Gas also received a Hold from RBC Capital’s Scott Hanold in a report issued yesterday. However, on December 12, Bank of America Securities maintained a Buy rating on Northern Oil And Gas (NYSE: NOG).

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

Based on the recent corporate insider activity of 43 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. Earlier this month, Roy Ernest Easley, a Director at NOG bought 25,000.00 shares for a total of $600,700.00.