Bank of America Securities Reaffirms Their Buy Rating on Northern Oil And Gas (NOG)

Bank of America Securities analyst Noah Hungness reiterated a Buy rating on Northern Oil And Gas today and set a price target of $28.00.

Claim 70% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

According to TipRanks, Hungness is a 3-star analyst with an average return of 2.2% and a 50.00% success rate. Hungness covers the Energy sector, focusing on stocks such as Northern Oil And Gas, Matador Resources, and Kimbell Royalty Partners.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Northern Oil And Gas with a $28.33 average 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

Based on the recent corporate insider activity of 48 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. Last month, Roy Ernest Easley, a Director at NOG bought 25,000.00 shares for a total of $600,700.00.