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RBC Capital Sticks to Its Hold Rating for Northern Oil And Gas (NOG)

Tipranks - Sat Mar 14, 7:30AM CDT

RBC Capital analyst Scott Hanold maintained a Hold rating on Northern Oil And Gas yesterday and set a price target of $30.00. The company’s shares closed yesterday at $27.61.

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Hanold covers the Energy sector, focusing on stocks such as Northern Oil And Gas, Devon Energy, and California Resources Corp. According to TipRanks, Hanold has an average return of 27.4% and a 72.75% success rate on recommended stocks.

In addition to RBC Capital, Northern Oil And Gas also received a Hold from Piper Sandler’s Mark Lear in a report issued yesterday. However, on March 11, Citi maintained a Buy rating on 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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