Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) – Stock analysts at Capital One Financial raised their FY2017 EPS estimates for Northern Oil & Gas in a research note issued on Tuesday. Capital One Financial analyst P. Johnston now forecasts that the energy company will earn $0.20 per share for the year, up from their prior forecast of $0.14.
A number of other research firms also recently commented on NOG. Zacks Investment Research downgraded Northern Oil & Gas from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 10th. Imperial Capital set a $2.00 price objective on Northern Oil & Gas and gave the stock a “hold” rating in a report on Thursday, December 21st. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $1.75.
Large investors have recently made changes to their positions in the stock. SNS Financial Group LLC purchased a new stake in shares of Northern Oil & Gas during the 4th quarter valued at about $103,000. Wedbush Securities Inc. purchased a new stake in shares of Northern Oil & Gas during the 4th quarter valued at about $166,000. Virtu KCG Holdings LLC raised its holdings in shares of Northern Oil & Gas by 237.4% during the 2nd quarter. Virtu KCG Holdings LLC now owns 148,902 shares of the energy company’s stock valued at $208,000 after buying an additional 104,769 shares during the period. Virtu Financial LLC raised its holdings in shares of Northern Oil & Gas by 23.7% during the 4th quarter. Virtu Financial LLC now owns 167,968 shares of the energy company’s stock valued at $344,000 after buying an additional 32,180 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in shares of Northern Oil & Gas by 0.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 227,945 shares of the energy company’s stock valued at $319,000 after buying an additional 705 shares during the period.
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Northern Oil & Gas Company Profile
Northern Oil and Gas, Inc is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and natural gas properties, primarily in the Bakken and Three Forks formations within the Williston Basin in North Dakota and Montana. The Company holds working interests in over 2,630 gross (204.3 net) producing wells, including over 2,630 wells targeting the Bakken and Three Forks formations and over two wells targeting other formations.
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