A number of other research firms have also commented on NOG. SunTrust Banks reaffirmed a buy rating and issued a $4.00 price objective on shares of Northern Oil & Gas in a research note on Thursday, November 29th. Imperial Capital set a $3.00 price objective on shares of Northern Oil & Gas and gave the company a hold rating in a research note on Wednesday, January 23rd. Finally, Zacks Investment Research lowered shares of Northern Oil & Gas from a buy rating to a hold rating in a research note on Thursday, November 15th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $4.17.
NOG stock opened at $2.53 on Wednesday. Northern Oil & Gas has a 1 year low of $1.47 and a 1 year high of $4.49.
In other Northern Oil & Gas news, major shareholder Crestview Partners Iii Gp, L.P sold 759,136 shares of the firm’s stock in a transaction on Tuesday, January 22nd. The shares were sold at an average price of $2.68, for a total value of $2,034,484.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 10,147,584 shares of company stock worth $27,248,208 over the last ninety days.
Several hedge funds have recently made changes to their positions in the company. Crestview Partners III GP L.P. purchased a new stake in Northern Oil & Gas during the fourth quarter worth about $109,862,000. Millennium Management LLC increased its holdings in Northern Oil & Gas by 9,921.3% during the fourth quarter. Millennium Management LLC now owns 11,124,026 shares of the energy company’s stock worth $25,140,000 after buying an additional 11,013,022 shares during the last quarter. BlackRock Inc. increased its holdings in Northern Oil & Gas by 59.3% during the third quarter. BlackRock Inc. now owns 13,330,385 shares of the energy company’s stock worth $53,321,000 after buying an additional 4,961,556 shares during the last quarter. Caymus Capital Partners L.P. purchased a new stake in Northern Oil & Gas during the third quarter worth about $14,392,000. Finally, Dimensional Fund Advisors LP increased its holdings in Northern Oil & Gas by 2,892.0% during the third quarter. Dimensional Fund Advisors LP now owns 3,170,515 shares of the energy company’s stock worth $12,681,000 after buying an additional 3,064,550 shares during the last quarter.
Northern Oil & Gas Company Profile
Northern Oil and Gas, Inc, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. The company primarily holds interests in the Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana.
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