Northern Oil & Gas (NOG) Shares Down 5.8%
Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG)’s share price was down 5.8% during trading on Wednesday . The company traded as low as $1.71 and last traded at $1.82. Approximately 574,387 shares traded hands during trading, a decline of 73% from the average daily volume of 2,090,703 shares. The stock had previously closed at $1.72.
A number of equities analysts have recently commented on NOG shares. Zacks Investment Research lowered shares of 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 target on shares of 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 given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $1.75.
The company has a market capitalization of $114.93, a P/E ratio of 43.00 and a beta of 1.73.
WARNING: “Northern Oil & Gas (NOG) Shares Down 5.8%” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another publication, it was copied illegally and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece can be viewed at https://www.thecerbatgem.com/2018/02/14/northern-oil-gas-nog-shares-down-5-8.html.
About Northern Oil & Gas
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.
Receive News & Ratings for Northern Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.