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.

A number of hedge funds and other institutional investors have recently made changes to their positions in NOG. Gen IV Investment Opportunities LLC bought a new position in Northern Oil & Gas during the third quarter worth $989,000. Vanguard Group Inc. raised its stake in Northern Oil & Gas by 33.4% during the second quarter. Vanguard Group Inc. now owns 3,613,020 shares of the energy company’s stock worth $5,058,000 after buying an additional 905,328 shares during the last quarter. Virtu KCG Holdings LLC raised its stake in Northern Oil & Gas by 237.4% during the second quarter. Virtu KCG Holdings LLC now owns 148,902 shares of the energy company’s stock worth $208,000 after buying an additional 104,769 shares during the last quarter. Wedbush Securities Inc. bought a new position in Northern Oil & Gas during the fourth quarter worth $166,000. Finally, SNS Financial Group LLC bought a new position in Northern Oil & Gas during the fourth quarter worth $103,000.

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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.

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