Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 7,613,474 shares, a decline of 4.6% from the February 15th total of 7,981,479 shares. Based on an average daily volume of 1,345,113 shares, the short-interest ratio is currently 5.7 days. Approximately 16.8% of the shares of the company are sold short.

Several analysts have issued reports on the company. Zacks Investment Research lowered 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 Northern Oil & Gas and gave the company a “hold” rating in a report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Northern Oil & Gas presently has a consensus rating of “Hold” and a consensus price target of $2.06.

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Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Northern Oil & Gas by 33.4% in the second quarter. Vanguard Group Inc. now owns 3,613,020 shares of the energy company’s stock valued at $5,058,000 after acquiring an additional 905,328 shares in the last quarter. Gen IV Investment Opportunities LLC purchased a new position in shares of Northern Oil & Gas in the third quarter valued at about $989,000. SNS Financial Group LLC purchased a new position in shares of Northern Oil & Gas in the fourth quarter valued at about $103,000. Wedbush Securities Inc. purchased a new position in shares of Northern Oil & Gas in the fourth quarter valued at about $166,000. Finally, Advisors Preferred LLC lifted its position in shares of Northern Oil & Gas by 628.9% in the fourth quarter. Advisors Preferred LLC now owns 56,571 shares of the energy company’s stock valued at $116,000 after acquiring an additional 48,810 shares in the last quarter.

Northern Oil & Gas (NOG) opened at $2.11 on Monday. Northern Oil & Gas has a 52-week low of $0.63 and a 52-week high of $2.97. The company has a market capitalization of $141.15, a PE ratio of -15.07 and a beta of 1.59.

Northern Oil & Gas (NYSEAMERICAN:NOG) last announced its quarterly earnings data on Thursday, February 22nd. The energy company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.07. The business had revenue of $72.48 million during the quarter, compared to analysts’ expectations of $65.00 million. During the same quarter in the previous year, the firm earned $0.04 earnings per share. Northern Oil & Gas’s revenue was up 54.0% on a year-over-year basis.

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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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