Northern Oil and Gas (NYE:NOG) has been given a “Strong Buy” consensus rating by 12 Analysts, according to StockTargetAdvisor. The stock received 1 sell rating, 1 hold rating, 5 buy ratings, and 1 strong buy rating. The average target price among analysts that updated their coverage on the stock in past year is $45.11. NOG opened at $29.57 on Wednesday, with a 52-week low of $21.45 and a 52-week high of $39.10. It has a market capitalization of $2.52 billion, a PE financials ratio of 3.60, a P/E/G ratio of 1.24, and a beta of 2.04. The company recently announced a quarterly dividend, which will be paid on Friday, April 28th, with investors of record on Thursday, March 30th receiving a dividend of $0.34 per share. This represents a positive change from Northern Oil & Gas’s previous quarterly dividend of $0.30.
Northern Oil & Gas Stock Forecast
Based on predictions from 12 analysts, Northern Oil Inc is expected to reach an average target price of USD 49.61 within the next 12 months. The average analyst rating for Northern Oil & Gas Inc is Strong Buy. According to Stock Target Advisor’s analysis, which is based on 7 positive signals and 5 negative signals, the outlook for Northern Oil & Gas Inc is Slightly Bullish. Currently, NOG stock is priced at USD 29.57, which represents a 3.86% increase over the past week, a 4.74% decrease over the past month, and a 5. (www.newportworldresorts.com) 49% increase over the past year.
Company Overview
Northern Oil and Gas, Inc. is an independent energy company operating in the United States. Its activities involve the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties. The company’s operations are primarily focused on the Williston Basin, the Appalachian Basin, and the Permian Basin, all located within the United States. The company is headquartered in Minnetonka, Minnesota.
