Northern Oil and Gas – Consensus Indicates Potential 21.1% Upside

Broker Ratings

Northern Oil and Gas found using ticker (NOG) have now 12 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 72 and 30 calculating the average target price we see 43.92. Now with the previous closing price of 36.27 this would imply there is a potential upside of 21.1%. The 50 day MA is 28.8 and the 200 day moving average is 24. The market cap for the company is $2,862m. You can visit the company’s website by visiting: https://www.northernoil.com

The potential market cap would be $3,466m based on the market concensus.

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Northern Oil and Gas, 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 Williston Basin, the Appalachian Basin, and the Permian Basin in the United States. As of December 31, 2021, it owned working interests in 7,436 gross producing wells; and had proved reserves of 287,682 million barrels of oil equivalent. The company is based in Minnetonka, Minnesota.

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