Northern Oil and Gas – Consensus Indicates Potential 31.8% Upside

Broker Ratings

Northern Oil and Gas found using ticker (NOG) now have 13 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 40 and 14 calculating the mean target price we have 31.31. Given that the stocks previous close was at 23.76 this indicates there is a potential upside of 31.8%. There is a 50 day moving average of 22.9 and the 200 day moving average is 18.59. The company has a market capitalisation of $1,580m. You can visit the company’s website by visiting: http://www.northernoil.com

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 Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana. As of December 31, 2020, it owned working interests in 6,640 gross producing wells; and had proved reserves of 122,632 million barrels of oil equivalent. The company is based in Minnetonka, Minnesota.

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