Northern Oil and Gas – Consensus Indicates Potential 57.0% Upside

Broker Ratings

Northern Oil and Gas with ticker code (NOG) now have 12 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 61 and 30 with a mean TP of 43.5. Given that the stocks previous close was at 27.7 this would imply there is a potential upside of 57.0%. The day 50 moving average is 28.61 and the 200 moving average now moves to 25.28. The market cap for the company is $2,236m. Visit the company website at: https://www.northernoil.com

The potential market cap would be $3,511m 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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