Shares of Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) dropped 7.2% on Thursday . The stock traded as low as $1.76 and last traded at $1.80, approximately 11,168,256 shares changed hands during trading. An increase of 97% from the average daily volume of 5,659,964 shares. The stock had previously closed at $1.94.
A number of equities research analysts recently issued reports on NOG shares. Zacks Investment Research lowered shares of Northern Oil & Gas from a “hold” rating to a “sell” rating in a report on Tuesday, November 26th. Northland Securities assumed coverage on shares of Northern Oil & Gas in a report on Thursday, November 21st. They issued a “buy” rating and a $3.25 target price on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $3.44.
Northern Oil & Gas (NYSEAMERICAN:NOG) last issued its quarterly earnings data on Tuesday, November 12th. The energy company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). The firm had revenue of $233.88 million for the quarter, compared to analysts’ expectations of $170.59 million.
About Northern Oil & Gas (NYSEAMERICAN:NOG)
Northern Oil and Gas, Inc, 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.
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