The stock of Northern Oil & Gas, Inc. (NYSEMKT:NOG) is a huge mover today! About 750,681 shares traded hands. Northern Oil & Gas, Inc. (NYSEMKT:NOG) has declined 66.90% since April 27, 2016 and is downtrending. It has underperformed by 72.13% the S&P500.
The move comes after 8 months positive chart setup for the $132.29 million company. It was reported on Nov, 30 by Barchart.com. We have $2.59 PT which if reached, will make NYSEMKT:NOG worth $11.91M more.
Analysts await Northern Oil & Gas, Inc. (NYSEMKT:NOG) to report earnings on March, 1. They expect $0.04 earnings per share, down 84.00% or $0.21 from last year’s $0.25 per share. NOG’s profit will be $2.22M for 14.88 P/E if the $0.04 EPS becomes a reality. After $0.04 actual earnings per share reported by Northern Oil & Gas, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
Northern Oil & Gas, Inc. (NYSEMKT:NOG) Ratings Coverage
Out of 4 analysts covering Northern Oil & Gas (NYSEMKT:NOG), 1 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 25% are positive. Northern Oil & Gas has been the topic of 9 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Friday, May 20 the stock rating was maintained by Wunderlich with “Hold”. Cowen & Co downgraded the stock to “Underperform” rating in Tuesday, September 8 report.
According to Zacks Investment Research, “NORTHRN OIL & GAS, Inc. is an exploration and production company based in Wayzata, Minnesota. Northern Oil’s core area of focus is the Williston Basin, specifically the Mountrail County, North Dakota area Bakken Play. Northern Oil’s secondary objective is conventional, 3D driven, oil and gas exploration and development throughout the Rocky Mountain region.”
More important recent Northern Oil & Gas, Inc. (NYSEMKT:NOG) news were published by: Prnewswire.com which released: “Northern Oil and Gas, Inc. Announces Executive Officer Changes; Tom Stoelk …” on August 16, 2016, also Prnewswire.com published article titled: “Northern Oil and Gas, Inc. Announces 2016 Third Quarter Results and …”, Prnewswire.com published: “Northern Oil and Gas, Inc. Announces Michael Frantz of TRT Holdings, Inc. to …” on August 11, 2016. More interesting news about Northern Oil & Gas, Inc. (NYSEMKT:NOG) was released by: Reuters.com and their article: “BRIEF-Northern Oil and Gas, inc announces 2016 Q3 results” with publication date: November 08, 2016.
NOG Company Profile
Northern Oil and Gas, Inc., incorporated on October 5, 2006, is an independent energy company. The Firm is engaged in the acquisition, exploration, development and production of oil and natural gas properties, primarily in the Bakken and Three Forks formations within the Williston Basin in North Dakota and Montana. The Firm holds working interests in over 2,630 gross (204.3 net) producing wells, including over 2,630 wells targeting the Bakken and Three Forks formations and over two wells targeting other formations.
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