Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) – Analysts at Capital One Financial dropped their Q2 2019 earnings per share estimates for shares of Northern Oil & Gas in a research note issued to investors on Monday, February 11th. Capital One Financial analyst P. Johnston now anticipates that the energy company will post earnings of $0.11 per share for the quarter, down from their previous estimate of $0.13. Capital One Financial also issued estimates for Northern Oil & Gas’ Q3 2019 earnings at $0.12 EPS, FY2019 earnings at $0.47 EPS and FY2020 earnings at $0.44 EPS.
A number of other research firms also recently weighed in on NOG. SunTrust Banks restated a “buy” rating and set a $4.00 price target on shares of Northern Oil & Gas in a research report on Thursday, November 29th. Zacks Investment Research downgraded Northern Oil & Gas from a “buy” rating to a “hold” rating in a research report on Thursday, November 15th. Finally, Imperial Capital set a $3.00 price target on Northern Oil & Gas and gave the company a “hold” rating in a research report on Wednesday, January 23rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $4.17.
Several institutional investors and hedge funds have recently added to or reduced their stakes in NOG. First National Trust Co purchased a new position in Northern Oil & Gas during the 4th quarter valued at about $28,000. NumerixS Investment Technologies Inc bought a new stake in Northern Oil & Gas during the 4th quarter valued at approximately $46,000. Great West Life Assurance Co. Can bought a new stake in Northern Oil & Gas during the 4th quarter valued at approximately $48,000. IFP Advisors Inc boosted its position in Northern Oil & Gas by 92.4% during the 4th quarter. IFP Advisors Inc now owns 22,327 shares of the energy company’s stock valued at $51,000 after acquiring an additional 10,725 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in Northern Oil & Gas by 1,610.3% during the 4th quarter. Bank of Montreal Can now owns 22,987 shares of the energy company’s stock valued at $52,000 after acquiring an additional 21,643 shares in the last quarter.
In other news, major shareholder Crestview Partners Iii Gp, L.P sold 759,136 shares of Northern Oil & Gas stock in a transaction dated Tuesday, January 22nd. The stock was sold at an average price of $2.68, for a total value of $2,034,484.48. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders sold 8,728,369 shares of company stock worth $23,706,396.
Northern Oil & Gas Company Profile
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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