Northern Oil and Gas (NYSE:NOG) Downgraded by StockNews.com

Northern Oil and Gas (NYSE:NOG – Get Rating) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Wednesday.

NOG has been the subject of a number of other research reports. Piper Sandler upped their price objective on shares of Northern Oil and Gas from $43.00 to $51.00 and gave the company an “overweight” rating in a research note on Thursday, June 9th. Truist Financial increased their target price on shares of Northern Oil and Gas from $52.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, June 13th.

NOG opened at $25.88 on Wednesday. The firm has a market cap of $2.00 billion, a PE ratio of -12.10, a P/E/G ratio of 0.69 and a beta of 2.17. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 3.73. The stock has a 50 day moving average price of $29.49. Northern Oil and Gas has a 1-year low of $14.03 and a 1-year high of $39.10.

Northern Oil and Gas (NYSE:NOG – Get Rating) last released its earnings results on Thursday, May 5th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.20 by $0.38. Northern Oil and Gas had a negative return on equity of 1,021.20% and a net margin of 1.28%. The firm had revenue of $456.46 million during the quarter, compared to analyst estimates of $321.67 million. As a group, equities analysts expect that Northern Oil and Gas will post 6.56 earnings per share for the current fiscal year.

Northern Oil and Gas Company Profile (Get Rating)

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 Williston Basin, the Appalachian Basin, and the Permian Basin in the United States.

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