Shares of Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) rose 6% during trading on Wednesday . The stock traded as high as $1.81 and last traded at $1.77. Approximately 1,312,800 shares were traded during mid-day trading, an increase of 47% from the average daily volume of 894,454 shares. The stock had previously closed at $1.67.

NOG has been the topic of several analyst reports. Zacks Investment Research upgraded Northern Oil & Gas from a “hold” rating to a “strong-buy” rating and set a $1.00 target price on the stock in a report on Wednesday, October 11th. Imperial Capital initiated coverage on Northern Oil & Gas in a report on Tuesday, October 3rd. They issued an “in-line” rating and a $1.00 target price on the stock. Finally, Royal Bank Of Canada set a $2.00 target price on Northern Oil & Gas and gave the company a “hold” rating in a report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $1.50.

Northern Oil & Gas (NYSEAMERICAN:NOG) last posted its quarterly earnings results on Wednesday, November 8th. The energy company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. The business had revenue of $54.26 million for the quarter, compared to the consensus estimate of $51.04 million. Northern Oil & Gas’s quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.04 earnings per share.

Institutional investors have recently bought and sold shares of the business. KCG Holdings Inc. lifted its holdings in shares of Northern Oil & Gas by 123.9% in the 1st quarter. KCG Holdings Inc. now owns 44,133 shares of the energy company’s stock worth $115,000 after purchasing an additional 24,422 shares in the last quarter. Quantitative Investment Management LLC lifted its holdings in shares of Northern Oil & Gas by 11.3% in the 2nd quarter. Quantitative Investment Management LLC now owns 90,500 shares of the energy company’s stock worth $126,000 after purchasing an additional 9,200 shares in the last quarter. Virtu KCG Holdings LLC lifted its holdings in shares of Northern Oil & Gas by 237.4% in the 2nd quarter. Virtu KCG Holdings LLC now owns 148,902 shares of the energy company’s stock worth $208,000 after purchasing an additional 104,769 shares in the last quarter. LMR Partners LLP bought a new position in shares of Northern Oil & Gas in the 2nd quarter worth $226,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Northern Oil & Gas by 0.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 227,945 shares of the energy company’s stock worth $319,000 after purchasing an additional 705 shares in the last quarter.

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About Northern Oil & Gas

Northern Oil and Gas, Inc is an independent energy company. The Company 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 Company 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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