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Truist Financial Raises Northern Oil and Gas (NYSE:NOG) Price Target to $58.00 – Defense World

Written by Amanda

Truist Financial Raises Northern Oil and Gas (NYSE:NOG) Price Target to $58.00  Defense World

Northern Oil and Gas (NYSE:NOGGet Rating) had its price target boosted by equities researchers at Truist Financial from $52.00 to $58.00 in a research note issued on Monday, Stock Target Advisor reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price target would suggest a potential upside of 71.50% from the company’s previous close.

Other research analysts have also issued reports about the company. Piper Sandler increased their price objective on Northern Oil and Gas from $43.00 to $51.00 and gave the stock an “overweight” rating in a research note on Thursday. StockNews.com assumed coverage on Northern Oil and Gas in a research report on Thursday, March 31st. They set a “hold” rating on the stock.

Northern Oil and Gas stock traded down $3.20 during trading on Monday, reaching $33.82. The company had a trading volume of 25,119 shares, compared to its average volume of 1,139,463. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of -15.29, a price-to-earnings-growth ratio of 0.84 and a beta of 2.17. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 3.73. Northern Oil and Gas has a 12-month low of $14.03 and a 12-month high of $39.10. The business’s 50 day moving average price is $29.08.

Northern Oil and Gas (NYSE:NOGGet Rating) last released its quarterly earnings results on Thursday, May 5th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.20 by $0.38. Northern Oil and Gas had a net margin of 1.28% and a negative return on equity of 1,021.20%. The business had revenue of $456.46 million during the quarter, compared to analyst estimates of $321.67 million. Equities analysts expect that Northern Oil and Gas will post 6.47 earnings per share for the current year.

About Northern Oil and Gas (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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Source: defenseworld.net

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Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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