BidaskClub Lowers Northern Oil and Gas (NASDAQ:NOG) to Sell

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BidaskClub lowered shares of Northern Oil and Gas (NASDAQ:NOG) from a hold rating to a sell rating in a research note published on Thursday, BidAskClub reports.

Separately, Seaport Global Securities reissued a buy rating on shares of W&T Offshore in a research report on Friday, June 21st.

NOG opened at $1.95 on Thursday. Northern Oil and Gas has a 52-week low of $1.83 and a 52-week high of $4.49. The stock’s 50 day simple moving average is $2.00.

Northern Oil and Gas (NASDAQ:NOG) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.05). The business had revenue of $132.68 million for the quarter, compared to the consensus estimate of $142.86 million.

Northern Oil and 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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