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

BidaskClub lowered shares of Northern Oil and Gas (NASDAQ:NOG) from a sell rating to a strong sell rating in a report released on Wednesday, BidAskClub reports.

Separately, Seaport Global Securities reaffirmed a buy rating on shares of Northern Oil and Gas in a research note on Friday, June 21st.

Shares of NASDAQ NOG remained flat at $$1.50 during trading hours on Wednesday. The company had a trading volume of 5,052,739 shares, compared to its average volume of 5,322,024. Northern Oil and Gas has a 52 week low of $1.42 and a 52 week high of $4.49. The business’s 50-day simple moving average is $1.85.

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

About Northern Oil and Gas

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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