| UPDATE: Wunderlich Securities Reiterates Hold, Raises Price Target On Northern Oil & Gas On Mixed Factors | |
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In a report published Monday, Wunderlich Securities analyst Jason A. Wangler reiterated a Hold rating on Northern Oil & Gas, Inc. (NYSE: NOG), and raised the price target from $5.00 to $8.00.
In the report, Wunderlich Securities noted, "Northern Oil & Gas (NOG) reported a very strong 4Q14 as EPS of $0.21 easily topped our $0.14 estimate and the Street's $0.19 forecast. Significantly higher-than-expected production and good revenues caused the beat. This solid production beat put the company at nearly 18,000 boe/day but it likely will not stay there long as Northern guides for flat 2015 production versus 2014, which means it should see declines throughout the year as CapEx spending and activity in the Williston is reduced. Financially, the company still has a solid liquidity position but has run its credit facility up in the past few years so we are a bit cautious about that given a likely cut in its capacity and a continued outspend even at lower spending rates. As such, we remain Hold-rated at this time."
Northern Oil & Gas closed on Friday at $8.62.
Latest Ratings for NOG
Date | Firm | Action | From | To |
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Mar 2015 | Wunderlich | Maintains | | Hold | Mar 2015 | SunTrust Robinson Humphrey | Downgrades | Buy | Neutral | Feb 2015 | Canaccord Genuity | Downgrades | Buy | Hold |
View More Analyst Ratings for NOG
View the Latest Analyst Ratings
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Northern Oil and Gas Inc.
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CODE : NOG |
ISIN : US6655311099 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Northern Oil and Gas is based in United states of america. Northern Oil and Gas holds various exploration projects in USA. Its main exploration properties are BAKKEN SHALE, MONTANA RED RIVER and TRENTON/BLACK RIVER in USA. Northern Oil and Gas is listed in United States of America. Its market capitalisation is US$ 2.9 billions as of today (€ 2.7 billions). Its stock quote reached its lowest recent point on March 20, 2020 at US$ 0.50, and its highest recent level on April 26, 2024 at US$ 43.27. Northern Oil and Gas has 65 944 133 shares outstanding. |