Wall Street is positive on Northern Oil & Gas, Inc. (NOG). On average, analysts give Northern Oil & Gas, Inc. a Strong Buy rating. The average price target is $1.571, which means analysts expect the stock to fall by -71.95% over the next twelve months.
That average ranking earns Northern Oil & Gas, Inc. an Analyst Rating of 80, which is better than 80% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.
Investors Observer averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.
What's Happening With Northern Oil & Gas, Inc. Stock Today?
Northern Oil & Gas, Inc. (NOG) stock is higher by 3.7% while the S&P 500 is lower by -1.56% as of 2:57 PM on Monday, Sep 21. NOG is up $0.20 from the previous closing price of $5.40 on volume of 695,631 shares. Over the past year the S&P 500 has gained 9.22% while NOG is up 159.26%. NOG lost -$1.47 per share the over the last 12 months.
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