UPDATE: RBC Capital Starts Northern Oil and Gas (NOG) at Outperform

January 26, 2021 12:44 AM EST
Get Alerts NOG Hot Sheet
Price: $12.23 --0%

Rating Summary:
    11 Buy, 4 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 7 | Down: 4 | New: 62
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(Updated - January 26, 2021 12:46 AM EST)

RBC Capital analyst Scott Hanold initiates coverage on Northern Oil and Gas (NYSE: NOG) with a Outperform rating and a price target of $14.00.

The analyst comments "We are initiating coverage of NOG shares at Outperform. NOG has a distinct business model as a non-operator that is proven. Management's "Ground Game" acquisition strategy consistently enhances economics, FCF generation, and balance sheet de-leveraging, while larger transactions offer that plus improved scale/relevance."

For an analyst ratings summary and ratings history on Northern Oil and Gas click here. For more ratings news on Northern Oil and Gas click here.

Shares of Northern Oil and Gas closed at $10.45 yesterday.

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