Wells Fargo (NYSE:WFC) analyst Nitin Kumar CFA maintained a Buy rating on Northern Oil And Gas (NYSE:NOG) on Friday, setting a price target of $32, which is approximately 54.81% above the present share price of $20.67.
Kumar CFA expects Northern Oil And Gas to post earnings per share (EPS) of $0.14 for the fourth quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Northern Oil And Gas, with an average price target of $35.4.
The analysts price targets range from a high of $43 to a low of $30.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $259.67 million and a net profit of $155.13 million. The company's market cap is $1.37 billion.
According to TipRanks.com, Wells Fargo analyst Nitin Kumar CFA is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 12.1% and a 72.73% success rate.
Northern Oil & Gas, Inc. engages in the acquisition, exploration, development, and production of crude oil and natural gas properties. It focuses on the Bakken and Three Forks formation within the Williston Basin in North Dakota and Montana. The company was founded on March 20, 2007 and is headquartered in Minnetonka, MN.