EAM Global Investors LLC Takes Position in Northern Oil & Gas, Inc. (NOG)
EAM Global Investors LLC acquired a new stake in Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) in the third quarter, according to its most recent filing with the SEC. The fund acquired 323,060 shares of the energy company’s stock, valued at approximately $1,292,000. EAM Global Investors LLC owned approximately 0.11% of Northern Oil & Gas at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. grew its position in shares of Northern Oil & Gas by 151.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 35,509 shares of the energy company’s stock valued at $112,000 after purchasing an additional 21,374 shares in the last quarter. Dynamic Advisor Solutions LLC purchased a new position in shares of Northern Oil & Gas during the 2nd quarter valued at $120,000. CAPROCK Group Inc. purchased a new position in shares of Northern Oil & Gas during the 3rd quarter valued at $156,000. Voya Investment Management LLC purchased a new position in shares of Northern Oil & Gas during the 2nd quarter valued at $123,000. Finally, Metropolitan Life Insurance Co. NY purchased a new position in shares of Northern Oil & Gas during the 2nd quarter valued at $127,000.
NOG has been the subject of a number of recent analyst reports. Capital One Financial upgraded shares of Northern Oil & Gas from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 31st. Zacks Investment Research lowered shares of Northern Oil & Gas from a “buy” rating to a “hold” rating in a research report on Thursday. Northland Securities set a $6.00 price target on shares of Northern Oil & Gas and gave the company a “buy” rating in a research report on Wednesday, August 1st. Finally, Stifel Nicolaus set a $4.00 price target on shares of Northern Oil & Gas and gave the company a “buy” rating in a research report on Wednesday, August 1st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $4.17.
Northern Oil & Gas (NYSEAMERICAN:NOG) last released its quarterly earnings data on Thursday, November 8th. The energy company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The business had revenue of $102.27 million for the quarter, compared to analysts’ expectations of $119.05 million.
In related news, major shareholder Crestview Partners Iii Gp, L.P sold 2,865,329 shares of the business’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $3.49, for a total transaction of $9,999,998.21. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
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About Northern Oil & 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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