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Northern Oil and Gas (NOG) in Focus: Stock Moves 6.8% Higher

Zacks Equity Research

Northern Oil and Gas, Inc. NOG was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $2.10 –$2.56 in the past one-month time frame, witnessed a sharp increase yesterday.

The upmove came after the company reported better-than-expected fourth-quarter 2018 results.

The company has seen a mixed track record when it comes to estimate revisions of no increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Northern Oil and Gas currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Northern Oil and Gas, Inc. Price

Northern Oil and Gas, Inc. Price | Northern Oil and Gas, Inc. Quote

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Investors interested in the Oil and Gas – Exploration and Production – United States industry may consider Antero Resources Corporation AR, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is NOG going up? Or down? Predict to see what others think:Up or Down

 

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To read this article on Zacks.com click here.
 
Zacks Investment Research