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Fly News Breaks for June 12, 2018
NOG
Jun 12, 2018 | 12:01 EDT
Stifel analyst Derrick Whitfield views the debt reduction plan announced by Northern Oil and Gas' positively. The plan fits with the company's combined vision to restructure the balance sheet and transform into the largest non-op consolidator in the Bakken, Whitfield tells investors in a research note. He believes limited buyer competition for non-op acreage creates a buying opportunity for Northern Oil shares. The analyst reiterates a Buy rating on the name with a $3.80 price target.
News For NOG From the Last 2 Days
NOG
Apr 23, 2024 | 10:03 EDT
Stifel raised the firm's price target on Northern Oil and Gas to $55 from $54 and keeps a Buy rating on the shares. The firm is updating its commodity estimates ahead of Q1 earnings to reflect strip prices through 2026 and revising its production and capital forecasts to reflect discussions with management, the analyst tells investors. Despite elevated valuations, oil and gas macro tailwinds continue to support sector outperformance, the firm adds.
