Northern Oil and Gas, Inc. (NOG) saw a big move last session, as the company’s shares fell by over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for NOG, as the stock is now up over 6% in the past one-month time frame.
The independent energy company has seen a flat track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
NOG currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the oil exploration and production industry may consider better-ranked stocks like Encana Corporation (ECA), QEP Resources, Inc. (QEP) and Ultra Petroleum Corp. (UPL). All these stocks carry a Zacks Rank #1 (Strong Buy).
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NORTHERN OIL AND GAS INC (NOG): Free Stock Analysis Report
ENCANA CORP (ECA): Free Stock Analysis Report
QEP RESOURCES INC (QEP): Free Stock Analysis Report
ULTRA PETROLEUM CORP (UPL): Free Stock Analysis Report
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