BofA lowered the firm’s price target on Northern Oil and Gas (NOG) to $41 from $48 and keeps a Buy rating on the shares. The firm updated targets and EPS estimates across its oil and gas coverage for Q4 results and mark-to-market for Q1 results, telling investors that it believes strong gas realizations will be a theme for all names in the upcoming quarter.
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Read More on NOG:
- Northern Oil and Gas price target lowered to $38 from $43 at Morgan Stanley
- Northern Oil and Gas increases buyback authorization program by $100M
- Northern Oil and Gas price target lowered to $45 from $55 at Citi
- Northern Oil and Gas downgraded to Equalweight from Overweight at Capital One
- Northern Oil and Gas Reports Strong 2024 Performance
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