Raymond James Lowers Price Target for Northern Oil and Gas but Maintains Outperform Rating
On June 15, Raymond James reduced its price target for Northern Oil and Gas (NOG) to $30 from $35 while maintaining an 'Outperform' rating. The firm cited the company's acquisition of a stake in Parallax Energy’s Duvernay East Shale Basin assets as supportive of long-term growth.
Tickers: $NOG
Topics: Dividend Stocks Energy M&A Activity Production Growth