Published: Thu, May 25, 2017
Money | By Armando Alvarado

Northern Oil & Gas (NOG) Getting Somewhat Favorable News Coverage, Study Finds


The average volume of a stock suggests the liquidity of a particular company.

Several research firms recently weighed in on CRZO. Brown Advisory Inc. boosted its stake in Carrizo Oil & Gas by 2.8% in the fourth quarter. The investment managers in our partner's database now own: 64.87 million shares, up from 62.98 million shares in 2016Q3. Canaccord Genuity set a $44.00 target price on shares of Carrizo Oil & Gas and gave the company a "buy" rating in a research note on Saturday, February 11th. The stock of Carrizo Oil & Gas Inc (NASDAQ:CRZO) has "Outperform" rating given on Wednesday, October 19 by Imperial Capital.

Shares of Carrizo Oil & Gas Inc (NASDAQ:CRZO) opened at 24.56 on Wednesday. AlphaOne also gave press coverage about the energy company an impact score of 91 out of 100, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the next few days. Five investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. They set a "buy" rating and a $44.00 price target for the company.

Carrizo Oil & Gas (NASDAQ:CRZO) traded down 0.69% during trading on Wednesday, reaching $24.39. At the time of writing, Shares the company recently traded 9.68% away 52-week low and noted price movement -66.00% away from the 52-week high level. Presently, the 200-day moving average is at 34.12, and the 50-day is 26.45.

Market Capitalization can be thought of as the overall price to buy the company. Northland Capital maintained Carrizo Oil & Gas Inc (NASDAQ:CRZO) on Friday, August 7 with "Outperform" rating. (NOG) surprised the stock market in its last reported earnings when it earned 0 a piece versus the consensus-estimated -$0.02. The firm had revenue of $151.36 million during the quarter, compared to analyst estimates of $147.19 million. Carrizo Oil & Gas's revenue was up 86.3% compared to the same quarter a year ago. (NYSE:NOG) last session's volume of 0.86 million shares was higher than its average volume of 0.67 million shares.

Following U.S. election volatility some analysts have updated their recommended target prices on shares of Northern Oil and Gas, Inc.

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In other news, Director Steven A. Webster purchased 25,000 shares of the company's stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $31.31, for a total transaction of $187,860.00. Moreover, Hillcrest Asset Management Llc has 2.3% invested in the company for 313,996 shares. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Gerald A. Morton sold 1,632 shares of Carrizo Oil & Gas stock in a transaction on Monday, March 27th. Over the last quarter, insiders bought 90,830 shares of company stock valued at $2,736,072 and sold 155,878 shares valued at $4,404,678. Insiders own 5.00% of the company shares. The disclosure for this sale can be found here. A value less than one would indicate that the 50 day moving average is below the 200 day, which may indicate negative share price momentum. Public Employees Retirement Association of Colorado increased its stake in Carrizo Oil & Gas by 350.8% in the third quarter. Point72 Asia Hong Kong Ltd now owns 3,523 shares of the oil and gas producer's stock worth $101,000 after buying an additional 3,207 shares in the last quarter.

The share of Northern Oil and Gas, Inc. Daruma Capital Management Llc owns 1.19 million shares or 2.52% of their USA portfolio.

Geosphere Capital Management holds 4.59% of its portfolio in Carrizo Oil & Gas Inc for 107,000 shares. California State Teachers Retirement System now owns 118,253 shares of the oil and gas producer's stock valued at $4,803,000 after buying an additional 1,000 shares during the period.

Northern Oil and Gas, Inc. The Company's activities are focused in proven, producing gas and oil plays in the Eagle Ford Shale in South Texas, the Delaware Basin in West Texas, the Utica Shale in OH, the Niobrara Formation in Colorado, and the Marcellus Shale in Pennsylvania.

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