Northern Oil & Gas (NOG) Update - Feb 9

[dan_s]

TipRanks: "On January 26th, Truist analyst Neal Dingmann raised the firm's price target on Northern Oil and Gas to $45 from $42 and keeps a Buy rating on the shares. The company could be "one of the best" free cash flow stories under his coverage, potentially generating free cash flow yield of about 30% this year, the analyst tells investors in a research note. This should help the company easily achieve its recent plan of a 20% quarterly base dividend growth through 2023, Dingmann adds."

My current valuation of NOG is $42, but my valuation will be going up when I update the oil and gas prices in all of my models.

At the time of this post, NOG was trading at $22.79.