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With Bakken Setting Records, Northern Oil & Gas Is An 'Ideal' Energy Play

SunTrust analyst Neal Dingmann upgraded shares of Northern Oil & Gas, Inc. NOG 5.34% from Hold to Buy and increased his price target from $2 to $4.

Dingmann expects the company’s earnings to grow by 68 percent this year and 37 percent in 2019, both driven largely by the Bakken Formation in the Williston Basin. Source

Stochastics are overbought, so the upside is over. The price is ready for a breakout of the rising channel. 

$NOG, Northern Oil and Gas, Inc. Common Stock / D