NOG - Northern Oil's Hedge Strategy Evaluated: Analyst Sees Strong Production And Capital Spending Avenues | Benzinga
RBC Capital Markets analyst Scott Hanold reiterated the Outperform rating on Northern Oil And Gas, Inc. (NYSE: NOG) with a price target of $46.
Hanold doesn't anticipate buybacks in Q3, although management could be opportunistic.
M&A remains a core strategic growth option and could be picking up a bit, notes the analyst.
Hanold thinks the key investor debates are the pace of bank debt repayment, future M&A activity, progress on existing JVs, and opportunities for production growth beyond 2024.
NOG has seen the ...