Northern Oil and Gas, Inc. Buyback
OLI recorded this information on 3/24/2014
Company:
Northern Oil and Gas, Inc.
Buyback:
NOG buyback
Shares Announced Repurchased:
5%
Buyback Details:
Northern Oil and Gas, Inc. (NYSE MKT: NOG) ("Northern") today announced that the company has executed on the repurchase of approximately 5% of its outstanding stock since beginning repurchases in August 2013 under its stock repurchase program. As of March 21, 2014, a total of 3,055,280 shares have been repurchased at a total cost of $39.8 million, or an average cost of $13.04 per share.
Northern Oil and Gas is an energy company engaged in the acquisition, exploration, development and production of oil and natural gas properties, primarily in the Williston Basin, the Appalachian Basin and the Permian Basin. Co. primarily engage in oil and natural gas exploration and production by participating on a proportionate basis alongside third-party interests in wells drilled and completed in spacing units that include Co.'s acreage. In addition, Co. acquires wellbore-only working interests in wells in which Co. does not hold the leasehold interests from third parties unable or unwilling to participate in particular well proposals.
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Avg. Broker Rec.
 
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Strong Buy (3.50 out of 4) 57th percentile
(ranked higher than approx. 57% of all stocks covered)
Analysts' Target Price: NOG Stock Forecast Based on Zacks ABR data; powered by Xignite |
