Northern Oil and Gas price target raised to $51 from $44 at Truist

Truist raised the firm’s price target on Northern Oil and Gas (NOG) to $51 from $44 and keeps a Buy rating on the shares. The company is set up to continue to benefit from its active ground game in recent quarters enabling Northern Oil to continue to grow with similar to potentially lower capital spend, the analyst tells investors in a research note. Truist adds that it continues to believe that the larger more diversified scale should reduce the company’s future operational volatility.