Rodman & Renshaw Maintains Northern Oil & Gas Market Outperform, $28 PT Unchanged
Rodman & Renshaw maintained its Northern Oil & Gas (NYSE: NOG) Market Outperform rating and left its $28 price target unchanged in a research report published today.
In the report, Rodman & Renshaw states, "No change to our $28 target or MO rating as NOG's 2012 drilling plans were essentially in line with our expectations. While the company will need to address its liquidity situation sometime early next year, we see multiple outlets from which it should be able to accomplish this task."
Shares of Northern Oil & Gas were trading at $22.18 at the time of posting, up 2.02% from Wednesday's market close.
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