Wunderlich Securities Sees Strong Growth for Northern Oil & Gas

In a report published Friday, Wunderlich Securities analyst Jason A. Wangler reiterated a Buy rating and $20.00 price target on

. In the report, Wunderlich Securities noted, “Northern Oil & Gas (NOG) had a very strong 2Q14 as its production was so strong it allowed the company to boost 2014 guidance due to favorable weather, faster drilling times and a focus in the core regions of the play. These moves should continue to drive nice value for Northern in our view given the favorable weather in the Williston yet again during 3Q14 as we sit nearly at the end of the quarter. We like this potential catalyst as something that can show Northern's non-operated strategy value and given the strong regional tailwinds in the Williston we like the valuation versus others in the region.” Northern Oil & Gas closed on Thursday at $14.80.