Northern Oil and Gas Inc. (NOG) Soars 8.29%

Northern Oil and Gas Inc. (NOG) Soars 8.29%

Northern Oil and Gas Inc. (NOG) had a good day on the market for Tuesday October 22 as shares jumped 8.29% to close at $1.96. About 8.98 million shares traded hands on 18,171 trades for the day, compared with an average daily volume of n/a shares out of a total float of 398.55 million. After opening the trading day at $1.79, shares of Northern Oil and Gas Inc. stayed within a range of $1.99 to $1.79.

With today’s gains, Northern Oil and Gas Inc. now has a market cap of $781.17 million. Shares of Northern Oil and Gas Inc. have been trading within a range of $3.60 and $1.41 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Northern Oil & Gas Inc is an independent energy company engaged in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties. Its principal business is crude oil and natural gas exploration, development, and production with operations in North Dakota and Montana that primarily target the Bakken and Three Forks formations in the Williston Basin of the United States.

Northern Oil and Gas Inc. is based out of Minnetonka, MN and has some 20 employees. Its CEO is Brandon R. Elliott.

Northern Oil and Gas Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

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