Northern Oil & Gas falls after Barron’s cautions on company
Independent energy company Northern Oil & Gas Inc. (AMEX:NOG) is falling 8% today after Barron’s financial newspaper issued caution against the stock, alleging the company’s deals are mostly through the CEO’s family members. The paper also said in its July 28 edition that the company had a large amount of underdeveloped land.
In today’s trading, shares of Wayzata, Minn.-based Northern Oil & Gas are at $9.01 at 1:19 p.m. ET, off $0.81 from Friday’s close. Trading volume is below the average number of shares. Shares have ranged between $6.95 and $16.40 during the past year.
For detailed price information and recent news stories about Northern Oil & Gas Inc., click NOG.
