Northern Oil and Gas, Inc. (NYSE:NOG) Receives $30.62 Average Price Target from Analysts

Northern Oil and Gas, Inc. (NYSE:NOG) has received a consensus rating of “Hold” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $30.6250.

NOG has been the subject of a number of recent analyst reports. Morgan Stanley set a $25.00 price target on shares of Northern Oil and Gas and gave the company an “underweight” rating in a report on Monday, June 29th. Citigroup lowered their price target on Northern Oil and Gas from $36.00 to $28.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Johnson Rice cut shares of Northern Oil and Gas from an “accumulate” rating to a “hold” rating and set a $36.00 price objective on the stock. in a research note on Wednesday, May 20th. Wall Street Zen lowered shares of Northern Oil and Gas from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Finally, Mizuho upgraded Northern Oil and Gas to a “hold” rating in a research report on Friday, July 31st.

Insider Activity at Northern Oil and Gas

In related news, Director Bahram Akradi bought 25,760 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were purchased at an average price of $19.40 per share, with a total value of $499,744.00. Following the transaction, the director owned 1,713,444 shares in the company, valued at $33,240,813.60. This trade represents a 1.53% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Northern Oil and Gas

Several hedge funds have recently added to or reduced their stakes in the company. Kennedy Capital Management LLC boosted its position in shares of Northern Oil and Gas by 17.0% during the fourth quarter. Kennedy Capital Management LLC now owns 884,006 shares of the company’s stock valued at $18,980,000 after buying an additional 128,545 shares during the period. Tributary Capital Management LLC lifted its stake in shares of Northern Oil and Gas by 27.7% during the 4th quarter. Tributary Capital Management LLC now owns 837,685 shares of the company’s stock worth $17,985,000 after acquiring an additional 181,557 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Northern Oil and Gas by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 10,873,455 shares of the company’s stock valued at $233,453,000 after acquiring an additional 141,499 shares during the period. Easterly Investment Partners LLC boosted its holdings in Northern Oil and Gas by 32.7% during the 4th quarter. Easterly Investment Partners LLC now owns 187,146 shares of the company’s stock valued at $4,018,000 after acquiring an additional 46,136 shares during the period. Finally, Collar Capital Management LLC bought a new position in Northern Oil and Gas in the 4th quarter valued at $2,877,000. 98.80% of the stock is currently owned by institutional investors.

Northern Oil and Gas Stock Performance

NYSE:NOG opened at $21.52 on Thursday. Northern Oil and Gas has a 52-week low of $17.18 and a 52-week high of $31.17. The business’s fifty day moving average is $20.15 and its 200 day moving average is $24.04. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of -4.15 and a beta of 0.70.

Northern Oil and Gas (NYSE:NOG) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.05). The business had revenue of $745.24 million during the quarter, compared to analysts’ expectations of $594.09 million. Northern Oil and Gas had a negative net margin of 25.35% and a positive return on equity of 18.57%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.37 EPS. Research analysts predict that Northern Oil and Gas will post 3.5 EPS for the current year.

Northern Oil and Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, September 29th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date of this dividend is Tuesday, September 29th. Northern Oil and Gas’s dividend payout ratio (DPR) is presently -28.26%.

Northern Oil and Gas News Summary

Here are the key news stories impacting Northern Oil and Gas this week:

• Positive Sentiment: Revenue materially exceeded expectations: NOG reported second-quarter revenue of approximately $745.2 million, up 5.4% from the prior year and well above the roughly $594.1 million analyst estimate. The sales outperformance appears to be the primary support for the stock. NOG Announces Second Quarter 2026 Results
• Positive Sentiment: EPS beat at least one widely followed estimate: Adjusted earnings were reported at $1.13 per share, above Zacks’ consensus estimate of $1.02. That earnings beat, combined with the revenue outperformance, likely helped improve investor sentiment. Northern Oil and Gas Q2 Earnings and Revenues Surpass Estimates
• Neutral Sentiment: Management commentary is now a key focus: The company’s Q2 earnings-call transcript and presentation provide additional context on operating performance, commodity-market conditions, capital allocation and its outlook. Investors will look for any changes to expectations for production, cash flow and leverage. NOG Q2 2026 Earnings Call Transcript
• Negative Sentiment: Profitability was weaker than last year: EPS of $1.13 declined from $1.37 in the year-earlier quarter. One analyst consensus measured by MarketBeat was $1.17, meaning NOG missed that estimate by $0.04, while its reported net margin remained negative at 33.17%. Northern Oil and Gas Earnings Results

About Northern Oil and Gas

Northern Oil and Gas, Inc is a publicly traded independent energy company focused on the acquisition, exploration and development of oil and natural gas resources in the United States. The company’s primary operations are concentrated in the Williston Basin, where it secures acreage positions and partners with drilling operators to advance upstream projects. Through strategic leasehold acquisitions and joint ventures, Northern Oil and Gas seeks to expand its footprint in both conventional and unconventional reservoirs.

Northern Oil and Gas employs horizontal drilling and hydraulic fracturing technologies to develop unconventional resource plays, particularly in the Bakken, Three Forks and Red River formations of North Dakota and Montana.