Brokerages Set Northern Oil and Gas, Inc. (NYSE:NOG) Target Price at $29.57

Northern Oil and Gas, Inc. (NYSE:NOG) has received a consensus rating of “Hold” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $31.1429.

A number of research analysts recently commented on NOG shares. Royal Bank Of Canada cut their target price on Northern Oil and Gas from $33.00 to $30.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 20th. Morgan Stanley set a $24.00 price target on shares of Northern Oil and Gas and gave the company an “underweight” rating in a report on Friday, January 23rd. Citigroup increased their price objective on shares of Northern Oil and Gas from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday. Mizuho set a $29.00 price objective on shares of Northern Oil and Gas in a report on Wednesday, January 21st. Finally, Piper Sandler upped their target price on shares of Northern Oil and Gas from $27.00 to $32.00 and gave the company a “neutral” rating in a research note on Thursday.

Northern Oil and Gas Stock Down 3.4%

Shares of NOG opened at $27.62 on Friday. The company has a 50-day simple moving average of $25.05 and a 200-day simple moving average of $23.96. The firm has a market capitalization of $2.69 billion, a P/E ratio of 83.68 and a beta of 0.96. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.09 and a current ratio of 1.09. Northern Oil and Gas has a 52 week low of $19.88 and a 52 week high of $32.62.

Northern Oil and Gas (NYSE:NOG) last released its earnings results on Wednesday, February 25th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.12. The business had revenue of $610.18 million for the quarter, compared to the consensus estimate of $524.98 million. Northern Oil and Gas had a return on equity of 19.74% and a net margin of 1.57%.The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period last year, the business earned $1.11 earnings per share. On average, equities research analysts expect that Northern Oil and Gas will post 5.18 earnings per share for the current year.

Northern Oil and Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Monday, March 30th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Monday, March 30th. Northern Oil and Gas’s dividend payout ratio is currently 545.45%.

Hedge Funds Weigh In On Northern Oil and Gas

Several hedge funds and other institutional investors have recently modified their holdings of NOG. Quadrant Capital Group LLC grew its position in Northern Oil and Gas by 14.9% in the fourth quarter. Quadrant Capital Group LLC now owns 3,092 shares of the company’s stock valued at $66,000 after acquiring an additional 400 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of Northern Oil and Gas by 2.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 14,270 shares of the company’s stock valued at $405,000 after purchasing an additional 402 shares in the last quarter. Range Financial Group LLC grew its holdings in shares of Northern Oil and Gas by 5.3% in the 3rd quarter. Range Financial Group LLC now owns 9,736 shares of the company’s stock worth $241,000 after purchasing an additional 486 shares during the last quarter. SBI Securities Co. Ltd. increased its position in shares of Northern Oil and Gas by 18.8% during the 4th quarter. SBI Securities Co. Ltd. now owns 3,207 shares of the company’s stock worth $69,000 after purchasing an additional 507 shares in the last quarter. Finally, Virtus Investment Advisers LLC increased its position in shares of Northern Oil and Gas by 8.4% during the 4th quarter. Virtus Investment Advisers LLC now owns 7,394 shares of the company’s stock worth $159,000 after purchasing an additional 572 shares in the last quarter. Institutional investors own 98.80% of the company’s stock.

Trending Headlines about Northern Oil and Gas

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

• Positive Sentiment: Citigroup raised its price target to $34 and reiterated a “buy” view, signaling meaningful upside vs. the current market level. Citigroup $34 PT
• Positive Sentiment: Piper Sandler lifted its target to $32 (while keeping a “neutral” rating), which also increases the street upside expectation. Piper Sandler $32 PT
• Neutral Sentiment: The company announced a proposed underwritten public offering to raise up to $200M (with a 30‑day option for an additional $30M), signaling a capital‑raising move that could fund activities or balance‑sheet needs. Proposed Offering Announcement
• Negative Sentiment: The offering was priced (7,207,208 shares, plus underwriter option), confirming dilution and immediate share overhang. That concretely increases share supply and can pressure the stock. Offering Priced
• Negative Sentiment: Market reaction to the offering was negative — news reports show the stock fell after the offering was launched/priced, reflecting investor concern over dilution and near‑term supply. MSN: Stock Sinks After Offering
• Negative Sentiment: Zacks Research cut multiple near‑term EPS estimates (Q1/Q2/Q3/Q4 windows noted) and issued lower quarterly forecasts, which reduces short‑term earnings visibility and can weigh on multiples. Zacks Cuts EPS Estimates

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.