Northern Oil and Gas (NYSE:NOG) Price Target Raised to $32.00

Posted by George Bondi on Oct 18th, 2026

Northern Oil and Gas (NYSE:NOG – Free Report) had its target price raised by Citigroup from $28.00 to $32.00 in a report published on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts also recently issued research reports about the company. Mizuho increased their price objective on Northern Oil and Gas from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday. Weiss Ratings lowered Northern Oil and Gas from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, October 8th. Wall Street Zen upgraded Northern Oil and Gas from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Scotiabank initiated coverage on Northern Oil and Gas in a research report on Wednesday. They set a “sector perform” rating and a $27.00 target price for the company. Finally, Raymond James Financial restated an “outperform” rating and issued a $31.00 target price (up from $28.00) on shares of Northern Oil and Gas in a research note on Thursday, September 10th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Northern Oil and Gas has a consensus rating of “Hold” and an average target price of $31.22.

Check Out Our Latest Research Report on Northern Oil and Gas

Northern Oil and Gas Stock Performance

Northern Oil and Gas stock opened at $27.19 on Thursday. The firm’s 50 day simple moving average is $25.18 and its 200 day simple moving average is $23.56. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $2.90 billion, a PE ratio of -5.25 and a beta of 0.90. Northern Oil and Gas has a 1-year low of $17.18 and a 1-year high of $31.17.

Northern Oil and Gas (NYSE:NOG – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.05). Northern Oil and Gas had a positive return on equity of 18.69% and a negative net margin of 25.35%. The firm had revenue of $745.24 million during the quarter, compared to analysts’ expectations of $594.09 million. During the same quarter in the prior year, the company earned $1.37 earnings per share. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, analysts expect that Northern Oil and Gas will post 3.82 earnings per share for the current fiscal year.

Northern Oil and Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, September 29th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.6%. Northern Oil and Gas’s dividend payout ratio is presently -34.75%.

Institutional Trading of Northern Oil and Gas

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ascentis Independent Advisors purchased a new position in Northern Oil and Gas in the first quarter worth $33,000. Triumph Capital Management increased its stake in Northern Oil and Gas by 77.8% in the third quarter. Triumph Capital Management now owns 1,600 shares of the company’s stock valued at $37,000 after acquiring an additional 700 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in Northern Oil and Gas in the second quarter valued at $29,000. Allworth Financial LP purchased a new stake in Northern Oil and Gas during the second quarter valued at about $31,000. Finally, Farther Finance Advisors LLC raised its position in Northern Oil and Gas by 41.2% during the third quarter. Farther Finance Advisors LLC now owns 1,751 shares of the company’s stock valued at $40,000 after purchasing an additional 511 shares in the last quarter. Hedge funds and other 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: Zacks upgraded NOG to Rank #2 (Buy), citing growing optimism about the company’s earnings prospects. Because the Zacks system emphasizes earnings estimates and revisions, the upgrade may attract additional momentum-oriented investors. What Makes Northern Oil and Gas a New Buy Stock
Positive Sentiment: Citigroup raised its NOG price target from $28 to $32 and maintained a Buy rating. The higher target implies meaningful upside from the recently cited $27.19 reference price and provides a strong near-term catalyst. Read More
Positive Sentiment: Mizuho lifted its price target to $30 and was described as forecasting strong appreciation for NOG. The revision adds to the group of analysts signaling further potential upside. Mizuho lifts target for Northern Oil and Gas stock to USD 30.00
Neutral Sentiment: Scotiabank initiated coverage with a Sector Perform rating, signaling a view that NOG should broadly track its industry rather than materially outperform it. Scotiabank Initiates Northern Oil and Gas at Sector Perform
Neutral Sentiment: RBC Capital assigned NOG a Hold rating, tempering the more bullish calls and highlighting continued analyst disagreement over the stock’s valuation and outlook. Northern Oil and Gas Receives a Hold from RBC Capital
Neutral Sentiment: A separate Zacks review examined NOG’s value, growth and momentum characteristics but did not identify a major new operating development or change in fundamentals. Should Value Investors Buy Northern Oil and Gas Stock?

About Northern Oil and Gas

(Get Free Report)

Northern Oil and Gas, Inc is an independent energy company engaged in the acquisition, exploration, development and production of crude oil, natural gas and natural gas liquids in the United States. The company primarily holds non-operated working interests in wells, allowing it to participate in hydrocarbon development without serving as the principal operator.

Northern Oil and Gas has built a diversified portfolio across several major U.S. oil and natural gas regions, including the Williston Basin, the Permian Basin and the Appalachian Basin.