Northern Oil and Gas (NYSE:NOG) Stock Bumped Up to Strong-Buy by Wall Street Zen

Posted by George Bondi on Nov 8th, 2026

Wall Street Zen upgraded shares of Northern Oil and Gas (NYSE:NOG – Free Report) from a buy rating to a strong-buy rating in a report issued on Saturday morning,Wall Street Zen reports.

Other equities research analysts have also issued research reports about the company. Citigroup upped their price target on Northern Oil and Gas from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, October 15th. Raymond James Financial restated an “outperform” rating and set a $34.00 price objective on shares of Northern Oil and Gas in a research report on Wednesday, October 28th. Scotiabank began coverage on Northern Oil and Gas in a research note on Wednesday, October 14th. They issued a “sector perform” rating and a $27.00 price objective on the stock. Weiss Ratings raised Northern Oil and Gas from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, October 30th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $26.00 target price (up from $25.00) on shares of Northern Oil and Gas in a report on Thursday, October 15th. 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. Based on data from MarketBeat.com, Northern Oil and Gas currently has a consensus rating of “Hold” and a consensus target price of $31.56.

Check Out Our Latest Stock Analysis on Northern Oil and Gas

Northern Oil and Gas Price Performance

Shares of NYSE:NOG opened at $22.77 on Friday. The firm has a market cap of $2.43 billion, a PE ratio of -4.64 and a beta of 0.85. The firm’s fifty day moving average is $25.46 and its 200-day moving average is $24.54. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.80. Northern Oil and Gas has a 52 week low of $17.18 and a 52 week high of $31.17.

Northern Oil and Gas (NYSE:NOG – Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.23. The company had revenue of $345.91 million for the quarter, compared to analysts’ expectations of $617.68 million. Northern Oil and Gas had a negative net margin of 27.47% and a positive return on equity of 21.40%. Northern Oil and Gas’s revenue for the quarter was up 45.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. Sell-side analysts predict that Northern Oil and Gas will post 3.84 earnings per share for the current year.

Northern Oil and Gas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 29th. Investors of record on Wednesday, December 30th will be issued a $0.45 dividend. The ex-dividend date is Wednesday, December 30th. This represents a $1.80 annualized dividend and a yield of 7.9%. Northern Oil and Gas’s payout ratio is presently -34.75%.

Institutional Trading of Northern Oil and Gas

Institutional investors have recently bought and sold shares of the company. Bank of America Corp DE raised its position in shares of Northern Oil and Gas by 18.5% in the 1st quarter. Bank of America Corp DE now owns 1,245,639 shares of the company’s stock worth $36,410,000 after acquiring an additional 194,861 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Northern Oil and Gas by 116.8% in the 1st quarter. First Trust Advisors LP now owns 1,167,971 shares of the company’s stock valued at $34,140,000 after purchasing an additional 629,197 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Northern Oil and Gas during the 2nd quarter valued at about $26,769,000. Empowered Funds LLC boosted its position in shares of Northern Oil and Gas by 5.3% during the 1st quarter. Empowered Funds LLC now owns 403,127 shares of the company’s stock valued at $11,783,000 after purchasing an additional 20,413 shares in the last quarter. Finally, Requisite Capital Management LLC bought a new stake in shares of Northern Oil and Gas during the 2nd quarter valued at about $10,519,000. Institutional investors own 98.80% of the company’s stock.

Key Headlines Impacting Northern Oil and Gas

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

Positive Sentiment: NOG reported Q3 EPS of $1.32, above the $1.09 consensus cited in the earnings coverage and up from $1.03 a year earlier. A post-earnings review also highlighted production strength and portfolio optimization as support for a positive outlook. Article: NOG Q3 2026 deep dive
Neutral Sentiment: Revenue rose 45.2% year over year, but reports disagree on whether it beat estimates: MarketBeat cites revenue of $345.9 million versus a $617.7 million consensus, while a Zacks headline describes revenue as a beat. That discrepancy makes the sales comparison difficult to interpret from the available coverage. Article: Q3 sales expectations and adjusted EPS
Negative Sentiment: If the $617.7 million consensus comparison is correct, the reported $345.9 million in revenue was a substantial miss, potentially tempering the positive earnings reaction despite year-over-year growth. Article: Northern Oil and Gas Q3 earnings

Northern Oil and Gas Company Profile

(Get Free Report)

Northern Oil and Gas, Inc is an independent energy company engaged in the acquisition, development and production of crude oil, natural gas and natural gas liquids in the United States. The company primarily holds non-operated working interests, allowing it to participate in wells drilled and managed by other exploration and production companies while maintaining exposure to a broad portfolio of oil and gas assets.

Northern Oil and Gas has historically focused on properties in the Williston Basin of North Dakota and Montana and has expanded its operations into other major U.S.