Northern Oil and Gas (NYSE:NOG) Rating Increased to Buy at Wall Street Zen

Northern Oil and Gas (NYSE:NOG) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other research firms have also recently commented on NOG. Weiss Ratings cut Northern Oil and Gas from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Royal Bank Of Canada raised their target price on Northern Oil and Gas from $30.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 8th. Bank of America raised their target price on Northern Oil and Gas from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, March 24th. Johnson Rice cut Northern Oil and Gas from an “accumulate” rating to a “hold” rating and set a $36.00 target price for the company. in a research note on Wednesday, May 20th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $29.00 target price (up from $28.00) on shares of Northern Oil and Gas in a research note on Friday, May 22nd. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $33.00.

Northern Oil and Gas Trading Up 1.7%

Shares of NOG stock opened at $20.77 on Friday. The stock has a 50-day moving average of $24.59 and a 200-day moving average of $24.74. Northern Oil and Gas has a 1-year low of $20.06 and a 1-year high of $32.62. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of -3.26 and a beta of 0.68. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.43.

Northern Oil and Gas (NYSE:NOG) last released its earnings results on Tuesday, April 28th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. Northern Oil and Gas had a positive return on equity of 18.43% and a negative net margin of 33.17%.The business had revenue of $5.03 million during the quarter, compared to analysts’ expectations of $511.38 million. During the same quarter last year, the firm posted $1.33 earnings per share. The firm’s revenue was down 6.2% on a year-over-year basis. On average, equities research analysts forecast that Northern Oil and Gas will post 3.46 earnings per share for the current year.

Institutional Investors Weigh In On Northern Oil and Gas

A number of hedge funds have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its stake 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. SBI Securities Co. Ltd. grew its stake in Northern Oil and Gas by 18.8% in the fourth quarter. SBI Securities Co. Ltd. now owns 3,207 shares of the company’s stock valued at $69,000 after acquiring an additional 507 shares during the period. Virtus Investment Advisers LLC grew its stake in Northern Oil and Gas by 8.4% in the fourth quarter. Virtus Investment Advisers LLC now owns 7,394 shares of the company’s stock valued at $159,000 after acquiring an additional 572 shares during the period. Isthmus Partners LLC grew its stake in Northern Oil and Gas by 0.8% in the first quarter. Isthmus Partners LLC now owns 82,358 shares of the company’s stock valued at $2,407,000 after acquiring an additional 619 shares during the period. Finally, State of Alaska Department of Revenue grew its stake in Northern Oil and Gas by 0.7% in the fourth quarter. State of Alaska Department of Revenue now owns 91,485 shares of the company’s stock valued at $1,963,000 after acquiring an additional 633 shares during the period. Institutional investors and hedge funds own 98.80% of the company’s stock.

Northern Oil and Gas News Summary

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

• Positive Sentiment: Zacks Research increased its FY2026 EPS estimate for Northern Oil and Gas to $3.07 from $2.74, implying stronger near-term earnings power. Northern Oil and Gas stock page
• Positive Sentiment: The firm also lifted FY2027 EPS estimates to $3.49 from $3.15 and FY2028 estimates to $3.35 from $3.02, pointing to continued confidence in longer-term profitability. Northern Oil and Gas stock page
• Positive Sentiment: Quarterly outlooks were also raised, including Q2 2026, Q3 2026, Q4 2026, and 2027 quarters, which can reinforce investor sentiment that earnings momentum is improving. Northern Oil and Gas stock page

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.