Piper Sandler Issues Positive Forecast for Northern Oil and Gas (NYSE:NOG) Stock Price

Northern Oil and Gas (NYSE:NOG) had its price target upped by Piper Sandler from $27.00 to $32.00 in a research note published on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages have also commented on NOG. Citigroup increased their price objective on Northern Oil and Gas from $28.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday. Mizuho set a $29.00 target price on shares of Northern Oil and Gas in a report on Wednesday, January 21st. Royal Bank Of Canada cut their price target on shares of Northern Oil and Gas from $33.00 to $30.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Northern Oil and Gas in a report on Thursday, January 22nd. Finally, Morgan Stanley set a $24.00 price target on shares of Northern Oil and Gas and gave the company an “underweight” rating in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $31.14.

Northern Oil and Gas Trading Down 3.4%

Northern Oil and Gas stock opened at $27.62 on Thursday. The stock has a market cap of $2.69 billion, a P/E ratio of 83.68 and a beta of 0.96. Northern Oil and Gas has a fifty-two week low of $19.88 and a fifty-two week high of $32.62. The firm’s fifty day moving average price is $25.05 and its 200-day moving average price is $23.96. 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 (NYSE:NOG) last announced 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 analyst estimates of $524.98 million. Northern Oil and Gas had a return on equity of 19.74% and a net margin of 1.57%.The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.11 EPS. Equities research analysts forecast that Northern Oil and Gas will post 5.18 earnings per share for the current fiscal year.

Northern Oil and Gas Dividend Announcement

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

Institutional Trading of Northern Oil and Gas

Large investors have recently added to or reduced their stakes in the business. Tributary Capital Management LLC raised its stake in shares of Northern Oil and Gas by 146.3% in the third quarter. Tributary Capital Management LLC now owns 1,312,256 shares of the company’s stock worth $32,544,000 after buying an additional 779,492 shares during the period. Channing Capital Management LLC increased its holdings in Northern Oil and Gas by 15.7% in the 3rd quarter. Channing Capital Management LLC now owns 1,702,177 shares of the company’s stock valued at $42,214,000 after acquiring an additional 230,899 shares during the last quarter. Campbell & CO Investment Adviser LLC lifted its position in shares of Northern Oil and Gas by 390.1% in the third quarter. Campbell & CO Investment Adviser LLC now owns 72,721 shares of the company’s stock worth $1,803,000 after buying an additional 57,882 shares in the last quarter. 12th Street Asset Management Company LLC boosted its position in shares of Northern Oil and Gas by 20.0% during the 3rd quarter. 12th Street Asset Management Company LLC now owns 240,730 shares of the company’s stock valued at $5,970,000 after acquiring an additional 40,181 shares during the last quarter. Finally, Register Financial Advisors LLC grew its stake in shares of Northern Oil and Gas by 364.4% in the 3rd quarter. Register Financial Advisors LLC now owns 104,547 shares of the company’s stock worth $2,593,000 after buying an additional 82,033 shares in the last quarter. 98.80% of the stock is currently owned by institutional investors.

Key Headlines Impacting 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.