NOG and Infinity Natural Resources Adjust Ownership Split of Pending Joint Ohio Utica Acquisition
Northern Oil and Gas, Inc. (NOG) and Infinity Natural Resources (INR) have adjusted their ownership split for the pending joint acquisition of Ohio Utica assets from Antero Resources and Antero Midstream. NOG's stake will be 40% (down from original) for a reduced price of $480 million, while INR will acquire 60%. This adjustment aims to optimize NOG's financial flexibility for future growth opportunities, with the transaction still expected to close by the end of the first quarter of 2026.
Analyst Reduces Northern Oil and Gas (NOG) Price Target to $24
Morgan Stanley has lowered its price target for Northern Oil and Gas, Inc. (NYSE: NOG) from $26 to $24, while maintaining an 'Underweight' rating. Mizuho also slightly reduced its price target from $30 to $29 but kept an 'Outperform' rating, citing wider natural gas differentials. Despite these revisions, the article suggests that other AI stocks might offer greater return potential.
68,908 Shares in Northern Oil and Gas, Inc. $NOG Bought by First National Bank of Omaha
First National Bank of Omaha acquired a new position of 68,908 shares in Northern Oil and Gas, Inc. (NYSE:NOG) during the third quarter, valued at approximately $1.7 million. This new stake represents 0.07% of the company's stock. Other institutional investors also adjusted their holdings in Northern Oil and Gas, which currently has a consensus "Hold" rating from analysts with an average target price of $29.29.
Analyst Reduces Northern Oil and Gas (NOG) Price Target to $24
Morgan Stanley reduced its price target for Northern Oil and Gas, Inc. (NOG) from $26 to $24, maintaining an ‘Underweight’ rating due to updated oil price forecasts for 2026-2027. Mizuho also slightly lowered its price target from $30 to $29, but kept an ‘Outperform’ rating, citing wider natural gas differentials. Northern Oil and Gas is highlighted as the largest publicly traded, non-operated upstream energy asset owner in the US.
Analysts Estimate Northern Oil and Gas (NOG) to Report a Decline in Earnings: What to Look Out for
Northern Oil and Gas (NOG) is expected to report a year-over-year decline in earnings and lower revenues for the quarter ended December 2025. The company's upcoming earnings report on February 25 will reveal whether actual results align with or deviate from these estimates. While the Zacks Earnings ESP and Rank indicate it's difficult to conclusively predict an earnings beat, the stock's past performance shows it has beaten consensus EPS estimates in three of the last four quarters.
Northern Oil and Gas, Inc. $NOG Stock Holdings Increased by Advisors Asset Management Inc.
Advisors Asset Management Inc. significantly increased its stake in Northern Oil and Gas (NOG) by 280.8% in Q3, now holding 55,916 shares valued at $1.39 million. This is part of a larger trend of institutional ownership, with major players like DLD Asset Management LP also boosting their positions, resulting in institutional investors owning nearly 98.80% of the company's stock. Despite mixed analyst ratings and several price target cuts, the stock opened up 3.4% on Tuesday.
12th Street Asset Management Company LLC Boosts Stock Position in Northern Oil and Gas, Inc. $NOG
12th Street Asset Management Company LLC increased its stake in Northern Oil and Gas, Inc. (NYSE:NOG) by 20% in the third quarter, acquiring an additional 40,181 shares, bringing its total to 240,730 shares valued at $5.97 million. This makes NOG the firm's 26th largest position, accounting for 1.0% of its holdings. Other institutional investors also significantly increased their positions, leading to institutional ownership of approximately 98.8% of the company.
Is NOG’s Larger Hedge Book and Non‑Cash Impairment Quietly Reframing Its Earnings Story?
Northern Oil and Gas, Inc. (NOG) reported a significant non-cash impairment of US$260-270 million due to lower oil prices, which will impact reported earnings but not cash flows. The company has also expanded its hedge book for 2026 to protect its capital program from commodity price volatility. This move highlights NOG's strategy to balance shareholder payouts, manage debt, and navigate fluctuating commodity prices within its non-operated, acquisition-heavy U.S. shale model.
Zacks Research Has Negative Forecast for NOG FY2027 Earnings
Zacks Research recently lowered its FY2027 earnings per share (EPS) estimate for Northern Oil & Gas (NYSE:NOG) from $3.43 to $3.03, indicating weaker near-term earnings visibility and applying downward pressure on the stock. Several other firms have also adjusted their price targets and ratings, with the consensus rating for NOG currently a "Hold" and a consensus price target of $29.29, while the stock trades near $25.66. Institutional ownership of NOG is very high at 98.80%.
Northern Oil and Gas, Inc. (NYSE:NOG) Receives Consensus Recommendation of "Hold" from Analysts
Northern Oil and Gas, Inc. (NYSE:NOG) has received a consensus "Hold" rating from ten analysts, with an average 12-month price target of $29.29. Recent price target cuts by several brokerages and trimmed EPS estimates by Zacks indicate a weaker earnings outlook, impacting the stock despite mixed fundamentals. The company's stock currently trades around $25.66, with a market cap of $2.5 billion, and institutional investors collectively own 98.80% of its shares.
Northern Oil and Gas reports Q4 hedging gains, record ground game deals
Northern Oil and Gas (NYSE:NOG) reported significant Q4 2025 financial results, including unrealized hedging gains of $84-88 million and realized gains of $70-72 million. The company completed a record 33 ground game transactions in Q4 and 84 for the full year 2025, deploying substantial capital to add net wells and acreage. NOG also announced a major acquisition to expand its Ohio Utica Shale assets and revised hedging positions, though analysts have provided mixed outlooks.
NOG Provides Fourth Quarter Update
Northern Oil and Gas, Inc. (NOG) provided a fourth-quarter update, reporting estimated unrealized mark-to-market gains of $84.0 – $88.0 million and realized hedge gains of $70.0 – $72.0 million. The company continued its "ground game" efforts with a record 33 transactions, deploying $77.0 million in acquisition and development capital. NOG also anticipates a non-cash impairment charge of $260 – $270 million due to lower average oil prices.
Northern Oil and Gas reports Q4 hedging gains, record ground game deals
Northern Oil and Gas (NYSE:NOG) has announced significant Q4 2025 financial results, including estimated unrealized mark-to-market gains of $84-88 million on derivatives and realized hedge gains of $70-72 million. The company also completed a record 33 ground game transactions in Q4 and 84 for the full year, investing substantial capital to add net wells and acreage. Despite positive hedging and ground game activity, the company faces a significant debt burden and expects a non-cash impairment charge due to lower oil prices.
William Blair reiterates Outperform rating on Northern Oil and Gas stock
William Blair has reiterated an Outperform rating on Northern Oil and Gas (NYSE:NOG), citing the company's profitability, P/E ratio, and analyst consensus recommendation. The firm expects stable Q4 2025 results but higher capital expenditures and production increases in H2 2026, alongside a continued "ground-game" acquisition strategy and an unchanged 7% quarterly dividend yield. Recent developments include a significant acquisition of Ohio Utica Shale assets and adjustments to price targets by Raymond James and Mizuho due to commodity price fluctuations and natural gas differentials.
Federated Hermes Inc. Has $591,000 Holdings in Northern Oil and Gas, Inc. $NOG
Federated Hermes Inc. significantly reduced its stake in Northern Oil and Gas, Inc. (NYSE:NOG) by 67.2% in Q3, now holding 23,842 shares valued at $591,000. Northern Oil and Gas reported strong Q3 earnings per share of $1.03, exceeding estimates, despite a 26.1% year-over-year revenue decline. The company has a market capitalization of $2.51 billion, and Wall Street analysts currently maintain a consensus "Hold" rating with an average target price of $29.29.
Price-Driven Insight from (NOG) for Rule-Based Strategy
This article provides a price-driven analysis for Northern Oil And Gas Inc. (NYSE: NOG), highlighting mixed sentiment across different time horizons. It outlines distinct institutional trading strategies, including long, breakout, and short setups, complete with entry, target, and stop-loss levels. The analysis also details multi-timeframe signal strengths, support, and resistance levels for NOG.
Infinity Natural Resources to buy Antero's Ohio shale assets for $1.2B; Northern Oil takes 49% stake
Infinity Natural Resources has agreed to acquire Antero Resources' shale assets in Ohio for $1.2 billion. Northern Oil and Gas will be taking a 49% stake in these assets.
New York State Common Retirement Fund Sells 3,877,502 Shares of Northern Oil and Gas, Inc. $NOG
The New York State Common Retirement Fund significantly reduced its stake in Northern Oil and Gas, Inc. by selling 3,877,502 shares in the third quarter, decreasing its holding by 76.8%. Following the sale, the fund now owns 1,168,755 shares, valued at approximately $28.99 million. The article also notes the company's 7.2% dividend yield but cautions about its 101.7% payout ratio, and highlights mixed analyst sentiment with a consensus "Hold" rating and an average price target of $29.29.
Analysts Offer Insights on Energy Companies: Northern Oil And Gas (NOG) and Williams Co (WMB)
This article summarizes analyst ratings for Northern Oil And Gas (NOG) and Williams Co (WMB). Piper Sandler maintained a Hold rating for NOG with a $25.00 price target, while RBC Capital reiterated a Buy rating for WMB with a $75.00 price target. The piece highlights analyst consensus and individual analyst performance metrics for both companies.
Northern Oil and Gas stock price target lowered by Raymond James
Raymond James has lowered its price target for Northern Oil and Gas (NYSE:NOG) from $33.00 to $32.00, while maintaining a "Strong Buy" rating, citing weaker commodity strip prices. Despite the reduction, the firm remains bullish on NOG's prospects, noting its current undervaluation, robust dividend yield, and strategic acquisition of Utica Shale assets. Mizuho also recently lowered its price target for NOG to $29.00 due to wider natural gas differentials.
Northern Oil and Gas stock price target lowered by Raymond James
Raymond James has reduced its price target for Northern Oil and Gas (NYSE:NOG) to $32.00 from $33.00, while maintaining a Strong Buy rating, citing weaker commodity strip prices. Despite the lower target, the firm remains bullish on NOG, which appears undervalued with InvestingPro Fair Value estimates ranging from $24 to $40. The company recently surpassed Q3 2025 earnings and revenue expectations and announced a major acquisition of Ohio Utica Shale assets, further highlighting its strategic market moves.
Mizuho lowers Northern Oil and Gas stock price target on weaker gas pricing
Mizuho has lowered its price target for Northern Oil and Gas (NYSE:NOG) to $29.00 from $30.00, citing weaker gas pricing and wider natural gas differentials. Despite maintaining a Neutral rating, the firm anticipates stabilization in the company's activity in 2026 after projected deferrals in 2025 due to lower oil prices. Northern Oil and Gas faces high leverage after a recent acquisition and is expected to be near free cash flow neutrality this year, though it maintains an 8.13% dividend yield.
(NOG) Price Dynamics and Execution-Aware Positioning
This article provides an in-depth AI-generated analysis of Northern Oil And Gas Inc. (NYSE: NOG), detailing price dynamics, execution-aware positioning, and strong near-to mid-term sentiment with a weaker long-term outlook. It outlines specific institutional trading strategies, including position trading, momentum, and risk hedging, complete with entry zones, targets, and stop losses. The analysis also provides multi-timeframe signal analysis, support and resistance levels, and highlights an exceptional short setup for a 46.3:1 risk-reward ratio.
Mizuho lowers Northern Oil and Gas stock price target on weaker gas pricing
Mizuho has reduced its price target for Northern Oil and Gas (NOG) to $29.00 from $30.00, citing weaker natural gas pricing and wider gas differentials. Despite expecting some stabilization in activity in 2026, Mizuho anticipates lower oil volumes and a potential 4% EBITDX miss for the upcoming quarter due to gas pricing. The company faces high leverage post-acquisition, but maintains an 8.13% dividend yield and has consistently raised its dividend.
Mizuho lowers Northern Oil and Gas stock price target on weaker gas pricing
Mizuho has lowered its price target for Northern Oil and Gas (NYSE:NOG) to $29.00 from $30.00, citing weaker gas pricing and wider natural gas differentials, while maintaining a Neutral rating. Despite a high debt-to-equity ratio and near free cash flow neutrality after dividends, the company boasts an 8.13% dividend yield and has raised its dividend for five consecutive years. NOG recently reported Q3 2025 earnings beat and announced a significant acquisition of a 49% stake in Ohio Utica Shale assets for $588 million.
Mizuho lowers Northern Oil and Gas stock price target on weaker gas pricing By Investing.com
Mizuho has reduced its price target for Northern Oil and Gas (NYSE:NOG) to $29.00 from $30.00, citing weaker gas pricing and wider natural gas differentials, while maintaining a Neutral rating. Despite a high debt-to-equity ratio and near free cash flow neutrality, the company boasts an impressive 8.13% dividend yield and has raised its dividend for five consecutive years. NOG recently exceeded Q3 2025 earnings forecasts and made a significant acquisition of Ohio Utica Shale assets, expanding its natural gas hedging positions.
NOG Schedules Fourth Quarter and Year-End 2025 Earnings Release and Conference Call
Northern Oil and Gas, Inc. (NOG) announced its plans to release its fourth quarter and year-end 2025 financial and operating results on Wednesday, February 25, 2026, after market close. The company will host a conference call on Thursday, February 26, 2026, at 8:00 a.m. Central Time to discuss these results, with dial-in and webcast details provided. A replay of the call will be available until March 12, 2026, and an archive on NOG's website until February 25, 2027.
NOG Schedules Fourth Quarter and Year-End 2025 Earnings Release and Conference Call | NOG Stock News
Northern Oil and Gas, Inc. (NYSE: NOG) has announced its fourth quarter and year-end 2025 earnings release for February 25, 2026, after market close. A conference call will follow on February 26, 2026, at 8:00 a.m. Central Time, with replay options available. NOG specializes in acquiring non-operated minority working and mineral interests in major U.S. hydrocarbon basins.
Campbell & CO Investment Adviser LLC Buys 57,882 Shares of Northern Oil and Gas, Inc. $NOG
Campbell & CO Investment Adviser LLC significantly increased its stake in Northern Oil and Gas Inc. by 390.1%, acquiring 57,882 additional shares to hold a total of 72,721 shares valued at approximately $1.80 million. Institutional ownership of Northern Oil and Gas is high at 98.8%, with several other funds also modifying their positions. The company recently reported strong Q3 earnings, beating analyst estimates, and declared a quarterly dividend of $0.45, representing an 8.1% yield.
Bank of America Securities Reaffirms Their Buy Rating on Northern Oil And Gas (NOG)
Bank of America Securities analyst Noah Hungness has reiterated a Buy rating for Northern Oil And Gas (NOG) and set a price target of $28.00. This assessment is supported by a Moderate Buy consensus among analysts, with an average price target of $28.33. The company recently reported a quarterly revenue of $485.87 million, with positive insider sentiment observed through recent share purchases.
Is High Yield Amid Negative Free Cash Flow Altering The Investment Case For Northern Oil and Gas (NOG)?
Northern Oil and Gas (NOG) is attracting investor attention with an 8% dividend yield and expanding production, despite negative free cash flow driven by rapid growth and weaker energy prices. The company's commitment to maintaining a $0.45 quarterly dividend through late 2025 places its sustainability at the forefront, especially as earnings have been volatile. While forecasts project revenue and earnings growth by 2028, translating to a $30.70 fair value and significant upside, the sustained negative free cash flow raises questions about the long-term dividend viability.
Zacks Research Has Bearish Estimate for NOG FY2026 Earnings
Zacks Research has lowered its FY2026 EPS estimate for Northern Oil and Gas (NYSE: NOG) to $2.74, significantly below the market consensus of $5.18. Despite this bearish forecast, the company recently surpassed quarterly earnings expectations, reporting an EPS of $1.03 against an anticipated $0.82. Northern Oil and Gas also offers a substantial quarterly dividend of $0.45, resulting in an 8.0% annual yield.
SG Americas Securities LLC Buys 56,241 Shares of Northern Oil and Gas, Inc. $NOG
SG Americas Securities LLC significantly increased its stake in Northern Oil and Gas, Inc. by 399.5% in Q3, acquiring 56,241 shares to hold a total of 70,319 shares valued at $1.744 million. Northern Oil and Gas reported strong Q3 earnings, beating analyst estimates with $1.03 EPS and $556.6 million in revenue, while also announcing a quarterly dividend of $0.45 per share. The company currently holds an average "Hold" rating from analysts with a consensus target price of $30.14.
This 8%-Yielding Stock Offers a Risky but High Dividend as Energy Uncertainty Rises
Northern Oil and Gas (NOG) offers an 8% dividend yield and is attractively valued, despite a recent 45% stock drop and negative free cash flow due to rapid expansion. The company's business model, which involves acquiring minority stakes in successful U.S. wells to keep costs low, positions it to benefit from global energy uncertainty. While the dividend's sustainability is a concern given current earnings and negative free cash flow, increased oil production and prices, or a slowdown in expansion, could improve its financial position.
Northern Oil and Gas Offers 8.2% Dividend Yield Amidst Energy Uncertainty
Northern Oil and Gas (NOG) is highlighted as an attractive investment due to its 8.2% dividend yield and low-risk business model, despite a 9% revenue drop in Q3 2025 caused by weak energy prices. The company's strategy of holding minority stakes in over 11,000 wells helps avoid high exploration costs, though negative free cash flow of $177 million requires close monitoring to ensure future dividend stability. Wall Street analysts maintain a "Moderate Buy" consensus with an average 1-year price target of $28.86 for NOG.
(NOG) as a Liquidity Pulse for Institutional Tactics
This article provides an AI-driven analysis of Northern Oil And Gas Inc. (NYSE: NOG), highlighting a mid-channel oscillation pattern and a favorable 57.0:1 risk-reward setup. It outlines three distinct institutional trading strategies—Position, Momentum Breakout, and Risk Hedging—along with multi-timeframe signal analysis to guide investors. The report suggests potential choppy conditions due to divergent sentiment across different time horizons.
Tributary Capital Management LLC Raises Stock Holdings in Northern Oil and Gas, Inc. $NOG
Tributary Capital Management LLC significantly increased its stake in Northern Oil and Gas, Inc. (NYSE:NOG) by 146.3% in the third quarter, bringing its total holdings to 1,312,256 shares valued at $32.54 million. Other major institutional investors also boosted their positions, with overall institutional ownership in NOG standing at 98.8%. The company recently declared a quarterly dividend of $0.45, translating to an 8.8% yield, while analysts maintain a "Hold" rating with an average price target of $33.25.
Allspring Global Investments Holdings LLC Decreases Stock Holdings in Northern Oil and Gas, Inc. $NOG
Allspring Global Investments Holdings LLC reduced its stake in Northern Oil and Gas, Inc. by 11.7% in the third quarter, while other institutional investors like DLD Asset Management LP and Jennison Associates LLC increased their holdings significantly. Analyst ratings for Northern Oil and Gas are mixed, with a consensus "Hold" rating and a target price of $33.25. The company recently declared a quarterly dividend of $0.45 per share, representing an annualized dividend of $1.80.
(NOG) Risk Channels and Responsive Allocation
This article provides an in-depth AI-driven analysis of Northern Oil And Gas Inc. (NYSE: NOG), highlighting near-term strong sentiment potentially challenging persistent mid and long-term weakness. It details an exceptional 62.5:1 risk-reward setup targeting an 18.2% gain versus 0.3% risk, along with three distinct trading strategies tailored to different risk profiles. The analysis includes multi-timeframe signal analysis and AI-generated support and resistance levels for NOG.
Copeland Capital Management LLC Sells 111,723 Shares of Northern Oil and Gas, Inc. $NOG
Copeland Capital Management LLC reduced its stake in Northern Oil and Gas, Inc. (NYSE:NOG) by 6.0% in the third quarter, selling 111,723 shares and now owning 1,763,980 shares valued at $43,747,000. Institutional investors hold 98.80% of the company's stock. Northern Oil and Gas recently announced a quarterly dividend of $0.45 per share, payable on January 30th to shareholders of record on December 30th.
Harbor Capital Advisors Inc. Sells 118,641 Shares of Northern Oil and Gas, Inc. $NOG
Harbor Capital Advisors Inc. has significantly reduced its stake in Northern Oil and Gas, Inc. (NYSE:NOG) by selling 118,641 shares, decreasing their holdings by 71.1%. Despite a consensus "Hold" rating from analysts and a target price of $33.25, concerns exist regarding NOG's dividend sustainability, as its payout ratio stands at 101.69% for an 8.4% yield. The company's stock currently trades at $21.37 with a market cap of $2.09 billion.
The Bull Case For Northern Oil and Gas (NOG) Could Change Following Ohio-Utica Deal And Hedging Expansion
Northern Oil and Gas (NOG) recently acquired a 49% stake in Ohio Utica Shale assets and expanded its hedging program through 2026 to stabilize cash flows amid commodity price swings. This move aims to bolster its non-operated shale model, addressing near-term price volatility risk. Investors need to evaluate how this hedging and continuous acquisition strategy impacts the company's long-term risk profile and growth prospects.
Price Over Earnings Overview: Northern Oil & Gas
Northern Oil & Gas Inc. (NYSE: NOG) shares are trading at $22.06 after a 2.43% spike, though the stock has decreased by 38.48% over the past year. The company's P/E ratio of 11.84 is lower than the industry average of 19.64, suggesting it might be undervalued or shareholders expect poorer future performance. Investors are advised to use the P/E ratio alongside other financial metrics and qualitative analysis for informed decision-making.
Northern Oil and Gas, Inc. (NYSE:NOG) Receives Average Rating of "Hold" from Analysts
Northern Oil and Gas, Inc. (NYSE:NOG) has received a consensus "Hold" rating from eleven research firms with an average 12-month target price of $33.25. The company announced a quarterly dividend of $0.45, resulting in an 8.2% yield, but has a payout ratio exceeding 100%. Hedge funds and institutional investors hold significant stakes, with DLD Asset Management LP notably increasing its position.
The Bull Case For Northern Oil and Gas (NOG) Could Change Following Ohio-Utica Deal And Hedging Expansion
Northern Oil and Gas recently acquired a 49% stake in Ohio Utica Shale assets and expanded its natural gas and oil hedging program to stabilize cash flows. This move aims to mitigate commodity price volatility and support capital programs, reshaping the company's investment narrative and risk profile. While investors need to consider acquisition risks, the expanded hedging alongside recent refinancing efforts provides a more resilient financial structure for growth.
Northern Oil And Gas (NOG) Gets a Hold from Piper Sandler
Piper Sandler analyst Mark Lear maintained a Hold rating on Northern Oil And Gas (NOG) with a price target of $25.00. This follows a similar Hold rating from RBC Capital and a recent Buy rating from Bank of America Securities. The company reported a quarterly revenue of $485.87 million and a GAAP net loss of $129.07 million, alongside positive insider sentiment with increased insider buying.
Northern Oil and Gas expands natural gas hedging after Ohio Utica deal
Northern Oil and Gas (NYSE:NOG) has substantially increased its natural gas hedging after a joint acquisition in Ohio's Utica region. The company has hedged approximately 60% and 30% of its 2026 and 2027 natural gas production, respectively, and maintains an 8.3% dividend yield, having raised it for five consecutive years. Despite a significant debt load, NOG has a "GOOD" financial health score and recently surpassed Q3 2025 earnings and revenue expectations.
Northern Oil and Gas expands natural gas hedging after Ohio Utica deal
Northern Oil and Gas, Inc. (NYSE:NOG) has significantly increased its natural gas hedging positions following a recent joint acquisition in Ohio's Utica region. The company has added substantial gas hedges for 2026 and 2027, protecting future commodity prices on a portion of its expected production. Despite carrying a $2.3 billion debt load, the company maintains a "GOOD" financial health score, pays an 8.3% dividend yield, and has raised its dividend for five consecutive years.
NOG Provides Post-Transaction Hedge Profile Update
Northern Oil and Gas, Inc. (NOG) has updated its hedge profile following the Ohio Utica joint acquisition, focusing on protecting its capital program through financial derivative instruments. The company has significant natural gas hedges for 2026 and 2027, along with additional select hedges for 2028 and 2029, and has also added M2 and REX Z3 basis hedges. This update details NOG's current oil and natural gas hedge positions, including swap and collar prices, across various contract periods.
How Northern Oil & Gas locked in prices through 2027 after Ohio deal
Northern Oil & Gas (NOG) has updated its hedge profile following its Ohio Utica joint acquisition, significantly increasing natural gas hedges for 2026 and 2027. The company now has approximately 60% and 30% of its Q3 2025 annualized natural gas production (pro forma for the Utica deal) hedged for these years, respectively, along with additional hedges extending through 2029. NOG also maintains substantial oil hedges and has added M2 and REX Z3 basis hedges to protect its capital program.
