Recent Investment Analysts’ Ratings Updates for Northern Oil and Gas (NOG)

A number of firms have modified their ratings and price targets on shares of Northern Oil and Gas (NYSE: NOG) recently:

• 7/15/2026 – Northern Oil and Gas had its “outperform” rating reaffirmed by Raymond James Financial, Inc.. They now have a $28.00 price target on the stock.
• 7/14/2026 – Northern Oil and Gas had its price target lowered by Mizuho from $31.00 to $29.00. They now have a “neutral” rating on the stock.
• 6/29/2026 – Northern Oil and Gas was given a new $25.00 price target by Morgan Stanley. They now have an “underweight” rating on the stock.
• 6/27/2026 – Northern Oil and Gas was downgraded by Wall Street Zen from “buy” to “hold”.
• 6/15/2026 – Northern Oil and Gas was given a new $30.00 price target by Raymond James Financial, Inc.. They now have an “outperform” rating on the stock.
• 6/13/2026 – Northern Oil and Gas was upgraded by Wall Street Zen from “hold” to “buy”.
• 5/22/2026 – Northern Oil and Gas had its “underweight” rating reaffirmed by Morgan Stanley. They now have a $29.00 price target on the stock, up from $28.00.
• 5/21/2026 – Northern Oil and Gas was downgraded by Raymond James Financial, Inc. from “strong-buy” to “outperform”. They now have a $35.00 price target on the stock, down from $37.00.
• 5/20/2026 – Northern Oil and Gas was downgraded by Johnson Rice from “accumulate” to “hold”. They now have a $36.00 price target on the stock.

Northern Oil and Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, June 29th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, June 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.8%. Northern Oil and Gas’s payout ratio is -28.26%.

Insider Buying and Selling at Northern Oil and Gas

In other news, Director Bahram Akradi bought 25,760 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were purchased at an average cost of $19.40 per share, with a total value of $499,744.00. Following the transaction, the director directly owned 1,713,444 shares in the company, valued at approximately $33,240,813.60. The trade was a 1.53% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.80% of the stock is owned by company insiders.

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.