Northern Oil and Gas

NOG

Market cap $2.55B

Overview Fund Activity

26.10 USD

+0.31

1.2%

At close Updated Sep 17, 11:58 AM EDT

1 day

1.2%

5 days

3.16%

1 month

9.57%

3 months

-17.22%

6 months

-11.16%

Year to date

-30.88%

1 year

-27.64%

5 years

370.27%

10 years

-50.94%

About: Northern Oil & Gas Inc is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and natural gas properties. Its principal business is crude oil and natural gas exploration, development, and production. The company's oil and natural gas sales come from three geographic areas in the United States: the Williston Basin (North Dakota and Montana), the Permian Basin (New Mexico and Texas), the Uinta Basin, and the Appalachian Basin (Pennsylvania and Ohio).

Employees: 49

Energy Oil & Gas Exploration & Production

0

Funds holding %

of 7,463 funds

0

Analysts bullish %

of 5 analysts

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

152% more call options, than puts

Call options by funds: $95.2M | Put options by funds: $37.8M

32% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 38

27% more repeat investments, than reductions

Existing positions increased: 160 | Existing positions reduced: 126

2% more funds holding

Funds holding: 366 [Q1] → 375 (+9) [Q2]

0.55% more ownership

Funds ownership: 114.16% [Q1] → 114.7% (+0.55%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]

6% less capital invested

Capital invested by funds: $3.42B [Q1] → $3.22B (-$208M) [Q2]

See Fund Rankings

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$25

4% downside

Avg. target

$30

16% upside

High target

$38

46% upside

5 analyst ratings

1 positive

20%

3 neutral

60%

1 negative

20%

Mizuho William Janela	$28	Neutral Maintained	15 Sep 2025
Morgan Stanley Devin McDermott	$27	Underweight Downgraded	18 Aug 2025
Piper Sandler Mark Lear	$25	Neutral Maintained	4 Aug 2025
RBC Capital Scott Hanold	$33	Sector Perform Maintained	14 Jul 2025
Citigroup Paul Diamond	$38	Buy Maintained	9 Jul 2025

See Analyst Rankings

Financial journalist opinion

Northern Oil and Gas: Capex Reduction Improves Near-Term Free Cash Flow

Northern reduced its 2025 capex budget by $125 million to $150 million. This only has a minor effect on 2025 production, although it affects 2026 production by significantly more. Northern is likely to end up closer to maintenance production in 2026 now, compared to prior expectations for double-digit growth.

Northern Oil and Gas: Capex Reduction Improves Near-Term Free Cash Flow

3 Mid-Cap Energy Firms Analysts See Moving Up to the Big Leagues

Among the worst-performing portions of the market of 2025, the energy sector may be ripe for a shake-up. Demand growth for some energy products is slowing while many investors seek to divest their holdings from fossil fuels, prompting companies to reduce their exploration budgets.

3 Mid-Cap Energy Firms Analysts See Moving Up to the Big Leagues

Wall Street's Most Accurate Analysts Give Their Take On 3 Defensive Stocks Delivering High-Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Wall Street's Most Accurate Analysts Give Their Take On 3 Defensive Stocks Delivering High-Dividend Yields

Zacks Investment Research

Northern Q2 Earnings Beat Estimates, Revenues Increase Y/Y

NOG expects total production of 130,000-133,000 barrels of oil equivalent per day, with oil production in the range of 74,000-76,000 barrels per day for 2025.

Northern Q2 Earnings Beat Estimates, Revenues Increase Y/Y

Zacks Investment Research

Compared to Estimates, Northern Oil and Gas (NOG) Q2 Earnings: A Look at Key Metrics

The headline numbers for Northern Oil and Gas (NOG) give insight into how the company performed in the quarter ended June 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Northern Oil and Gas (NOG) Q2 Earnings: A Look at Key Metrics

The Motley Fool

NOG Q2 Revenue Up 9%

Northern Oil And Gas (NOG -11.12%), an independent owner of non-operated oil and gas properties, reported its financial results for the second quarter of fiscal 2025 on July 31, 2025. Revenue was $574.4 million.

NOG Q2 Revenue Up 9%

Northern Oil and Gas, Inc. (NOG) Q2 2025 Earnings Conference Call Transcript

Northern Oil and Gas, Inc. (NYSE:NOG ) Q2 2025 Earnings Call August 1, 2025 9:00 AM ET Company Participants Adam Dirlam - President Chad Allen - Chief Financial Officer Evelyn Leon Infurna - Vice President of Investor Relations Nicholas L. O'Grady - CEO & Director Conference Call Participants Charles Arthur Meade - Johnson Rice & Company, L.L.C.

Northern Oil and Gas, Inc. (NOG) Q2 2025 Earnings Conference Call Transcript

NOG Declares $0.45 Quarterly Cash Dividend, 7% Increase Year-over-Year

MINNEAPOLIS--(BUSINESS WIRE)--NOG Declares $0.45 Quarterly Cash Dividend, 7% Increase Year-over-Year.

NOG Declares $0.45 Quarterly Cash Dividend, 7% Increase Year-over-Year

Zacks Investment Research

Northern Oil and Gas (NOG) Beats Q2 Earnings and Revenue Estimates

Northern Oil and Gas (NOG) came out with quarterly earnings of $1.37 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $1.46 per share a year ago.

Northern Oil and Gas (NOG) Beats Q2 Earnings and Revenue Estimates

NOG Announces Second Quarter 2025 Results and Updates 2025 Guidance

MINNEAPOLIS--(BUSINESS WIRE)--NOG Announces Second Quarter 2025 Results; Updates 2025 Guidance.

NOG Announces Second Quarter 2025 Results and Updates 2025 Guidance

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