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

Several brokerages have updated their recommendations and price targets on shares of Northern Oil and Gas (NYSE: NOG) in the last few weeks:

• 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.
• 5/4/2026 – Northern Oil and Gas was downgraded by Weiss Ratings from “hold (c-)” to “sell (d+)”.

Northern Oil and Gas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, June 29th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date of this dividend is Monday, June 29th. Northern Oil and Gas’s payout ratio is presently -28.26%.

Insider Buying and Selling

In other Northern Oil and Gas news, Director Bahram Akradi purchased 25,760 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was purchased at an average price of $19.40 per share, for a total transaction of $499,744.00. Following the purchase, the director directly owned 1,713,444 shares in the company, valued at approximately $33,240,813.60. This trade represents a 1.53% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.80% of the stock is currently 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.