Northern Oil & Gas downgraded by Morgan Stanley with a new price target
$NOG
Oil & Gas Production
Energy
Morgan Stanley downgraded Northern Oil & Gas from Equal-Weight to Underweight and set a new price target of $27.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/25/2025 | Outperform | William Blair | |
| 8/18/2025 | $27.00 | Equal-Weight → Underweight | Morgan Stanley |
| 2/21/2025 | Overweight → Equal Weight | CapitalOne | |
| 12/16/2024 | $47.00 | Outperform → Neutral | Mizuho |
| 11/20/2024 | $43.00 → $45.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 10/3/2024 | $53.00 | Buy | Jefferies |
| 9/19/2024 | $47.00 | Outperform | Mizuho |
| 1/5/2024 | $39.00 | Buy → Underperform | BofA Securities |
Northern Oil and Gas, Inc. (NYSE:NOG) (the "Company" or "NOG") today announced that it has priced a private placement (the "Offering") under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the "Securities Act"), to eligible purchasers, of $725 million in aggregate principal amount of new 7.875% senior notes due 2033 (the "New Notes") at par. The Offering is expected to close on October 1, 2025, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the Offering, together with cash on hand and/or borrowings under the Company's revolving credit facility, if necessary, to (i) fund the purchase of the Company's outst
Northern Oil and Gas, Inc. (NYSE:NOG) (the "Company" or "NOG") today announced that it has commenced a cash tender offer (the "Offer") for any and all of its outstanding 8.125% Senior Notes due 2028 (the "Notes"), upon the terms and conditions set forth in the Offer to Purchase, dated as of September 22, 2025, and the related Letter of Transmittal and Notice of Guaranteed Delivery (the "Offer Documents"). The Offer will expire at 5:00 p.m., New York City time, on September 26, 2025, unless extended or earlier terminated (as such time may be extended, the "Expiration Time"). Holders who validly tender (and do not validly withdraw) their Notes (or comply with the procedures for guaranteed d
Northern Oil and Gas, Inc. (NYSE:NOG) (the "Company" or "NOG") today announced that it intends to offer for sale (the "Offering") in a private placement under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the "Securities Act"), to eligible purchasers, $725 million in aggregate principal amount of new senior notes due 2033 (the "New Notes"). The Company intends to use the net proceeds from the Offering, together with cash on hand and/or borrowings under the Company's revolving credit facility, if necessary, to (i) fund the purchase of the Company's outstanding 8.125% Senior Notes due 2028 (the "2028 Notes") validly tendered and accepted for purchase pursuant to the
4 - NORTHERN OIL & GAS, INC. (0001104485) (Issuer)
4 - NORTHERN OIL & GAS, INC. (0001104485) (Issuer)
4 - NORTHERN OIL & GAS, INC. (0001104485) (Issuer)
SD - NORTHERN OIL & GAS, INC. (0001104485) (Filer)
8-K - NORTHERN OIL & GAS, INC. (0001104485) (Filer)
8-K - NORTHERN OIL & GAS, INC. (0001104485) (Filer)
4 - NORTHERN OIL & GAS, INC. (0001104485) (Issuer)
4 - NORTHERN OIL & GAS, INC. (0001104485) (Issuer)
4 - NORTHERN OIL & GAS, INC. (0001104485) (Issuer)
William Blair initiated coverage of Northern Oil & Gas with a rating of Outperform
Morgan Stanley downgraded Northern Oil & Gas from Equal-Weight to Underweight and set a new price target of $27.00
CapitalOne downgraded Northern Oil & Gas from Overweight to Equal Weight
SC 13G - NORTHERN OIL & GAS, INC. (0001104485) (Subject)
SC 13G/A - NORTHERN OIL & GAS, INC. (0001104485) (Subject)
SC 13G/A - NORTHERN OIL & GAS, INC. (0001104485) (Subject)
Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG" or the "Company") today announced that its Board of Directors has declared a cash dividend on the Company's common stock. DIVIDEND DECLARATION NOG's Board of Directors has declared a cash dividend in the amount of $0.45 per share, representing a 7% increase year-over-year and equal to the prior quarterly dividend. The dividend is payable on October 31, 2025, to stockholders of record as of the close of business on September 29, 2025. ABOUT NOG NOG is a real asset company with a primary strategy of acquiring and investing in non-operated minority working and mineral interests in the premier hydrocarbon producing basins within the contiguou
SECOND QUARTER HIGHLIGHTS Total quarterly production of 134,094 Boe per day (57% oil), up 9% from the second quarter of 2024 Oil volumes of 76,944 Bbl per day, up 10.5% from the second quarter of 2024 Record Appalachian volumes of 123.5 MMcf per day Uinta volumes up over 18.5% sequentially, marking the second consecutive quarter of double digit growth GAAP net income of $99.6 million, Adjusted Net Income of $136.3 million and record Adjusted EBITDA of $440.4 million. See "Non-GAAP Financial Measures" below Cash flow from operations of $362.1 million. Excluding changes in net working capital, cash flow from operations was $387.0 million, an increase of 3% from the second qu
Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG" or the "Company") today provided an update on a number of business matters including second quarter hedging results, an update on ground game transactions as well as a material settlement of a legal matter. BUSINESS UPDATE Unrealized mark-to-market gains on derivatives for the second quarter were an estimated $65 – $70 million, driven by changes to the value of the Company's derivatives portfolio. Realized hedge gains were an estimated $58 - $63 million, driven by the Company's natural gas, crude oil and basis hedges. The Company continues to execute its policy of protecting its capital program by periodically entering into financial deriva