Analyst Reduces Northern Oil and Gas (NOG) Price Target to $24

Northern Oil and Gas, Inc. (NYSE:NOG) is the largest publically traded, non-operated upstream vigor plus proprietor successful the United States, engaged successful the acquisition, exploration, development, and accumulation of lipid and earthy state properties.

On January 23, Morgan Stanley lowered the firm’s terms people connected Northern Oil and Gas, Inc. (NYSE:NOG) from $26 to $24, but maintained its ‘Underweight’ standing connected the shares. The steadfast updated its 2026-27 lipid terms forecasts arsenic of January 7, successful conjunction with its Q4 preview for E&Ps, lipid majors, and Canadian producers. The expert expects the Q4 operational updates to beryllium ‘fairly clean’, portion it projects lighter currency travel from terms realizations.

Earlier connected January 21, Mizuho besides somewhat reduced its terms people connected Northern Oil and Gas, Inc. (NYSE:NOG) from $30 to $29, portion keeping an ‘Outperform’ standing connected the shares. The revised target, which inactive indicates an upside of implicit 13% from existent levels, is portion of the firm’s Q4 preview. The expert cited wider earthy state differentials arsenic the crushed for the lowered target, but noted that NOG should spot immoderate stabilization successful enactment this year.

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Disclosure: None.