Q1 Results Impress: Northern Oil and Gas delivered adjusted earnings per share of $0.74 in the first quarter, surpassing forecasts, alongside robust EBITDA figures from its oil and gas operations. Market participants noted the solid operational metrics despite a GAAP net loss tied to non-cash items.
Recent Downgrade Sparks Debate: A shift in analyst stance from Strong Buy to Outperform with a $35 price target has drawn attention to the company's positioning amid broader energy sector dynamics. Observers highlighted ongoing production strength while weighing potential impacts on near-term momentum.
Note: This discussion summary was generated from an AI condensation of post data.
Northern Oil and Gas Revenue
Northern Oil and Gas had revenues of $5M in Q1 2026. This is a decrease of -99.16% from the same period in the prior year.
You can track NOG financials on Quiver Quantitative's NOG stock page.
You can access data on NOG stock through the Quiver Quantitative API.
Northern Oil and Gas Hedge Fund Activity
We have seen 201 institutional investors add shares of Northern Oil and Gas stock to their portfolio, and 179 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WESTWOOD HOLDINGS GROUP INC removed 2,085,402 shares (-63.0%) from their portfolio in Q1 2026, for an estimated $62,728,892
- WESTFIELD CAPITAL MANAGEMENT CO LP removed 1,899,017 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $40,771,894
- CHANNING CAPITAL MANAGEMENT, LLC removed 1,702,177 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $36,545,740
- STATE STREET CORP added 1,356,072 shares (+26.2%) to their portfolio in Q1 2026, for an estimated $40,790,645
- BLACKROCK, INC. added 1,148,557 shares (+7.9%) to their portfolio in Q1 2026, for an estimated $34,548,594
- MACQUARIE GROUP LTD removed 1,056,633 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $22,685,910
- MILLENNIUM MANAGEMENT LLC removed 874,821 shares (-61.9%) from their portfolio in Q1 2026, for an estimated $26,314,615
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Northern Oil and Gas Analyst Ratings
Wall Street analysts have issued reports on $NOG in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Raymond James issued a "Outperform" rating on 05/21/2026
To track analyst ratings and price targets for Northern Oil and Gas, check out Quiver Quantitative's $NOG forecast page.
Northern Oil and Gas Price Targets
Multiple analysts have issued price targets for $NOG recently. We have seen 8 analysts offer price targets for $NOG in the last 6 months, with a median target of $32.0.
Here are some recent targets:
- John Freeman from Raymond James set a target price of $35.0 on 05/21/2026
- Charles Meade from Johnson Rice set a target price of $36.0 on 05/20/2026
- Paul Diamond from Citigroup set a target price of $36.0 on 04/14/2026
- Noah Hungness from B of A Securities set a target price of $32.0 on 03/24/2026
- Mark Lear from Piper Sandler set a target price of $32.0 on 03/12/2026
- Devin McDermott from Morgan Stanley set a target price of $24.0 on 01/23/2026
- Scott Hanold from RBC Capital set a target price of $30.0 on 01/20/2026
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
