Raymond James Reiterates Buy Rating on NOG
Raymond James maintains a buy rating on NOG with a $30 price target, a 44.30% upside from the current price.
Key Points
- Raymond James reiterated its buy rating on NOG with a $30 price target on June 15, 2026.
- Raymond James's $30 price target implies 44.30% upside from Northern Oil and Gas, Inc.'s ($NOG) current $20.79 share price.
- Shares of NOG traded near $20.79, with recent insider activity including buys and sells by key executives.
- Institutional investors like BlackRock increased their holdings, while others like American Century reduced theirs.
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Raymond James has reiterated its buy rating on NOG, setting a price target of $30. This announcement came on June 15, 2026, as shares of NOG traded around $20.79.
Other Institutional Activity in NOG
BlackRock, Inc. grew its holdings in NOG by 1,148,557 shares, ending with 15,718,942 shares valued at approximately $459.5 million. Meanwhile, American Century Companies Inc. reduced its position by 425,775 shares, bringing its total to 7,974,272 shares worth about $233.1 million. Vanguard Portfolio Management LLC added a significant 6,582,052 shares, now holding the same amount worth approximately $192.4 million. State Street Corp increased its stake by 1,356,072 shares, totaling 6,539,968 shares valued at $194.1 million. FMR LLC trimmed its position by 164,234 shares, leaving it with 6,390,533 shares valued at $186.8 million.
Northern Oil and Gas, Inc. Stock Down 19.2%
Shares of NOG traded near $20.79. The stock has seen significant activity from both institutional investors and insiders, reflecting diverse market sentiment.
$NOG price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at Northern Oil and Gas, Inc.
On March 16, 2026, several NOG executives engaged in notable transactions. President Adam Dirlam purchased 36,241 shares, while Chief Technical Officer James Evans sold 5,672 shares at an average price of $27.51, and also bought 12,044 shares. CEO Nicholas O'Grady sold 25,053 shares at $27.51. CFO Chad Allen acquired 13,850 shares, and Chief Legal Officer Erik Romslo sold 5,788 shares at $27.51.
Analysts Set New Price Targets
On June 15, 2026, Raymond James reiterated its buy rating on NOG with a price target of $30. Previously, Morgan Stanley maintained a sell rating with a $29 target on May 22, 2026. Other firms like Citigroup maintained a buy rating, setting targets of $36 on April 14, 2026.
Bottom Line
Raymond James' reiteration of a buy rating with a $30 target provides insight into its confidence in NOG's potential. Investors keep a close eye on such analyst ratings to gauge market sentiment and potential stock performance. It's important to remember that these ratings are based on past data and market conditions as of the report date.
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