William Blair analyst Neal Dingmann has maintained their bullish stance on NOG stock, giving a Buy rating on October 23.
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Neal Dingmann has given his Buy rating due to a combination of factors that highlight Northern Oil and Gas’s strong financial performance and strategic positioning. The company reported higher-than-expected earnings and free cash flow for the third quarter, which exceeded both Neal’s and consensus estimates. This robust performance was largely attributed to favorable pricing and cost management, excluding a significant settlement gain.
Furthermore, Northern Oil and Gas has maintained its 2025 guidance while showcasing positive trends such as reduced drilling and completion costs and an active acquisition strategy. The company’s focus on the Permian Basin, along with opportunities in other regions, positions it well for future growth. Neal anticipates that the stock will perform in line with its peers, supported by these strategic initiatives and financial results.
According to TipRanks, Dingmann is a 2-star analyst with an average return of 0.0% and a 42.67% success rate. Dingmann covers the Energy sector, focusing on stocks such as Civitas Resources, Diamondback, and Devon Energy.
In another report released on October 23, Bank of America Securities also reiterated a Buy rating on the stock with a $28.00 price target.