Stifel raised the firm’s price target on Northern Oil and Gas to $55 from $54 and keeps a Buy rating on the shares. The firm is updating its commodity estimates ahead of Q1 earnings to reflect strip prices through 2026 and revising its production and capital forecasts to reflect discussions with management, the analyst tells investors. Despite elevated valuations, oil and gas macro tailwinds continue to support sector outperformance, the firm adds.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NOG:
- Northern Oil and Gas price target raised to $42 from $38 at Piper Sandler
- Northern Oil and Gas announces Q1 hedging results
- Northern Oil and Gas price target lowered to $55 from $56 at Truist
- Northern Oil and Gas price target lowered to $38 from $39 at Morgan Stanley
- Northern Oil and Gas price target raised to $51 from $45 at Jefferies