Citigroup raises target for Northern Oil and Gas stock to USD 32.00

Published on 10/17/2026 at 18:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue for the second quarter was USD 745.24 million. NOG stock costs USD 27.16 on October 16, 2026, up 5.48 percent on the NYSE.

Analyst target and valuation

Citigroup lifted its Northern Oil and Gas target from USD 28.00 to USD 32.00 on October 15, 2026.
Revenue for the second quarter was USD 745.24 million, up 5.40 percent year over year.
Northern Oil and Gas stock was last quoted at USD 27.16 at 4:00 p.m. EDT on October 16, 2026, up 5.48 percent versus the NYSE prior close.
The next quarterly dividend payment is scheduled for October 30, 2026.

NOG, US6655313079, Illustration mit AI erstellt.

Citigroup raised its Northern Oil and Gas price target from USD 28.00 to USD 32.00 in a research note dated October 15, 2026, according to Markets Insider. The new target is 17.82 percent above the last quoted NYSE price of USD 27.16. Northern Oil and Gas was last quoted at USD 27.16 on October 16, 2026 at 4:00 p.m. EDT on the NYSE, up 5.48 percent versus the NYSE prior close.

Revenue grew 5.40 percent

Revenue for the second quarter ended June 30, 2026 reached USD 745.24 million, up 5.40 percent from the year-ago quarter, while the company reported diluted earnings per share of USD 1.13. MarketBeat said the quarter missed consensus earnings of USD 1.18 by USD 0.05, even as revenue exceeded the USD 594.09 million consensus estimate. Northern Oil and Gas describes its model as a non-operated energy investment platform spanning major North American basins, including the Williston, Permian and Appalachian basins.

Stock sits 12.86 percent below high

The stock's 52-week range was USD 17.18 to USD 31.17 as of October 16, 2026. At USD 27.16, it stood 12.86 percent below the yearly high and 58.09 percent above the yearly low. Trading volume was 1,691,832 shares against an average of 2,234,385 shares, or 24.28 percent below the average.

Valuation and dividend date

Northern Oil and Gas had a market capitalization of USD 2.9 billion, a negative price-to-earnings ratio of 5.30 and a dividend yield of 0.07 percent as of October 16, 2026. The next scheduled dividend payment is USD 0.45 per share on October 30, 2026, with the record date of September 29, 2026, according to MarketBeat.

Comparison with peers

NOG (NYSE, USD): plus 5.48 percent, P/E -5.30, market capitalization USD 2.9 billion
Occidental Petroleum (NYSE, USD): plus 2.82 percent, P/E 9.60, market capitalization USD 62.4 billion
Ovintiv (NYSE, USD): plus 4.84 percent, P/E 19.92, market capitalization USD 19.2 billion

Price and investor perspective

The 5.48 percent NYSE move placed Northern Oil and Gas above both named peers on October 16, 2026, while the negative price-to-earnings ratio keeps the valuation metric separate from the target-price comparison. Citigroup's USD 32.00 target and the October 30 dividend payment are the next dated reference points for the stock.