Mizuho lifts target for Northern Oil and Gas stock to USD 30.00

Published on 10/15/2026 at 19:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NOG's October 12 update cited 19 deals and 1,060 net acres. Northern Oil and Gas stock costs EUR 23.13 on October 15, 2026, down 1.52 percent on the NYSE.

Mizuho revises its target

Mizuho raised its Northern Oil and Gas target from USD 29.00 to USD 30.00 on October 14, 2026.
Third-quarter capital spending was estimated at USD 250.0 million to USD 253.0 million on October 12, 2026.
Northern Oil and Gas stock costs EUR 23.13 at Lang & Schwarz on October 15, 2026 at 7:17 p.m. CEST, down 1.52 percent on the NYSE.
Northern Oil and Gas plans to publish third-quarter results on November 5, 2026.

NOG, US6655313079, Illustration mit AI erstellt.

Mizuho raised its Northern Oil and Gas price target from USD 29.00 to USD 30.00 on October 14, 2026, while keeping a Neutral rating, according to Markets Insider. The new target was 15.83 percent above the USD 25.90 NYSE price at the latest quoted time. Northern Oil and Gas stock was quoted at EUR 23.13 at Lang & Schwarz on October 15, 2026 at 7:17 p.m. CEST.

Third-quarter spending reaches USD 253.0 million

Northern Oil and Gas said its third-quarter capital spending was estimated at USD 250.0 million to USD 253.0 million, excluding non-budgeted acquisitions. The update also cited 19 Ground Game deals, 1,060 net acres and 2.8 net wells. The company said it had repurchased 667,989 shares during the quarter at an average USD 23.96 per share, according to Yahoo Finance, which carried the Business Wire release dated October 12, 2026.

Stock remains below its yearly high

The NYSE quote was USD 25.90 on October 15, 2026 at 1:26 p.m. ET, down 1.52 percent from the USD 26.30 prior close. Northern Oil and Gas therefore stood 16.91 percent below its USD 31.17 52-week high and 50.76 percent above its USD 17.18 52-week low. Trading volume was 644,559 shares against an average of 2,272,048.

Valuation and reporting date

Northern Oil and Gas had a market capitalization of USD 2.8 billion, a trailing P/E ratio of minus 5.06 and a 52-week range of USD 17.18 to USD 31.17. The company plans to publish third-quarter 2026 results on November 5, 2026, after the market closes, followed by a conference call on November 6, 2026, according to Yahoo Finance.

Comparison with peers

Northern Oil and Gas (NYSE, USD): minus 1.52 percent, P/E minus 5.06, market capitalization USD 2.8 billion.
Diamondback Energy (NYSE, USD): minus 0.93 percent, P/E 38.23, market capitalization USD 54.8 billion.
EOG Resources (NYSE, USD): minus 0.66 percent, P/E 11.92, market capitalization USD 80.3 billion.

Euro quote after the Xetra close

The euro quotation places Northern Oil and Gas below its latest NYSE level in absolute terms, while the company enters the next reporting cycle with the November 5 results date and a USD 30.00 Mizuho target in view. The further course of trading is shown by the continuously updated real-time quote of Northern Oil and Gas stock.