Morgan Stanley raises target for Northern Oil and Gas stock from USD 25.00 to USD 26.00

Published on 10/20/2026 at 22:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue rose 5.40 percent to USD 745.24 million. Northern Oil and Gas stock costs EUR 24.53 on October 20, 2026, versus USD 27.55 on the NYSE.

Analyst target and operations

Morgan Stanley raised its Northern Oil and Gas target from USD 25.00 to USD 26.00 on October 15, 2026.
Second-quarter revenue rose 5.40 percent year over year to USD 745.24 million.
Northern Oil and Gas stock stood at EUR 24.53 at Lang & Schwarz on October 20, 2026 at 10:00 p.m. CEST.

NOG, US6655313079, Illustration mit AI erstellt.

Northern Oil and Gas (ISIN US6655313079) faced a Morgan Stanley target of USD 26.00, raised from USD 25.00 in a note dated October 15, 2026, while the firm kept an underweight rating, according to MarketBeat. At USD 27.55 on the NYSE, the target stood 5.63 percent below the latest US quote. At Lang & Schwarz, the euro quote was EUR 24.53 on October 20, 2026 at 10:00 p.m. CEST.

Revenue provides the operating anchor

Northern Oil and Gas reported revenue of USD 745.24 million for the second quarter of 2026, up 5.40 percent from the same period a year earlier, while adjusted earnings per share missed consensus at USD 1.13 versus USD 1.18. MarketBeat also reported a second-quarter revenue estimate of USD 594.09 million, putting actual revenue USD 151.15 million above consensus.

The company describes itself as a non-operated energy platform with interests across the Williston, Uinta, Permian, Appalachian and Duverney Alberta Canada basins. Its homepage says the portfolio covered more than 400,000 acres and more than 12,500 wells across 100 operators, figures presented by Northern Oil and Gas.

What does the target imply?

The Morgan Stanley target is below the latest NYSE quote, contrasting with the broader analyst range. MarketBeat cited ten brokerages with three buy ratings, five holds and two sells, alongside an average target of USD 31.22. Citigroup had raised its target to USD 32.00 on October 15, 2026, but that analyst action is treated here as earlier coverage rather than the main subject.

Price position and company scale

The latest US quote of USD 27.55 sat within a 52-week range of USD 17.18 to USD 31.17 on October 20, 2026. Northern Oil and Gas had a market capitalization of USD 2.9 billion and a price-to-earnings ratio of minus 5.38 on the same date. The company homepage also listed cash general and administrative costs of USD 0.94 per BOE for the second quarter of 2026 and an average return on capital employed of 19.00 percent for 2020 through 2025.

Stock view for investors

The central contrast is clear: second-quarter revenue beat the published consensus by USD 151.15 million, while adjusted earnings per share came in USD 0.05 below expectations. Morgan Stanley's USD 26.00 target therefore sits below the latest NYSE quote, whereas the wider average target of USD 31.22 remains higher.

Northern Oil and Gas stock stood at EUR 24.53 at Lang & Schwarz on October 20, 2026 at 10:00 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Northern Oil and Gas stock.