Northern Oil and Gas Acquires Antero Assets for Growth

Northern Oil And Gas ( (NOG) ) has issued an announcement.

On December 5, 2025, Northern Oil and Gas, Inc. and Infinity Natural Resources entered into agreements to jointly acquire upstream and midstream assets from Antero Resources Corporation and Antero Midstream Corporation for a total of $1.2 billion. Northern will hold a 49% stake in these assets, which include significant oil and gas properties in Ohio’s Utica Shale, and expects substantial production growth and cash flow increases through the end of the decade. This acquisition enhances Northern’s natural gas profile and positions it for long-term growth, with Infinity operating the assets.

The most recent analyst rating on (NOG) stock is a Buy with a $27.00 price target. To see the full list of analyst forecasts on Northern Oil And Gas stock, see the NOG Stock Forecast page.

Spark’s Take on NOG Stock

According to Spark, TipRanks’ AI Analyst, NOG is a Outperform.

Northern Oil And Gas receives a solid score due to its strategic financial maneuvers and positive earnings call outlook. While technical indicators show bullish momentum, overbought conditions may pose short-term risks. The company’s valuation is attractive with a high dividend yield, but financial performance is mixed with challenges in revenue growth and cash flow conversion.

To see Spark’s full report on NOG stock, click here.

More about Northern Oil And Gas

Northern Oil and Gas, Inc. (NOG) is a real asset company focused on acquiring and investing in non-operated minority working and mineral interests in premier hydrocarbon producing basins within the contiguous United States.

Average Trading Volume: 2,121,628

Technical Sentiment Signal: Sell

Current Market Cap: $2.43B

Find detailed analytics on NOG stock on TipRanks’ Stock Analysis page.