Advertisement
Advertisement

Northern Oil And Gas Secures New Credit Facility

Story Highlights
  • Northern Oil and Gas entered a new credit facility on November 5, 2025.
  • The facility includes covenants limiting financial activities and secures obligations with company assets.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Northern Oil And Gas Secures New Credit Facility

Meet Your ETF AI Analyst

The latest announcement is out from Northern Oil And Gas ( (NOG) ).

On November 5, 2025, Northern Oil and Gas, Inc. entered into a new Revolving Credit Facility with Wells Fargo Bank, replacing its previous facility from June 7, 2022. This agreement, maturing in 2030, sets an initial commitment of $1.6 billion and a Borrowing Base of $1.8 billion, with semiannual redeterminations. The facility includes covenants and conditions that limit the company’s financial and operational activities, ensuring compliance with financial ratios and securing obligations with a first priority security interest in the company’s assets.

The most recent analyst rating on (NOG) stock is a Buy with a $24.00 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.

NOG’s overall stock score is driven by strong financial performance and attractive valuation, offset by technical indicators suggesting bearish momentum. The earnings call provided a positive outlook with increased production guidance and strong liquidity, despite challenges with cash flow and a recent net loss.

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

More about Northern Oil And Gas

Northern Oil and Gas, Inc. operates in the oil and gas industry, focusing on the exploration and production of oil and natural gas properties. The company is primarily involved in the acquisition, exploration, development, and production of oil and gas reserves.

Average Trading Volume: 1,981,070

Technical Sentiment Signal: Sell

Current Market Cap: $2.11B

For an in-depth examination of NOG stock, go to TipRanks’ Overview page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1