Piper Sandler analyst Mark Lear lowered the firm’s price target on Northern Oil and Gas (NOG) to $25 from $31 and keeps a Neutral rating on the shares. The firm revises estimates following Q2 results, highlighted by the company reducing FY25 capex guidance 12% to $988M at midpoint to drill and TIL 26% and 14% less wells in the FY25 program, respectively.
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