Northern Oil and Gas price target lowered to $30 from $33 at RBC Capital

RBC Capital lowered the firm’s price target on Northern Oil and Gas (NOG) to $30 from $33 and keeps a Sector Perform rating on the shares. The company’s ground-game acquisition activity was again robust in Q4, which biases the firm’s capital above the guidance midpoint, and while the management could barbell the 2026 outlook given macro uncertainty, the closing of the Utica acquisition should provide ample organic growth, the analyst tells investors in a research note.