Piper Sandler analyst Mark Lear lowered the firm’s price target on Northern Oil and Gas (NOG) to $30 from $34 and keeps a Neutral rating on the shares. Coming out of Q1 2025 earnings, the firm is adjusting its near-term commodity price forecast, maintaining its long-term mid-cycle oil and raising mid-cycle gas to $3.50 from $3.25. In E&P, Piper continues to look for a balance of operational flexibility, deep high-return inventory runways and low reinvestment rates through FY26.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NOG:
- Northern Oil and Gas price target lowered to $33 from $35 at Mizuho
- Northern Oil and Gas Reports Strong Q1 2025 Results
- Northern Oil And Gas Reports Record Q1 Performance
- Northern Oil and Gas backs FY25 production view 130K-135K Boe/d
- Northern Oil and Gas reports Q1 adjusted EPS $1.33, consensus $1.04