BofA raised the firm’s price target on Northern Oil and Gas (NOG) to $33 from $29 and keeps a Buy rating on the shares. The firm is updating its price targets on U.S. Oil and Gas stocks under its coverage following Q1 results, the analyst tells investors. BofA sees a bull case for oil starting with summer demand, but notes it is “tenuous at best” due to geopolitics. Additionally, the firm continues to see a cleaner set-up in dry natural gas but notes the upside in this sub-sector has compressed.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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 raised to $36 from $35 at Raymond James
- Northern Oil and Gas price target lowered to $30 from $34 at Piper Sandler
- 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