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Stock impact report

Citi Boosts Northern Oil and Gas (NOG) Price Target, Sees Discipline in E&Ps [Yahoo! Finance]

Northern Oil and Gas, Inc. (NOG) 
NASDAQ:AMEX Investor Relations: northernoil.com
Company Research Source: Yahoo! Finance
On March 31, Citi analyst Paul Diamond raised the price recommendation on Northern Oil and Gas, Inc. (NYSE:NOG) to $39 from $34 and maintained a Buy rating. The firm updated its small-cap exploration and production models to reflect higher oil and gas price forecasts. Citi said oil-weighted companies are showing “robust capital discipline and a strong focus on shareholder returns.” During the company's Q4 2025 earnings call, management outlined two possible scenarios for 2026. The approach reflects limited visibility on commodity prices. In a low-activity case, oil volumes are expected to decline slightly, while spending would be reduced more sharply. In a higher-activity scenario, management assumes a pickup in activity, fewer curtailments, and a higher TIL count. CEO Nicholas O'Grady said the guidance reflects current market conditions. He added that capital deployment would focus on positioning the business for “coiled spring growth,” similar to what was seen in 2021. At the s Show less Read more
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