Northern Oil and Gas, Inc. (NOG)

Over the past six months, Northern Oil & Gas, Inc. has experienced several events impacting its stock price. As of April 10, 2026, the stock price was $26.94, with a 52-week trading range between $20.18 and $32.62. Zacks Research raised near-term and FY2026/FY2027 EPS forecasts but trimmed longer-term 2028 forecasts, contributing to a slight stock price decrease. NOG announced a proposed public offering of common stock, followed by the pricing of that offering. The company announced its fourth-quarter and full-year 2025 results, with increased production but lower oil and natural gas sales due to weaker oil pricing; NOG also closed a joint Utica acquisition and expanded its revolving credit facility. NOG provided a post-transaction hedge profile update and announced a joint acquisition of Utica upstream assets, enhancing its natural gas profile. Northern Oil & Gas raised its 2025 oil and total production forecasts.

Demand for Northern Oil & Gas, Inc.'s products, particularly natural gas and natural gas liquids (NGLs), can exhibit seasonality. Winter demand can positively impact natural gas and NGL prices, while other factors like infrastructure and overall market conditions also play a significant role.

Northern Oil & Gas, Inc. (NOG) is an independent energy company focused on the acquisition, exploration, development, and production of crude oil and natural gas properties. The company operates within the Energy sector, specifically in the Energy Exploration and Oil & Gas E&P industries, with a business model as a non-operated working interest owner. Its major products are crude oil and natural gas.

Northern Oil & Gas, Inc. has a diversified portfolio of approximately 300,000 acres across several key basins in the United States. Its primary operational areas include the Williston Basin, the Permian Basin, the Uinta Basin, and the Appalachian Basin. The company has expanded its holdings in these regions through strategic acquisitions, including an expansion into the Permian Basin in 2018 and natural gas assets in the Marcellus Shale in 2022.

In the past year, Northern Oil & Gas, Inc. has taken steps to enhance its brand reputation, particularly concerning environmental, social, and governance (ESG) factors. In April 2026, NOG published its 2025 ESG Report, which highlighted a third-party cybersecurity assessment against NIST 2.0 and climate hazard work.

Northern Oil & Gas, Inc. has a diverse ownership structure comprising institutional, retail, and individual investors. Institutional investors hold a significant majority of the company's stock, approximately 93.26% according to one source, or 57.84% according to another. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, American Century Companies Inc, Fmr Llc, State Street Corp, Invesco Ltd., Dimensional Fund Advisors Lp, Alliancebernstein L.p., Westwood Holdings Group Inc, and UBS Group AG. Other notable institutional shareholders include Rockefeller Capital Management L.P., SummitTX Capital L.P., and Graham Capital Management, L.p.