Northern Oil and Gas (NOG)

• Market cap: $2.96B
• 1 day: -1.19%
• 5 days: -3.95%
• 1 month: 5.10%
• 3 months: -20.90%
• 6 months: -17.94%
• Year to date: -20.90%
• 1 year: -24.67%
• 5 years: 397.83%
• 10 years: -62.71%
• Sector: Energy
• Industry: Crude Petroleum & Natural Gas

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

203% more first-time investments, than exits

New positions opened: 88 | Existing positions closed: 29

50% more funds holding in top 10

Funds holding in top 10: 2 [Q3] → 3 (+1) [Q4]

48% more repeat investments, than reductions

Existing positions increased: 154 | Existing positions reduced: 104

16% more funds holding

Funds holding: 339 [Q3] → 392 (+53) [Q4]

6% more capital invested

Capital invested by funds: $3.9B [Q3] → $4.14B (+$237M) [Q4]

1.52% more ownership

Funds ownership: 109.94% [Q3] → 111.46% (+1.52%) [Q4]

5% less call options, than puts

Call options by funds: $67.7M | Put options by funds: $71.4M

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $35 17% upside
• Avg. target: $42 42% upside
• High target: $55 84% upside

6 analyst ratings

• positive: 3 50%
• neutral: 3 50%
• negative: 0 0%

B of A Securities Noah Hungness 31% 1-year accuracy 5 / 16 met price target	37% upside $41	Buy Maintained	1 Apr 2025
Morgan Stanley Devin McDermott 38% 1-year accuracy 13 / 34 met price target	27% upside $38	Equal-Weight Maintained	27 Mar 2025
Citigroup Paul Diamond 53% 1-year accuracy 8 / 15 met price target	51% upside $45	Buy Maintained	25 Feb 2025
RBC Capital Scott Hanold 13% 1-year accuracy 5 / 38 met price target	34% upside $40	Sector Perform Maintained	13 Feb 2025
Piper Sandler Mark Lear 43% 1-year accuracy 73 / 169 met price target	17% upside $35	Neutral Maintained	29 Jan 2025