Northern Oil and Gas (NOG) Fell This Week. Here is Why.

The share price of Northern Oil and Gas, Inc. (NYSE:NOG) fell by 11.39% between July 11 and July 18, 2025, putting it among the Energy Stocks that Lost the Most This Week.

An aerial view of an oil and gas platform in the middle of the ocean, representing the massive resources harvested by the company.

Northern Oil and Gas, Inc. (NYSE:NOG) is the largest publicly traded, non-operated, upstream energy asset owner in the United States that engages in the acquisition, exploration, development, and production of oil and natural gas properties.

Northern Oil and Gas, Inc. (NYSE:NOG) fell this week after Mizuho lowered the stock’s price target from $33 to $32, while maintaining a ‘Neutral’ rating on its shares. The analyst expects the NOG to lower its capex budget and volume guidance for 2025 on reduced activity.

However, it must be mentioned that at the same time, Piper Sandler raised its price target for Northern Oil and Gas, Inc. (NYSE:NOG) from $30 to $31. This was primarily due to the analyst’s long-term bullish outlook for the natural gas sector, especially following the announcement of a $90 billion investment in power and data center buildout during the recent PA Power and Innovation Summit.

READ NEXT: 12 Best Oil and Gas Dividend Stocks to Buy Now and The 5 Energy Stocks Billionaires are Quietly Piling Into.

Disclosure: None.