William Blair Sticks With Outperform on Northern Oil and Gas; Analysts Trim Forecasts Amid Strategic Shifts
William Blair reaffirmed an Outperform rating on Northern Oil and Gas (NYSE: NOG), projecting stable fourth-quarter 2025 results and a 2026 production ramp tied to higher early-year capital spending. The company’s recent Ohio Utica Shale acquisition, larger hedging positions and a 7% dividend yield factor into analyst views even as several firms cu…