Northern Oil and Gas (NOG) Stock Forecast, Price Target & Predictions


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NOG Stock Forecast


Northern Oil and Gas stock forecast is as follows: an average price target of $44.25 (represents a 22.68% upside from NOG’s last price of $36.07) and a rating consensus of 'Hold', based on 4 wall street analysts offering a 1-year stock forecast.

NOG Price Target


The average price target for Northern Oil and Gas (NOG) is $44.25 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $55.00 to $35.00. This represents a potential 22.68% upside from NOG's last price of $36.07.

NOG Analyst Ratings


Hold

According to 4 Wall Street analysts, Northern Oil and Gas's rating consensus is 'Hold'. The analyst rating breakdown for NOG stock is 0 'Strong Buy' (0.00%), 1 'Buy' (25.00%), 3 'Hold' (75.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Northern Oil and Gas Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 16, 2024Devin McDermottMorgan Stanley$39.00$34.4413.24%8.12%
Jul 22, 2024Neal DingmannTruist Financial$54.00$40.3833.73%49.71%
Jul 01, 2024Neal DingmannTruist Financial$57.00$37.1753.35%58.03%
May 14, 2024Mark LearPiper Sandler$43.00$39.628.53%19.21%
Apr 23, 2024Derrick WhitfieldStifel Nicolaus$55.00$42.6628.93%52.48%
Mar 28, 2024Devin McDermottMorgan Stanley$38.00$39.32-3.37%5.35%
Aug 08, 2023Scott HanoldRBC Capital$42.00$41.231.87%16.44%
Apr 10, 2023Scott HanoldRBC Capital$46.00$33.4037.72%27.53%
Jul 26, 2022-Raymond James$50.00$27.0085.19%38.62%
Jul 11, 2022-Wells Fargo$35.00$24.1045.23%-2.97%
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The latest Northern Oil and Gas stock forecast, released on Sep 16, 2024 by Devin McDermott from Morgan Stanley, set a price target of $39.00, which represents a 13.24% increase from the stock price at the time of the forecast ($34.44), and a 8.12% increase from NOG last price ($36.07).

Northern Oil and Gas Price Target by Period


1M3M12M
# Anlaysts136
Avg Price Target$39.00$50.00$47.67
Last Closing Price$36.07$36.07$36.07
Upside/Downside8.12%38.62%32.16%

In the current month, the average price target of Northern Oil and Gas stock is $39.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 8.12% increase as opposed to Northern Oil and Gas's last price of $36.07. This month's average price target is down -22.00% compared to last quarter, and down -18.19% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 16, 2024RBC CapitalUnderperformUnderperformHold
Sep 16, 2024Truist FinancialBuyBuyHold
Sep 16, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Aug 15, 2024Truist FinancialBuyBuyHold
Aug 15, 2024RBC CapitalUnderperformUnderperformHold
Jul 22, 2024RBC CapitalUnderperformUnderperformHold
Jul 03, 2024Truist FinancialBuyBuyHold
May 14, 2024Piper SandlerNeutralNeutralHold
Apr 19, 2024Piper SandlerNeutralNeutralHold
Apr 15, 2024Truist FinancialBuyBuyHold
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Northern Oil and Gas's last stock rating was published by RBC Capital on Sep 16, 2024. The company gave NOG a "Underperform" rating, the same as its previous rate.

Northern Oil and Gas Financial Forecast


Northern Oil and Gas Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue-------------$313.97M$476.55M$428.56M$445.65M$534.05M-$456.46M$332.37M$259.67M$225.72M$157.33M$99.52M$73.68M$20.67M$130.20M$160.71M$157.99M
Avg Forecast$653.00M$650.00M$646.00M$641.00M$652.86M$642.20M$632.37M$628.53M$628.72M$571.95M$542.28M$505.84M$555.31M$513.21M$414.01M$394.10M$391.04M$379.75M$360.03M$301.59M$257.33M$207.22M$178.75M$134.09M$133.74M$114.53M$109.23M$146.28M$172.18M$170.87M
High Forecast$680.86M$677.73M$673.56M$668.35M$680.72M$669.60M$659.35M$655.35M$655.55M$589.01M$565.42M$527.43M$584.09M$537.12M$431.68M$410.91M$407.72M$395.95M$360.03M$311.22M$265.55M$213.83M$184.46M$138.37M$138.01M$118.19M$112.71M$150.95M$177.67M$176.32M
Low Forecast$626.58M$623.70M$619.86M$615.06M$626.45M$616.22M$606.78M$603.10M$603.29M$560.99M$520.34M$485.38M$541.90M$481.77M$397.26M$378.15M$375.21M$364.38M$360.03M$289.28M$246.83M$198.76M$171.46M$128.62M$128.29M$109.86M$104.77M$140.31M$165.15M$163.90M
# Analysts334545223734876322245563746463
Surprise %-------------0.61%1.15%1.09%1.14%1.41%-1.51%1.29%1.25%1.26%1.17%0.74%0.64%0.19%0.89%0.93%0.92%

Northern Oil and Gas's average Quarter revenue forecast for Dec 23 based on 8 analysts is $555.31M, with a low forecast of $541.90M, and a high forecast of $584.09M. NOG's average Quarter revenue forecast represents a 76.87% increase compared to the company's last Quarter revenue of $313.97M (Sep 23).

Northern Oil and Gas EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts334545223734876322245563746463
EBITDA-------------$102.17M$281.29M$211.55M$242.80M$347.05M-$353.49M$246.27M$191.01M$156.90M$102.79M$57.89M$36.45M$-12.60M$76.10M$101.08M$106.13M
Avg Forecast$290.72M$289.38M$287.60M$285.37M$290.65M$285.91M$281.53M$279.82M$279.91M$254.63M$241.42M$-123.12M$247.22M$228.48M$184.32M$-111.93M$174.09M$84.21M$160.28M$-101.75M$114.56M$66.57M$-29.75M$-65.46M$59.54M$50.99M$-1.20B$65.12M$76.65M$137.82M
High Forecast$303.12M$301.73M$299.87M$297.55M$303.06M$298.11M$293.54M$291.76M$291.85M$262.23M$251.72M$-98.50M$260.04M$239.13M$192.18M$-89.54M$181.52M$101.05M$160.28M$-81.40M$118.22M$79.88M$-23.80M$-52.37M$61.44M$52.62M$-959.49M$67.20M$79.10M$165.38M
Low Forecast$278.95M$277.67M$275.96M$273.83M$278.89M$274.34M$270.14M$268.50M$268.58M$249.75M$231.66M$-147.74M$241.25M$214.48M$176.86M$-134.31M$167.05M$67.36M$160.28M$-122.10M$109.89M$53.25M$-35.71M$-78.55M$57.11M$48.91M$-1.44B$62.47M$73.53M$110.25M
Surprise %-------------0.45%1.53%-1.89%1.39%4.12%--3.47%2.15%2.87%-5.27%-1.57%0.97%0.71%0.01%1.17%1.32%0.77%

8 analysts predict NOG's average Quarter EBITDA for Dec 23 to be $247.22M, with a high of $260.04M and a low of $241.25M. This is 141.97% upper than Northern Oil and Gas's previous annual EBITDA (Sep 23) of $102.17M.

Northern Oil and Gas Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts334545223734876322245563746463
Net Income-------------$26.11M$167.81M$340.19M$145.07M$583.47M-$-206.56M$174.73M$-115.44M$-292.10M$-238.77M$-296.01M$-233.00M$-899.20M$368.29M$-231.71M$94.38M
Avg Forecast$191.84M$182.90M$174.69M$176.14M$169.42M$157.18M$159.16M$160.26M$157.67M$138.79M$126.61M$-188.93M$168.31M$175.87M$138.54M$-171.75M$165.13M$16.77M$165.43M$-156.14M$181.08M$13.26M$-60.38M$-76.97M$66.23M$35.31M$-1.22B$303.29M$69.87M$112.24M
High Forecast$202.48M$193.05M$184.37M$185.91M$178.82M$165.90M$167.99M$169.15M$166.42M$162.46M$133.64M$-151.14M$183.71M$185.02M$146.22M$-137.40M$174.29M$20.13M$165.43M$-124.91M$217.30M$15.91M$-48.30M$-61.58M$68.98M$36.77M$-974.62M$363.95M$72.77M$134.68M
Low Forecast$181.75M$173.28M$165.50M$166.87M$160.51M$148.92M$150.79M$151.83M$149.38M$122.65M$119.95M$-226.72M$149.84M$155.54M$131.25M$-206.10M$156.44M$13.42M$165.43M$-187.37M$144.86M$10.61M$-72.45M$-92.36M$62.72M$33.44M$-1.46B$242.64M$66.16M$89.79M
Surprise %-------------0.15%1.21%-1.98%0.88%34.79%-1.32%0.96%-8.71%4.84%3.10%-4.47%-6.60%0.74%1.21%-3.32%0.84%

Northern Oil and Gas's average Quarter net income forecast for Dec 23 is $168.31M, with a range of $149.84M to $183.71M. NOG's average Quarter net income forecast represents a 544.60% increase compared to the company's last Quarter net income of $26.11M (Sep 23).

Northern Oil and Gas SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts334545223734876322245563746463
SG&A-------------$11.85M$12.40M$13.00M$15.04M$10.28M-$13.81M$10.46M$5.49M$7.60M$6.78M$4.36M$4.61M$4.71M$4.87M$8.12M$4.21M
Avg Forecast$22.27M$22.16M$22.03M$21.86M$22.26M$21.90M$21.56M$21.43M$21.44M$19.50M$18.49M$12.63M$18.94M$17.50M$14.12M$11.49M$13.33M$7.34M$12.28M$10.44M$10.84M$5.80M$5.07M$5.78M$4.56M$3.91M$6.38M$4.01M$5.87M$5.00M
High Forecast$23.22M$23.11M$22.97M$22.79M$23.21M$22.83M$22.48M$22.35M$22.35M$20.08M$19.28M$15.16M$19.92M$18.32M$14.72M$13.78M$13.90M$8.80M$12.28M$12.53M$13.01M$6.96M$6.08M$6.93M$4.71M$4.03M$7.66M$4.81M$6.06M$6.00M
Low Forecast$21.37M$21.27M$21.14M$20.97M$21.36M$21.01M$20.69M$20.57M$20.57M$19.13M$17.74M$10.11M$18.48M$16.43M$13.55M$9.19M$12.79M$5.87M$12.28M$8.35M$8.67M$4.64M$4.06M$4.62M$4.37M$3.75M$5.11M$3.21M$5.63M$4.00M
Surprise %-------------0.68%0.88%1.13%1.13%1.40%-1.32%0.96%0.95%1.50%1.17%0.96%1.18%0.74%1.21%1.38%0.84%

Northern Oil and Gas's average Quarter SG&A projection for Dec 23 is $18.94M, based on 8 Wall Street analysts, with a range of $18.48M to $19.92M. The forecast indicates a 59.85% rise compared to NOG last annual SG&A of $11.85M (Sep 23).

Northern Oil and Gas EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts334545223734876322245563746463
EPS-------------$0.28-$4.01$1.64$7.39-$-2.69$2.47$-1.75$-4.81$-4.38$-6.50$-10.50$-41.77$9.00$-5.76$4.03
Avg Forecast$1.88$1.79$1.71$1.73$1.66$1.54$1.56$1.57$1.55$1.36$1.24$1.18$1.65$1.72$1.36$1.70$1.62$1.74$1.63$1.24$1.05$0.89$0.70$0.53$0.66$0.35$0.30$0.34$0.70$1.11
High Forecast$1.99$1.89$1.81$1.82$1.75$1.63$1.65$1.66$1.63$1.59$1.31$1.24$1.80$1.81$1.43$1.79$1.71$1.84$1.63$1.29$1.09$0.93$0.73$0.56$0.69$0.37$0.31$0.35$0.73$1.16
Low Forecast$1.78$1.70$1.62$1.64$1.57$1.46$1.48$1.49$1.46$1.20$1.18$1.12$1.47$1.53$1.29$1.61$1.53$1.65$1.63$1.18$0.99$0.85$0.67$0.51$0.63$0.33$0.29$0.32$0.66$1.05
Surprise %-------------0.16%0.00%2.36%1.01%4.24%--2.16%2.35%-1.96%-6.83%-8.20%-9.80%-29.68%-138.49%26.78%-8.23%3.63%

According to 8 Wall Street analysts, Northern Oil and Gas's projected average Quarter EPS for Dec 23 is $1.65, with a low estimate of $1.47 and a high estimate of $1.80. This represents a 489.41% increase compared to NOG previous annual EPS of $0.28 (Sep 23).

Northern Oil and Gas Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
VTLEVital Energy$29.42$60.83106.76%Hold
CIVICivitas Resources$54.49$90.8866.78%Buy
MTDRMatador Resources Company$51.96$78.0050.12%Buy
CHRDChord Energy$136.93$204.3849.26%Buy
ARAntero Resources$26.45$38.8646.92%Buy
MURMurphy Oil$35.36$47.9035.46%Buy
PRPermian Resources$13.88$18.2531.48%Buy
NOGNorthern Oil and Gas$36.07$44.2522.68%Hold
MGYMagnolia Oil & Gas$24.83$25.502.70%Buy
CRKComstock Resources$9.92$8.33-16.03%Hold

NOG Forecast FAQ


No, according to 4 Wall Street analysts, Northern Oil and Gas (NOG) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 25.00% of NOG's total ratings.

Northern Oil and Gas (NOG) average price target is $44.25 with a range of $35 to $55, implying a 22.68% from its last price of $36.07. The data is based on 4 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for NOG stock, the company can go up by 22.68% (from the last price of $36.07 to the average price target of $44.25), up by 52.48% based on the highest stock price target, and down by -2.97% based on the lowest stock price target.

NOG's highest twelve months analyst stock price target of $55 supports the claim that Northern Oil and Gas can reach $50 in the near future.

1 Wall Street analyst forecast a $39 price target for Northern Oil and Gas (NOG) this month, up 8.12% from its last price of $36.07. Compared to the last 3 and 12 months, the average price target increased by 38.62% and increased by 32.16%, respectively.

Northern Oil and Gas's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $2.56B (high $2.67B, low $2.45B), average EBITDA is $1.14B (high $1.19B, low $1.09B), average net income is $646.03M (high $681.86M, low $612.05M), average SG&A $87.16M (high $90.87M, low $83.63M), and average EPS is $6.33 (high $6.69, low $6). NOG's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $2.59B (high $2.7B, low $2.49B), average EBITDA is $1.15B (high $1.2B, low $1.11B), average net income is $725.57M (high $765.81M, low $687.4M), average SG&A $88.32M (high $92.08M, low $84.74M), and average EPS is $7.11 (high $7.51, low $6.74).

Based on Northern Oil and Gas's last annual report (Dec 2022), the company's revenue was $1.99B, beating the average analysts forecast of $1.43B by 38.63%. Apple's EBITDA was $1.27B, beating the average prediction of $316.83M by 300.30%. The company's net income was $773.24M, beating the average estimation of $191.19M by 304.43%. Apple's SG&A was $47.2M, beating the average forecast of $43.39M by 8.79%. Lastly, the company's EPS was $9.26, beating the average prediction of $6.23 by 48.52%. In terms of the last quarterly report (Sep 2023), Northern Oil and Gas's revenue was $313.97M, missing the average analysts' forecast of $513.21M by -38.82%. The company's EBITDA was $102.17M, missing the average prediction of $228.48M by -55.28%. Northern Oil and Gas's net income was $26.11M, missing the average estimation of $175.87M by -85.15%. The company's SG&A was $11.85M, missing the average forecast of $17.5M by -32.31%. Lastly, the company's EPS was $0.28, missing the average prediction of $1.72 by -83.76%