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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 $46.67 (represents a 31.21% upside from NOG’s last price of $35.57) 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 $46.67 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $54.00 to $39.00. This represents a potential 31.21% upside from NOG's last price of $35.57.

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 19, 2024William JanelaMizuho Securities$47.00$36.1729.94%32.13%
Sep 16, 2024Devin McDermottMorgan Stanley$39.00$34.4413.24%9.64%
Jul 22, 2024Neal DingmannTruist Financial$54.00$40.3833.73%51.81%
Jul 01, 2024Neal DingmannTruist Financial$57.00$37.1753.35%60.25%
May 14, 2024Mark LearPiper Sandler$43.00$39.628.53%20.89%
Apr 23, 2024Derrick WhitfieldStifel Nicolaus$55.00$42.6628.93%54.62%
Mar 28, 2024Devin McDermottMorgan Stanley$38.00$39.32-3.37%6.83%
Aug 08, 2023Scott HanoldRBC Capital$42.00$41.231.87%18.08%
Apr 10, 2023Scott HanoldRBC Capital$46.00$33.4037.72%29.32%
Jul 26, 2022Raymond James$50.00$27.0085.19%40.57%
Jul 11, 2022Wells Fargo$35.00$24.1045.23%-1.60%
Jun 20, 2022John FreemanRaymond James$55.00$27.5299.85%54.62%
Jun 13, 2022Truist Financial$58.00$35.4963.43%63.06%
Apr 26, 2022Citigroup$36.00$25.1343.26%1.21%
Apr 25, 2022Raymond James$48.00$25.4588.61%34.95%
Mar 14, 2022Joseph McKayWells Fargo$34.00$23.8442.62%-4.41%

The latest Northern Oil and Gas stock forecast, released on Sep 19, 2024 by William Janela from Mizuho Securities, set a price target of $47.00, which represents a 29.94% increase from the stock price at the time of the forecast ($36.17), and a 32.13% increase from NOG last price ($35.57).

Northern Oil and Gas Price Target by Period

1M3M12M
# Anlaysts-17
Avg Price Target-$47.00$47.57
Last Closing Price$35.57$35.57$35.57
Upside/Downside-100.00%32.13%33.74%

In the current month, the average price target of Northern Oil and Gas stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Northern Oil and Gas's last price of $35.57. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Sep 16, 2024Truist FinancialBuyBuyHold
Sep 16, 2024RBC CapitalUnderperformUnderperformHold
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
Apr 15, 2024Sandler O'NeillUnderperformUnderperformHold
Mar 28, 2024Sandler O'NeillBuyBuyHold
Mar 28, 2024Sandler O'NeilUnderperformUnderperformHold
Mar 28, 2024Morgan StanleyPositivePositiveHold
Mar 06, 2024Sandler O'NeilUnderperformUnderperformHold
Mar 06, 2024Sandler O'NeillBuyBuyHold
Feb 16, 2024Truist FinancialBuyBuyHold
Feb 16, 2024Stifel NicolausUnderperformUnderperformHold
Jan 23, 2024RBC CapitalUnderperformUnderperformHold
Jan 23, 2024Stifel NicolausBuyBuyHold
Jan 05, 2024Raymond JamesUnderperformUnderperformHold
Jan 05, 2024RBC CapitalBuyBuyHold
Nov 07, 2023Raymond JamesStrong BuyStrong BuyHold
Oct 10, 2023RBC CapitalOutperformOutperformHold
Aug 08, 2023Wells FargoEqual-WeightEqual-WeightHold
Jan 09, 2023Raymond JamesStrong BuyStrong BuyHold
Aug 18, 2022Raymond JamesStrong BuyStrong BuyHold
Jul 26, 2022Raymond JamesStrong BuyStrong BuyHold
Jul 11, 2022Wells FargoEqual-WeightEqual-WeightHold
Jun 09, 2022Raymond JamesStrong BuyStrong BuyHold
May 11, 2022Wells FargoEqual-WeightEqual-WeightHold
Mar 14, 2022Wells FargoEqual-WeightDowngrade

Northern Oil and Gas's last stock rating was published by Truist Financial on Sep 16, 2024. The company gave NOG a "Buy" rating, the same as its previous rate.

Northern Oil and Gas Financial Forecast

Northern Oil and Gas Revenue Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Revenue-----------------$313.97M$476.55M$428.56M$445.65M$534.05M$549.64M$456.46M$332.37M$259.67M$225.72M$157.33M$99.52M$73.68M
Avg Forecast$653.00M$649.00M$644.00M$640.00M$617.24M$611.53M$583.44M$591.22M$630.09M$610.77M$594.37M$596.35M$587.91M$540.23M$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
High Forecast$710.08M$705.73M$700.29M$695.95M$671.20M$664.98M$634.44M$642.90M$685.17M$664.16M$646.32M$653.10M$602.75M$554.29M$542.28M$505.93M$584.09M$537.12M$450.21M$428.55M$425.22M$379.75M$360.03M$301.59M$257.33M$207.22M$178.75M$134.09M$133.74M$114.53M
Low Forecast$609.82M$606.08M$601.41M$597.68M$576.42M$571.09M$544.86M$552.12M$588.42M$570.38M$555.06M$555.30M$565.57M$526.18M$542.28M$505.76M$541.90M$481.77M$386.64M$368.04M$365.18M$379.75M$360.03M$301.59M$257.33M$207.22M$178.75M$134.09M$133.74M$114.53M
# Analysts444444443335545487632222345667
Surprise %-----------------0.61%1.15%1.09%1.14%1.41%1.53%1.51%1.29%1.25%1.26%1.17%0.74%0.64%

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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts444444443335545487632222345667
EBITDA-----------------$102.17M$281.29M$211.55M$242.80M$347.05M$378.12M$353.49M$246.27M$191.01M$156.90M$102.79M$57.89M$36.45M
Avg Forecast$127.63M$126.85M$125.87M$125.09M$120.64M$119.53M$114.04M$115.56M$123.15M$119.38M$116.17M$116.56M$114.91M$105.59M$105.99M$-123.12M$108.54M$100.31M$80.92M$-111.93M$378.12M$169.06M$160.28M$-101.75M$114.56M$92.25M$79.58M$-65.46M$59.54M$50.99M
High Forecast$138.79M$137.94M$136.88M$136.03M$131.19M$129.98M$124.01M$125.66M$133.92M$129.82M$126.33M$127.65M$117.81M$108.34M$105.99M$-98.50M$114.16M$104.98M$88.00M$-89.54M$453.75M$169.06M$160.28M$-81.40M$114.56M$92.25M$79.58M$-52.37M$59.54M$50.99M
Low Forecast$119.19M$118.46M$117.55M$116.82M$112.67M$111.62M$106.50M$107.92M$115.01M$111.48M$108.49M$108.54M$110.54M$102.85M$105.99M$-147.74M$105.92M$94.16M$75.57M$-134.31M$302.50M$169.06M$160.28M$-122.10M$114.56M$92.25M$79.58M$-78.55M$59.54M$50.99M
Surprise %-----------------1.02%3.48%-1.89%0.64%2.05%2.36%-3.47%2.15%2.07%1.97%-1.57%0.97%0.71%

8 analysts predict NOG's average Quarter EBITDA for Dec 23 to be $108.54M, with a high of $114.16M and a low of $105.92M. This is 6.23% upper than Northern Oil and Gas's previous annual EBITDA (Sep 23) of $102.17M.

Northern Oil and Gas Net Income Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts444444443335545487632222345667
Net Income-----------------$26.11M$167.81M$340.19M$145.07M$583.47M$251.26M$-206.56M$174.73M$-115.44M$-292.10M$-238.77M$-296.01M$-233.00M
Avg Forecast$168.21M$166.20M$165.19M$163.17M$156.49M$144.63M$137.91M$143.10M$151.67M$138.04M$132.84M$138.17M$131.04M$120.43M$125.05M$-188.93M$166.23M$173.70M$136.83M$-171.75M$199.19M$177.95M$166.00M$-156.14M$106.99M$91.10M$71.80M$-76.97M$67.67M$36.08M
High Forecast$187.33M$185.08M$183.96M$181.72M$174.27M$161.07M$153.58M$159.36M$168.91M$153.73M$147.94M$152.18M$138.09M$134.11M$130.16M$-151.14M$181.44M$182.73M$152.38M$-137.40M$239.03M$177.95M$166.00M$-124.91M$106.99M$91.10M$71.80M$-61.58M$67.67M$36.08M
Low Forecast$153.75M$151.91M$150.99M$149.15M$143.04M$132.20M$126.05M$130.80M$138.63M$126.17M$121.42M$124.15M$113.90M$110.07M$119.93M$-226.72M$147.99M$153.62M$125.06M$-206.10M$159.35M$177.95M$166.00M$-187.37M$106.99M$91.10M$71.80M$-92.36M$67.67M$36.08M
Surprise %-----------------0.15%1.23%-1.98%0.73%3.28%1.51%1.32%1.63%-1.27%-4.07%3.10%-4.37%-6.46%

Northern Oil and Gas's average Quarter net income forecast for Dec 23 is $166.23M, with a range of $147.99M to $181.44M. NOG's average Quarter net income forecast represents a 536.64% increase compared to the company's last Quarter net income of $26.11M (Sep 23).

Northern Oil and Gas SG&A Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts444444443335545487632222345667
SG&A-----------------$11.85M$12.40M$13.00M$15.04M$10.28M$8.06M$13.81M$10.46M$5.49M$7.60M$6.78M$4.36M$4.61M
Avg Forecast$22.27M$22.13M$21.96M$21.82M$21.05M$20.85M$19.89M$20.16M$21.49M$20.83M$20.27M$20.33M$20.05M$18.42M$18.49M$12.63M$18.94M$17.50M$14.12M$11.49M$11.93M$12.95M$12.28M$10.44M$8.77M$7.07M$6.10M$5.78M$4.56M$3.91M
High Forecast$24.21M$24.06M$23.88M$23.73M$22.89M$22.68M$21.63M$21.92M$23.36M$22.65M$22.04M$22.27M$20.55M$18.90M$18.49M$15.16M$19.92M$18.32M$15.35M$13.78M$14.31M$12.95M$12.28M$12.53M$8.77M$7.07M$6.10M$6.93M$4.56M$3.91M
Low Forecast$20.79M$20.67M$20.51M$20.38M$19.66M$19.47M$18.58M$18.83M$20.06M$19.45M$18.93M$18.94M$19.29M$17.94M$18.49M$10.11M$18.48M$16.43M$13.18M$9.19M$9.54M$12.95M$12.28M$8.35M$8.77M$7.07M$6.10M$4.62M$4.56M$3.91M
Surprise %-----------------0.68%0.88%1.13%1.26%0.79%0.66%1.32%1.19%0.78%1.25%1.17%0.96%1.18%

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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts444444443335545487632222345667
EPS-----------------$0.28-$4.01$1.64$7.39$3.08$-2.69$2.47$-1.75$-4.81$-4.38$-6.50$-10.50
Avg Forecast$1.67$1.65$1.64$1.62$1.55$1.44$1.37$1.42$1.51$1.37$1.32$1.37$1.30$1.20$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
High Forecast$1.86$1.84$1.83$1.80$1.73$1.60$1.52$1.58$1.68$1.53$1.47$1.51$1.37$1.33$1.29$1.18$1.80$1.81$1.51$1.89$1.80$1.74$1.63$1.24$1.05$0.89$0.70$0.53$0.66$0.35
Low Forecast$1.53$1.51$1.50$1.48$1.42$1.31$1.25$1.30$1.38$1.25$1.21$1.23$1.13$1.09$1.19$1.18$1.47$1.53$1.24$1.55$1.48$1.74$1.63$1.24$1.05$0.89$0.70$0.53$0.66$0.35
Surprise %-----------------0.16%0.00%2.36%1.01%4.24%1.89%-2.16%2.35%-1.96%-6.83%-8.20%-9.80%-29.68%

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
CIVICivitas Resources$44.99$82.1782.64%Buy
CHRDChord Energy$115.09$189.2564.44%Buy
VTLEVital Energy$29.45$48.0062.99%Hold
MURMurphy Oil$29.28$47.6062.57%Buy
PRPermian Resources$13.97$20.0043.16%Buy
MTDRMatador Resources Company$55.69$74.6734.08%Buy
NOGNorthern Oil and Gas$38.51$46.6721.19%Hold
MGYMagnolia Oil & Gas$24.24$29.0019.64%Buy
ARAntero Resources$31.59$35.2511.59%Buy
CRKComstock Resources$16.09$8.67-46.12%Hold

NOG Forecast FAQ

Is Northern Oil and Gas a good buy?

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.

What is NOG's price target?

Northern Oil and Gas (NOG) average price target is $46.67 with a range of $39 to $54, implying a 31.21% from its last price of $35.57. The data is based on 4 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Northern Oil and Gas stock go up soon?

According to Wall Street analysts' prediction for NOG stock, the company can go up by 31.21% (from the last price of $35.57 to the average price target of $46.67), up by 51.81% based on the highest stock price target, and up by 9.64% based on the lowest stock price target.

Can Northern Oil and Gas stock reach $50?

NOG's highest twelve months analyst stock price target of $54 supports the claim that Northern Oil and Gas can reach $50 in the near future.

What are Northern Oil and Gas's analysts' financial forecasts?

Northern Oil and Gas's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $2.4B (high $2.61B, low $2.24B), average EBITDA is $469.77M (high $510.83M, low $438.7M), average net income is $582.13M (high $648.28M, low $532.08M), average SG&A $81.95M (high $89.12M, low $76.53M), and average EPS is $5.78 (high $6.44, low $5.28). NOG's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $2.59B (high $2.81B, low $2.41B), average EBITDA is $505.45M (high $549.63M, low $472.02M), average net income is $662.77M (high $738.09M, low $605.79M), average SG&A $88.18M (high $95.89M, low $82.35M), and average EPS is $6.58 (high $7.33, low $6.01).

Did the NOG's actual financial results beat the analysts' financial forecasts?

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 $605.72M by 109.38%. The company's net income was $773.24M, beating the average estimation of $387M by 99.80%. Apple's SG&A was $47.2M, missing the average forecast of $47.59M by -0.83%. 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, beating the average prediction of $100.31M by 1.85%. Northern Oil and Gas's net income was $26.11M, missing the average estimation of $173.7M by -84.97%. 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%