Northern Oil and Gas (NOG) Stock Forecast, Price Target & Predictions
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
NOG Analyst Ratings
Northern Oil and Gas Price Target by Analyst
Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
---|---|---|---|---|---|---|
Sep 16, 2024 | Devin McDermott | Morgan Stanley | $39.00 | $34.44 | 13.24% | 8.12% |
Jul 22, 2024 | Neal Dingmann | Truist Financial | $54.00 | $40.38 | 33.73% | 49.71% |
Jul 01, 2024 | Neal Dingmann | Truist Financial | $57.00 | $37.17 | 53.35% | 58.03% |
May 14, 2024 | Mark Lear | Piper Sandler | $43.00 | $39.62 | 8.53% | 19.21% |
Apr 23, 2024 | Derrick Whitfield | Stifel Nicolaus | $55.00 | $42.66 | 28.93% | 52.48% |
Mar 28, 2024 | Devin McDermott | Morgan Stanley | $38.00 | $39.32 | -3.37% | 5.35% |
Aug 08, 2023 | Scott Hanold | RBC Capital | $42.00 | $41.23 | 1.87% | 16.44% |
Apr 10, 2023 | Scott Hanold | RBC Capital | $46.00 | $33.40 | 37.72% | 27.53% |
Jul 26, 2022 | - | Raymond James | $50.00 | $27.00 | 85.19% | 38.62% |
Jul 11, 2022 | - | Wells Fargo | $35.00 | $24.10 | 45.23% | -2.97% |
Northern Oil and Gas Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | 1 | 3 | 6 |
Avg Price Target | $39.00 | $50.00 | $47.67 |
Last Closing Price | $36.07 | $36.07 | $36.07 |
Upside/Downside | 8.12% | 38.62% | 32.16% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
Sep 16, 2024 | RBC Capital | Underperform | Underperform | Hold |
Sep 16, 2024 | Truist Financial | Buy | Buy | Hold |
Sep 16, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
Aug 15, 2024 | Truist Financial | Buy | Buy | Hold |
Aug 15, 2024 | RBC Capital | Underperform | Underperform | Hold |
Jul 22, 2024 | RBC Capital | Underperform | Underperform | Hold |
Jul 03, 2024 | Truist Financial | Buy | Buy | Hold |
May 14, 2024 | Piper Sandler | Neutral | Neutral | Hold |
Apr 19, 2024 | Piper Sandler | Neutral | Neutral | Hold |
Apr 15, 2024 | Truist Financial | Buy | Buy | Hold |
Northern Oil and Gas Financial Forecast
Northern Oil and Gas Revenue Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 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 |
# Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 4 | 8 | 7 | 6 | 3 | 2 | 2 | 2 | 4 | 5 | 5 | 6 | 3 | 7 | 4 | 6 | 4 | 6 | 3 |
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 EBITDA Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 4 | 8 | 7 | 6 | 3 | 2 | 2 | 2 | 4 | 5 | 5 | 6 | 3 | 7 | 4 | 6 | 4 | 6 | 3 |
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% |
Northern Oil and Gas Net Income Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 4 | 8 | 7 | 6 | 3 | 2 | 2 | 2 | 4 | 5 | 5 | 6 | 3 | 7 | 4 | 6 | 4 | 6 | 3 |
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 SG&A Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 4 | 8 | 7 | 6 | 3 | 2 | 2 | 2 | 4 | 5 | 5 | 6 | 3 | 7 | 4 | 6 | 4 | 6 | 3 |
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 EPS Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 4 | 8 | 7 | 6 | 3 | 2 | 2 | 2 | 4 | 5 | 5 | 6 | 3 | 7 | 4 | 6 | 4 | 6 | 3 |
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% |
Northern Oil and Gas Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
VTLE | Vital Energy | $29.42 | $60.83 | 106.76% | Hold |
CIVI | Civitas Resources | $54.49 | $90.88 | 66.78% | Buy |
MTDR | Matador Resources Company | $51.96 | $78.00 | 50.12% | Buy |
CHRD | Chord Energy | $136.93 | $204.38 | 49.26% | Buy |
AR | Antero Resources | $26.45 | $38.86 | 46.92% | Buy |
MUR | Murphy Oil | $35.36 | $47.90 | 35.46% | Buy |
PR | Permian Resources | $13.88 | $18.25 | 31.48% | Buy |
NOG | Northern Oil and Gas | $36.07 | $44.25 | 22.68% | Hold |
MGY | Magnolia Oil & Gas | $24.83 | $25.50 | 2.70% | Buy |
CRK | Comstock Resources | $9.92 | $8.33 | -16.03% | 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 $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.
Will Northern Oil and Gas stock go up soon?
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.
Can Northern Oil and Gas stock reach $50?
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.
What is Northern Oil and Gas's current price target trend?
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.
What are Northern Oil and Gas's analysts' financial forecasts?
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).
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 $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%