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

OverviewRevenueOwnershipFinancialsChartTranscripts

NOG Stock Forecast

Northern Oil and Gas (NOG) stock forecast, based on 11 Wall Street analysts, predicts a 12-month average price target of $38.50, with a high of $43.00 and a low of $34.00. This represents a 59.16% increase from the last price of $24.19.

$20 $25 $30 $35 $40 $45 High: $43 Avg: $38.5 Low: $34 Last Closed Price: $24.19

NOG Stock Rating

Northern Oil and Gas stock's rating consensus is Buy, based on 11 Wall Street analysts. The breakdown includes 1 Strong Buy (9.09%), 7 Buy (63.64%), 3 Hold (27.27%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 11 0 3 7 1 Strong Sell Sell Hold Buy Strong Buy

NOG Price Target Upside V Benchmarks

TypeNameUpside
StockNorthern Oil and Gas59.16%
SectorEnergy Stocks 38.68%
IndustryOil & Gas Exploration & Production Stocks43.83%

Price Target Trends

1M3M12M
# Anlaysts128
Avg Price Target$34.00$38.50$46.50
Last Closing Price$24.19$24.19$24.19
Upside/Downside40.55%59.16%92.23%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Apr, 25255--12
Mar, 25255--12
Feb, 25264--12
Jan, 25274--13
Dec, 24273--12
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Apr 14, 2025Scott HanoldRBC Capital$34.00$22.7049.78%40.55%
Jan 22, 2025Devin McDermottMorgan Stanley$43.00$40.167.07%77.76%
Sep 19, 2024William JanelaMizuho Securities$47.00$36.1729.94%94.30%
Sep 16, 2024Devin McDermottMorgan Stanley$39.00$34.4413.24%61.22%
Jul 22, 2024Neal DingmannTruist Financial$54.00$40.3833.73%123.23%
Jul 01, 2024Neal DingmannTruist Financial$57.00$37.1753.35%135.63%
May 14, 2024Mark LearPiper Sandler$43.00$39.628.53%77.76%
Apr 23, 2024Derrick WhitfieldStifel Nicolaus$55.00$42.6628.93%127.37%
Mar 28, 2024Devin McDermottMorgan Stanley$38.00$39.32-3.36%57.09%
Aug 08, 2023Scott HanoldRBC Capital$42.00$41.231.87%73.63%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Apr 14, 2025RBC CapitalSector PerformSector Performhold
Jan 22, 2025Morgan StanleyPositivePositivehold
Sep 16, 2024Truist FinancialBuyBuyhold
Sep 16, 2024Morgan StanleyEqual-WeightEqual-Weighthold
Aug 15, 2024Truist FinancialBuyBuyhold
Jul 22, 2024RBC CapitalUnderperformUnderperformhold
Jul 03, 2024Truist FinancialBuyBuyhold
May 14, 2024Piper SandlerNeutralNeutralhold
Apr 19, 2024Piper SandlerNeutralNeutralhold
Apr 15, 2024Truist FinancialBuyBuyhold

Financial Forecast

EPS Forecast

$-25 $-17 $-9 $-1 $7 $15 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-21.20$-0.13$9.26$10.09$5.21----
Avg Forecast$1.92$3.68$7.03$6.74$5.35$5.24$5.07$6.14$6.55
High Forecast$2.08$3.98$7.41$6.87$5.49$6.46$6.79$6.59$7.03
Low Forecast$1.75$3.35$6.53$6.43$5.18$4.08$3.44$5.72$6.10
Surprise %-1204.17%-103.53%31.72%49.70%-2.62%----

Revenue Forecast

$0 $600M $1B $2B $2B $3B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$324.07M$975.09M$1.99B$1.91B$2.16B----
Avg Forecast$442.71M$622.97M$1.54B$1.94B$2.29B$2.40B$2.43B$2.58B$2.63B
High Forecast$470.53M$662.12M$1.60B$1.97B$2.41B$2.58B$2.49B$2.73B$2.78B
Low Forecast$411.85M$579.54M$1.45B$1.92B$2.20B$2.29B$2.38B$2.45B$2.49B
Surprise %-26.80%56.52%29.05%-1.60%-5.37%----

Net Income Forecast

$-1B $-500M $0 $500M $1B $2B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-906.04M$6.36M$773.24M$922.97M$520.31M----
Avg Forecast$176.88M$56.99M$295.11M$922.97M$491.51M$505.32M$487.45M$566.61M$603.00M
High Forecast$191.34M$123.33M$416.59M$1.30B$505.87M$595.07M$624.67M$606.76M$647.28M
Low Forecast$160.85M$-9.34M$173.63M$543.04M$477.15M$375.38M$316.93M$526.46M$561.62M
Surprise %-612.22%-88.84%162.01%-5.86%----

NOG Forecast FAQ

Is Northern Oil and Gas stock a buy?

Northern Oil and Gas stock has a consensus rating of Buy, based on 11 Wall Street analysts. The rating breakdown includes 1 Strong Buy, 7 Buy, 3 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Northern Oil and Gas is a favorable investment for most analysts.

What is Northern Oil and Gas's price target?

Northern Oil and Gas's price target, set by 11 Wall Street analysts, averages $38.5 over the next 12 months. The price target range spans from $34 at the low end to $43 at the high end, suggesting a potential 59.16% change from the previous closing price of $24.19.

How does Northern Oil and Gas stock forecast compare to its benchmarks?

Northern Oil and Gas's stock forecast shows a 59.16% upside, outperforming the average forecast for the energy stocks sector (38.68%) and outperforming the oil & gas exploration & production stocks industry (43.83%).

What is the breakdown of analyst ratings for Northern Oil and Gas over the past three months?

  • April 2025: 16.67% Strong Buy, 41.67% Buy, 41.67% Hold, 0% Sell, 0% Strong Sell.
  • March 2025: 16.67% Strong Buy, 41.67% Buy, 41.67% Hold, 0% Sell, 0% Strong Sell.
  • February 2025: 16.67% Strong Buy, 50.00% Buy, 33.33% Hold, 0% Sell, 0% Strong Sell.

What is Northern Oil and Gas’s EPS forecast?

Northern Oil and Gas's average annual EPS forecast for its fiscal year ending in December 2025 is $5.24, marking a 0.58% increase from the reported $5.21 in 2024. Estimates for the following years are $5.07 in 2026, $6.14 in 2027, and $6.55 in 2028.

What is Northern Oil and Gas’s revenue forecast?

Northern Oil and Gas's average annual revenue forecast for its fiscal year ending in December 2025 is $2.4B, reflecting a 10.88% increase from the reported $2.16B in 2024. The forecast for 2026 is $2.43B, followed by $2.58B for 2027, and $2.63B for 2028.

What is Northern Oil and Gas’s net income forecast?

Northern Oil and Gas's net income forecast for the fiscal year ending in December 2025 stands at $505.32M, representing a -2.88% decrease from the reported $520.31M in 2024. Projections indicate $487.45M in 2026, $566.61M in 2027, and $603M in 2028.