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 $44.56 (represents a 8.95% upside from NOG’s last price of $40.90) 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 $44.56 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 8.95% upside from NOG's last price of $40.90.
NOG Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 19, 2024 | William Janela | Mizuho Securities | $47.00 | $36.17 | 29.94% | 14.91% |
| Sep 16, 2024 | Devin McDermott | Morgan Stanley | $39.00 | $34.44 | 13.24% | -4.65% |
| Jul 22, 2024 | Neal Dingmann | Truist Financial | $54.00 | $40.38 | 33.73% | 32.03% |
| Jul 01, 2024 | Neal Dingmann | Truist Financial | $57.00 | $37.17 | 53.35% | 39.36% |
| May 14, 2024 | Mark Lear | Piper Sandler | $43.00 | $39.62 | 8.53% | 5.13% |
| Apr 23, 2024 | Derrick Whitfield | Stifel Nicolaus | $55.00 | $42.66 | 28.93% | 34.47% |
| Mar 28, 2024 | Devin McDermott | Morgan Stanley | $38.00 | $39.32 | -3.37% | -7.09% |
| Aug 08, 2023 | Scott Hanold | RBC Capital | $42.00 | $41.23 | 1.87% | 2.69% |
| Apr 10, 2023 | Scott Hanold | RBC Capital | $46.00 | $33.40 | 37.72% | 12.47% |
| Jul 26, 2022 | - | Raymond James | $50.00 | $27.00 | 85.19% | 22.25% |
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 14.91% increase from NOG last price ($40.90).
Northern Oil and Gas Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 7 |
| Avg Price Target | - | $43.00 | $47.57 |
| Last Closing Price | $40.90 | $40.90 | $40.90 |
| Upside/Downside | -100.00% | 5.13% | 16.31% |
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 $40.90. 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
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 16, 2024 | Truist Financial | Buy | Buy | Hold |
| Sep 16, 2024 | RBC Capital | Underperform | Underperform | 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'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 27 | Sep 27 | Jun 27 | Mar 27 | 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 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 | $644.00M | $641.00M | $589.50M | $591.00M | $614.84M | $601.84M | $591.46M | $594.92M | $591.67M | $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 | $721.78M | $717.35M | $711.83M | $707.41M | $711.83M | $708.51M | $651.59M | $653.25M | $679.60M | $665.23M | $653.76M | $645.49M | $641.01M | $554.29M | $542.28M | $505.93M | $584.09M | $537.12M | $457.62M | $435.61M | $432.22M | $379.75M | $360.03M | $301.59M | $257.33M | $207.22M | $178.75M | $134.09M | $133.74M | $114.53M |
| Low Forecast | $602.87M | $599.18M | $594.56M | $590.87M | $594.56M | $591.79M | $544.25M | $545.63M | $567.64M | $555.64M | $546.06M | $548.84M | $562.36M | $526.18M | $542.28M | $505.76M | $541.90M | $481.77M | $382.23M | $363.85M | $361.02M | $379.75M | $360.03M | $301.59M | $257.33M | $207.22M | $178.75M | $134.09M | $133.74M | $114.53M |
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 5 | 4 | 8 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 7 |
| 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 27 | Sep 27 | Jun 27 | Mar 27 | 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 5 | 4 | 8 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 7 |
| 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 | $125.87M | $125.29M | $115.22M | $115.51M | $120.17M | $117.63M | $115.61M | $116.28M | $115.65M | $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 | $141.08M | $140.21M | $139.13M | $138.27M | $139.13M | $138.48M | $127.36M | $127.68M | $132.83M | $130.02M | $127.78M | $126.17M | $125.29M | $108.34M | $105.99M | $-98.50M | $114.16M | $104.98M | $89.44M | $-89.54M | $453.75M | $169.06M | $160.28M | $-81.40M | $114.56M | $92.25M | $79.58M | $-52.37M | $59.54M | $50.99M |
| Low Forecast | $117.84M | $117.11M | $116.21M | $115.49M | $116.21M | $115.67M | $106.38M | $106.65M | $110.95M | $108.60M | $106.73M | $107.27M | $109.92M | $102.85M | $105.99M | $-147.74M | $105.92M | $94.16M | $74.71M | $-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 27 | Sep 27 | Jun 27 | Mar 27 | 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 5 | 4 | 8 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 7 |
| 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 | $165.11M | $153.25M | $147.11M | $148.40M | $141.89M | $131.99M | $129.60M | $135.74M | $131.24M | $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 | $191.24M | $188.95M | $187.81M | $185.52M | $187.72M | $174.24M | $167.26M | $168.72M | $161.31M | $150.06M | $147.35M | $156.70M | $156.19M | $136.91M | $130.16M | $-151.14M | $181.44M | $182.73M | $155.56M | $-137.40M | $239.03M | $177.95M | $166.00M | $-124.91M | $106.99M | $91.10M | $71.80M | $-61.58M | $67.67M | $36.08M |
| Low Forecast | $151.42M | $149.61M | $148.70M | $146.89M | $148.63M | $137.96M | $132.43M | $133.60M | $127.73M | $118.82M | $116.67M | $123.77M | $122.00M | $108.41M | $119.93M | $-226.72M | $147.99M | $153.62M | $123.17M | $-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 27 | Sep 27 | Jun 27 | Mar 27 | 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 5 | 4 | 8 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 7 |
| 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 | $21.96M | $21.86M | $20.10M | $20.15M | $20.97M | $20.52M | $20.17M | $20.29M | $20.18M | $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 | $24.61M | $24.46M | $24.27M | $24.12M | $24.27M | $24.16M | $22.22M | $22.27M | $23.17M | $22.68M | $22.29M | $22.01M | $21.86M | $18.90M | $18.49M | $15.16M | $19.92M | $18.32M | $15.60M | $13.78M | $14.31M | $12.95M | $12.28M | $12.53M | $8.77M | $7.07M | $6.10M | $6.93M | $4.56M | $3.91M |
| Low Forecast | $20.56M | $20.43M | $20.27M | $20.15M | $20.27M | $20.18M | $18.56M | $18.61M | $19.36M | $18.95M | $18.62M | $18.71M | $19.18M | $17.94M | $18.49M | $10.11M | $18.48M | $16.43M | $13.03M | $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 27 | Sep 27 | Jun 27 | Mar 27 | 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 5 | 4 | 8 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 7 |
| 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 | $1.64 | $1.52 | $1.46 | $1.47 | $1.41 | $1.31 | $1.29 | $1.35 | $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 | $1.90 | $1.88 | $1.86 | $1.84 | $1.86 | $1.73 | $1.66 | $1.68 | $1.60 | $1.49 | $1.46 | $1.56 | $1.55 | $1.36 | $1.29 | $1.18 | $1.80 | $1.81 | $1.54 | $1.93 | $1.84 | $1.74 | $1.63 | $1.24 | $1.05 | $0.89 | $0.70 | $0.53 | $0.66 | $0.35 |
| Low Forecast | $1.50 | $1.49 | $1.48 | $1.46 | $1.48 | $1.37 | $1.31 | $1.33 | $1.27 | $1.18 | $1.16 | $1.23 | $1.21 | $1.08 | $1.19 | $1.18 | $1.47 | $1.53 | $1.22 | $1.53 | $1.46 | $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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| VTLE | Vital Energy | $31.16 | $57.83 | 85.59% | Hold |
| CIVI | Civitas Resources | $51.66 | $84.70 | 63.96% | Buy |
| CHRD | Chord Energy | $130.89 | $195.36 | 49.26% | Buy |
| MUR | Murphy Oil | $33.33 | $46.08 | 38.25% | Buy |
| MTDR | Matador Resources Company | $58.99 | $73.11 | 23.94% | Buy |
| AR | Antero Resources | $30.41 | $37.58 | 23.58% | Buy |
| PR | Permian Resources | $15.18 | $17.92 | 18.05% | Buy |
| NOG | Northern Oil and Gas | $40.90 | $44.56 | 8.95% | Hold |
| MGY | Magnolia Oil & Gas | $27.24 | $25.06 | -8.00% | Buy |
| CRK | Comstock Resources | $13.39 | $9.25 | -30.92% | Hold |