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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 23.60% increase from the last price of $31.15.

$30 $33 $36 $39 $42 $45 High: $43 Avg: $38.5 Low: $34 Last Closed Price: $31.15

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 Gas23.60%
SectorEnergy Stocks 23.07%
IndustryOil & Gas Exploration & Production Stocks28.83%

Price Target Trends

1M3M12M
# Anlaysts-16
Avg Price Target-$34.00$45.67
Last Closing Price$31.15$31.15$31.15
Upside/Downside-9.15%46.61%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jun, 25245--11
May, 25245--11
Apr, 25255--12
Mar, 25255--12
Feb, 25264--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%9.15%
Jan 22, 2025Devin McDermottMorgan Stanley$43.00$40.167.07%38.04%
Sep 19, 2024William JanelaMizuho Securities$47.00$36.1729.94%50.88%
Sep 16, 2024Devin McDermottMorgan Stanley$39.00$34.4413.24%25.20%
Jul 22, 2024Neal DingmannTruist Financial$54.00$40.3833.73%73.35%
Jul 01, 2024Neal DingmannTruist Financial$57.00$37.1753.35%82.99%
May 14, 2024Mark LearPiper Sandler$43.00$39.628.53%38.04%
Apr 23, 2024Derrick WhitfieldStifel Nicolaus$55.00$42.6628.93%76.57%
Mar 28, 2024Devin McDermottMorgan Stanley$38.00$39.32-3.36%21.99%
Aug 08, 2023Scott HanoldRBC Capital$42.00$41.231.87%34.83%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
May 13, 2025Raymond JamesStrong BuyStrong Buyhold
May 13, 2025Piper SandlerNeutralNeutralhold
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

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 23.60% change from the previous closing price of $31.15.

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

Northern Oil and Gas's stock forecast shows a 23.60% upside, outperforming the average forecast for the energy stocks sector (23.07%) and underperforming the oil & gas exploration & production stocks industry (28.83%).

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

  • June 2025: 18.18% Strong Buy, 36.36% Buy, 45.45% Hold, 0% Sell, 0% Strong Sell.
  • May 2025: 18.18% Strong Buy, 36.36% Buy, 45.45% Hold, 0% Sell, 0% Strong Sell.
  • April 2025: 16.67% Strong Buy, 41.67% Buy, 41.67% 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.