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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 13 Wall Street analysts, predicts a 12-month average price target of $29.67, with a high of $36.00 and a low of $25.00. This represents a 40.08% increase from the last price of $21.18.

$20 $25 $30 $35 $40 $45 High: $36 Avg: $29.67 Low: $25 Last Closed Price: $21.18

NOG Stock Rating

Northern Oil and Gas stock's rating consensus is Buy, based on 13 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 7 Buy (53.85%), 5 Hold (38.46%), 1 Sell (7.69%), and 0 Strong Sell (0.00%).

Buy
Total 13 1 5 7 0 Strong Sell Sell Hold Buy Strong Buy

NOG Price Target Upside V Benchmarks

TypeNameUpside
StockNorthern Oil and Gas40.08%
SectorEnergy Stocks 9.28%
IndustryOil & Gas Exploration & Production Stocks18.07%

Price Target Trends

1M3M12M
# Anlaysts2612
Avg Price Target$26.50$30.50$29.17
Last Closing Price$21.18$21.18$21.18
Upside/Downside25.12%44.00%37.72%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jul, 261341-9
Jun, 261341-9
May, 261531-10
Apr, 261541-11
Mar, 261541-11
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jul 15, 2026John FreemanRaymond James$28.00$20.2838.07%32.20%
Jun 29, 2026Devin McDermottMorgan Stanley$25.00$19.1730.41%18.04%
Jun 15, 2026Raymond James$30.00$20.7944.30%41.64%
May 22, 2026Morgan Stanley$29.00$23.6622.57%36.92%
May 21, 2026John FreemanRaymond James$35.00$24.0745.41%65.25%
May 20, 2026Charles MeadeJohnson Rice$36.00$24.8944.64%69.97%
Mar 27, 2026Morgan Stanley$28.00$30.82-9.15%32.20%
Jan 23, 2026Morgan Stanley$24.00$23.780.93%13.31%
Jan 21, 2026Nitin KumarMizuho Securities$29.00$23.1525.27%36.92%
Jan 20, 2026RBC Capital$30.00$22.1535.44%41.64%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Jul 15, 2026Raymond JamesOutperformOutperformhold
Jun 29, 2026Morgan StanleyUnderweightUnderweighthold
May 22, 2026Morgan StanleyUnderweightUnderweighthold
May 21, 2026Raymond JamesStrong BuyOutperformdowngrade
May 20, 2026Johnson RiceHolddowngrade
Mar 27, 2026Morgan StanleyUnderweightUnderweighthold
Oct 14, 2025Morgan StanleyUnderweightUnderweighthold
Aug 25, 2025William BlairOutperforminitialise
Aug 18, 2025Morgan StanleyPositiveUnderweightdowngrade
Aug 04, 2025Piper SandlerNeutralNeutralhold

Financial Forecast

EPS Forecast

$-5 $-1 $3 $7 $11 $15 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-0.13$9.26$10.09$5.21$0.40---
Avg Forecast$3.68$7.03$6.74$5.35$5.24$5.07$6.14$6.55
High Forecast$3.98$7.41$6.87$5.49$6.46$6.79$6.59$7.03
Low Forecast$3.35$6.53$6.43$5.18$4.08$3.44$5.72$6.10
Surprise %-103.53%31.72%49.70%-2.62%-92.37%---

Revenue Forecast

$500M $1B $2B $2B $3B $3B Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$975.09M$1.99B$1.91B$2.16B$2.48B---
Avg Forecast$622.97M$1.54B$1.94B$2.29B$2.40B$2.43B$2.58B$2.63B
High Forecast$662.12M$1.60B$1.97B$2.41B$2.58B$2.49B$2.73B$2.78B
Low Forecast$579.54M$1.45B$1.92B$2.20B$2.29B$2.38B$2.45B$2.49B
Surprise %56.52%29.05%-1.60%-5.37%3.19%---

Net Income Forecast

$-500M $-100M $300M $700M $1B $2B Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$6.36M$773.24M$922.97M$520.31M$38.76M---
Avg Forecast$56.99M$295.11M$922.97M$491.51M$505.32M$487.45M$566.61M$603.00M
High Forecast$123.33M$416.59M$1.30B$505.87M$595.07M$624.67M$606.76M$647.28M
Low Forecast$-9.34M$173.63M$543.04M$477.15M$375.38M$316.93M$526.46M$561.62M
Surprise %-88.84%162.01%-5.86%-92.33%---

NOG Forecast FAQ

Is Northern Oil and Gas stock a buy?

Northern Oil and Gas stock has a consensus rating of Buy, based on 13 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 7 Buy, 5 Hold, 1 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 13 Wall Street analysts, averages $29.67 over the next 12 months. The price target range spans from $25 at the low end to $36 at the high end, suggesting a potential 40.08% change from the previous closing price of $21.18.

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

Northern Oil and Gas's stock forecast shows a 40.08% upside, outperforming the average forecast for the energy stocks sector (9.28%) and outperforming the oil & gas exploration & production stocks industry (18.07%).

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

  • July 2026: 11.11% Strong Buy, 33.33% Buy, 44.44% Hold, 11.11% Sell, 0% Strong Sell.
  • June 2026: 11.11% Strong Buy, 33.33% Buy, 44.44% Hold, 11.11% Sell, 0% Strong Sell.
  • May 2026: 10.00% Strong Buy, 50.00% Buy, 30.00% Hold, 10.00% 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 2026 is $5.07, marking a 1167.50% increase from the reported $0.4 in 2025. Estimates for the following years are $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 2026 is $2.43B, reflecting a -1.68% decrease from the reported $2.48B in 2025. The forecast for 2027 is $2.58B, 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 2026 stands at $487.45M, representing an 1157.58% increase from the reported $38.76M in 2025. Projections indicate $566.61M in 2027, and $603M in 2028.