Northern Oil and Gas, Inc. (NOG)

Northern Oil and Gas Stock Forecast

Stock Price Forecast

The 8 analysts with 12-month price forecasts for Northern Oil and Gas stock have an average target of 43.75, with a low estimate of 34 and a high estimate of 55. The average target predicts an increase of 84.21% from the current stock price of 23.75.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$34	$43.75	$45	$55
Change	+43.16%	+84.21%	+89.47%	+131.58%

Analyst Ratings

The average analyst rating for Northern Oil and Gas stock from 8 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25	Apr '25
Strong Buy	7	7	6	6	4	4
Buy	1	0	0	0	0	0
Hold	3	4	4	4	4	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	11	11	10	10	8	8

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Scott Hanold RBC Capital	RBC Capital	Hold Reiterates $34	Hold	Reiterates	$34	+43.16%	Apr 17, 2025
Scott Hanold RBC Capital	RBC Capital	Hold Maintains $40 → $34	Hold	Maintains	$40 → $34	+43.16%	Apr 14, 2025
Noah Hungness B of A Securities	B of A Securities	Strong Buy Maintains $48 → $41	Strong Buy	Maintains	$48 → $41	+72.63%	Apr 1, 2025
Devin McDermott Morgan Stanley	Morgan Stanley	Hold Maintains $43 → $38	Hold	Maintains	$43 → $38	+60.00%	Mar 27, 2025
Paul Diamond Citigroup	Citigroup	Strong Buy Maintains $55 → $45	Strong Buy	Maintains	$55 → $45	+89.47%	Feb 25, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

2.28B

Increased by 13.72%

from 2.01B

Revenue Next Year

2.39B

Increased by 4.78%

from 2.28B

EPS This Year

4.50

Decreased by -12.43%

from 5.14

EPS Next Year

4.41

Decreased by -1.93%

from 4.50

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	294.29M	898.14M	1.83B	1.75B	2.01B	2.28B	2.39B	2.38B
Revenue Growth	-45.85%	205.19%	103.49%	-4.42%	14.87%	13.72%	4.78%	-0.63%
EPS	-21.55	-0.13	8.92	10.03	5.14	4.50	4.41	5.01
EPS Growth	-	-	-	12.43%	-48.75%	-12.43%	-1.93%	13.56%
Forward PE	-	-	-	-	-	5.28	5.38	4.74
No. Analysts	-	-	-	-	-	13	12	6

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027
High	2.4B	2.9B	2.6B
Avg	2.3B	2.4B	2.4B
Low	2.1B	1.9B	2.1B

Revenue Growth

Revenue Growth	2025	2026	2027
High	20.9%	27.5%	7.9%
Avg	13.7%	4.8%	-0.6%
Low	6.8%	-15.4%	-11.3%

EPS Forecast

EPS	2025	2026	2027	2028
High	5.20	7.33	6.27
Avg	4.50	4.41	5.01
Low	3.77	2.10	4.42

EPS Growth

EPS Growth	2025	2026	2027	2028
High	1.1%	62.9%	42.0%
Avg	-12.4%	-1.9%	13.6%
Low	-26.6%	-53.4%	0.1%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.