Northern Oil and Gas, Inc. (NOG)

Northern Oil and Gas Stock Forecast

Stock Price Forecast

According to 8 professional analysts, the 12-month price target for Northern Oil and Gas stock ranges from a low of $30 to a high of $55. The average analyst price target of $38 forecasts a 36.69% increase in the stock price over the next year.

Price Target: $38.00 (+36.69%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$30	$38	$36	$55
Change	+7.91%	+36.69%	+29.50%	+97.84%

Analyst Ratings

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

Recommendation Trends

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

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Noah Hungness B of A Securities	B of A Securities	Strong Buy Maintains $29 → $33	Strong Buy	Maintains	$29 → $33	+18.71%	May 23, 2025
John Freeman Raymond James	Raymond James	Strong Buy Maintains $35 → $36	Strong Buy	Maintains	$35 → $36	+29.50%	May 13, 2025
Mark Lear Piper Sandler	Piper Sandler	Hold Maintains $34 → $30	Hold	Maintains	$34 → $30	+7.91%	May 13, 2025
William Janela Mizuho	Mizuho	Hold Maintains $35 → $33	Hold	Maintains	$35 → $33	+18.71%	May 13, 2025
Scott Hanold RBC Capital	RBC Capital	Hold Reiterates $34	Hold	Reiterates	$34	+22.30%	Apr 17, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

2.28B

Increased by 13.57%

from 2.01B

Revenue Next Year

2.31B

Increased by 1.40%

from 2.28B

EPS This Year

4.45

Decreased by -13.49%

from 5.14

EPS Next Year

3.82

Decreased by -14.08%

from 4.45

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	2.31B	2.40B
Revenue Growth	-45.85%	205.19%	103.49%	-4.42%	14.87%	13.57%	1.40%	3.72%
EPS	-21.55	-0.13	8.92	10.03	5.14	4.45	3.82	4.45
EPS Growth	-	-	-	12.43%	-48.75%	-13.49%	-14.08%	16.41%
Forward PE	-	-	-	-	-	6.25	7.28	6.25
No. Analysts	-	-	-	-	-	12	11	7

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

Revenue Forecast

Revenue	2025	2026	2027
High	2.5B	2.6B	2.7B
Avg	2.3B	2.3B	2.4B
Low	2.1B	2.0B	2.1B

Revenue Growth

Revenue Growth	2025	2026	2027
High	23.4%	16.2%	17.0%
Avg	13.6%	1.4%	3.7%
Low	6.8%	-13.6%	-8.3%

EPS Forecast

EPS	2025	2026	2027	2028
High	5.27	4.98	5.37
Avg	4.45	3.82	4.45
Low	3.76	2.26	3.59

EPS Growth

EPS Growth	2025	2026	2027	2028
High	2.5%	12.0%	40.7%
Avg	-13.5%	-14.1%	16.4%
Low	-26.8%	-49.1%	-6.1%

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.