Northern Oil and Gas, Inc. (NOG)
NYSE: NOG · Real-Time Price · USD
42.27
+0.70 (1.67%)
Nov 21, 2024, 2:59 PM EST - Market open
Northern Oil and Gas Stock Forecast
Stock Price Forecast
The 11 analysts with 12-month price forecasts for NOG stock have an average target of 47.09, with a low estimate of 39 and a high estimate of 55. The average target predicts an increase of 11.42% from the current stock price of 42.27.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for NOG stock from 11 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 7 | 7 | 7 | 7 | 7 |
| Buy | 2 | 2 | 2 | 2 | 2 | 1 |
| Hold | 2 | 2 | 2 | 2 | 2 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 11 | 11 | 11 | 11 | 11 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| RBC Capital | RBC Capital | Buy → Hold Downgrades $43 → $45 | Buy → Hold | Downgrades | $43 → $45 | +6.47% | Nov 20, 2024 |
| Piper Sandler | Piper Sandler | Hold Maintains $40 → $41 | Hold | Maintains | $40 → $41 | -2.99% | Nov 18, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $44 → $51 | Strong Buy | Maintains | $44 → $51 | +20.67% | Nov 7, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $55 → $44 | Strong Buy | Maintains | $55 → $44 | +4.11% | Sep 30, 2024 |
| Mizuho | Mizuho | Buy Initiates $47 | Buy | Initiates | $47 | +11.20% | Sep 19, 2024 |
Financial Forecast
Revenue This Year
2.24B
from 1.75B
Increased by 28.00%
Revenue Next Year
2.42B
from 2.24B
Increased by 8.14%
EPS This Year
5.33
from 10.03
Decreased by -46.84%
EPS Next Year
5.28
from 5.33
Decreased by -0.99%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 2.5B | 2.8B | 2.8B | |
| Avg | 2.2B | 2.4B | 2.4B | |
| Low | 2.0B | 2.1B | 2.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 45.9% | 24.3% | 15.0% | |
| Avg | 28.0% | 8.1% | -0.4% | |
| Low | 15.1% | -4.5% | -14.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 5.99 | 6.44 | 7.18 | |
| Avg | 5.33 | 5.28 | 5.36 | |
| Low | 4.69 | 4.04 | 3.27 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | -40.3% | 20.7% | 36.0% | |
| Avg | -46.8% | -1.0% | 1.6% | |
| Low | -53.2% | -24.3% | -38.0% |
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.