Northern Oil and Gas, Inc. (NOG)
NYSE: NOG · Real-Time Price · USD
36.21
+0.39 (1.09%)
Nov 4, 2024, 4:00 PM EST - Market closed
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 46.45, with a low estimate of 39 and a high estimate of 55. The average target predicts an increase of 28.28% from the current stock price of 36.21.
Analyst Consensus: Strong Buy
* Price targets were last updated on Sep 30, 2024.
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 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 7 | 7 | 7 | 7 | 7 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 1 | 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 |
|---|---|---|---|---|---|---|---|
| Truist Securities | Truist Securities | Strong Buy Maintains $55 → $44 | Strong Buy | Maintains | $55 → $44 | +21.51% | Sep 30, 2024 |
| Mizuho | Mizuho | Buy Initiates $47 | Buy | Initiates | $47 | +29.80% | Sep 19, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $42 → $39 | Hold | Maintains | $42 → $39 | +7.71% | Sep 16, 2024 |
| Piper Sandler | Piper Sandler | Hold Maintains $45 → $40 | Hold | Maintains | $45 → $40 | +10.47% | Aug 15, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $54 → $55 | Strong Buy | Maintains | $54 → $55 | +51.89% | Aug 1, 2024 |
Financial Forecast
Revenue This Year
2.20B
from 1.75B
Increased by 25.65%
Revenue Next Year
2.42B
from 2.20B
Increased by 10.02%
EPS This Year
5.31
from 10.03
Decreased by -47.09%
EPS Next Year
5.29
from 5.31
Decreased by -0.26%
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 | 40.5% | 26.7% | 16.1% | |
| Avg | 25.7% | 10.0% | -0.1% | |
| Low | 15.1% | -2.7% | -14.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 5.99 | 6.44 | 7.91 | |
| Avg | 5.31 | 5.29 | 5.45 | |
| Low | 4.69 | 4.04 | 3.27 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | -40.3% | 21.3% | 49.6% | |
| Avg | -47.1% | -0.3% | 2.9% | |
| Low | -53.2% | -23.9% | -38.2% |
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.