Northern Oil and Gas, Inc. (NOG)
NYSE: NOG · IEX Real-Time Price · USD
41.32
-0.33 (-0.79%)
At close: Jul 19, 2024, 4:00 PM
41.30
-0.02 (-0.05%)
After-hours: Jul 20, 2024, 12:57 PM EDT
Northern Oil and Gas Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for NOG stock have an average target of 47.83, with a low estimate of 39 and a high estimate of 56. The average target predicts an increase of 15.76% from the current stock price of 41.32.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for NOG stock from 12 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 6 | 7 | 7 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 10 | 10 | 11 | 12 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B of A Securities | B of A Securities | Strong Buy Maintains $48 → $49 | Strong Buy | Maintains | $48 → $49 | +18.59% | Jul 10, 2024 |
| RBC Capital | RBC Capital | Buy Reiterates $46 | Buy | Reiterates | $46 | +11.33% | Jul 3, 2024 |
| B of A Securities | B of A Securities | Strong Buy Initiates $48 | Strong Buy | Initiates | $48 | +16.17% | Jun 14, 2024 |
| Piper Sandler | Piper Sandler | Hold Maintains $42 → $43 | Hold | Maintains | $42 → $43 | +4.07% | May 14, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $55 → $50 | Strong Buy | Maintains | $55 → $50 | +21.01% | May 3, 2024 |
Financial Forecast
Revenue This Year
2.18B
from 2.17B
Increased by 0.77%
Revenue Next Year
2.29B
from 2.18B
Increased by 4.95%
EPS This Year
5.55
from 10.03
Decreased by -44.62%
EPS Next Year
5.58
from 5.55
Increased by 0.48%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 2.4B | 2.5B | 2.5B | 2.3B |
| Avg | 2.2B | 2.3B | 2.2B | 2.2B |
| Low | 1.9B | 2.0B | 2.1B | 2.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 9.7% | 15.3% | 11.2% | 3.8% |
| Avg | 0.8% | 4.9% | -2.9% | -0.1% |
| Low | -10.4% | -6.8% | -9.8% | -3.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 8.73 | 6.77 | 7.10 | 4.81 |
| Avg | 5.55 | 5.58 | 5.06 | 4.63 |
| Low | 4.60 | 3.62 | 3.36 | 4.49 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | -13.0% | 21.9% | 27.2% | -5.0% |
| Avg | -44.6% | 0.5% | -9.3% | -8.6% |
| Low | -54.2% | -34.8% | -39.7% | -11.4% |
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.