Northern Oil and Gas, Inc. (NOG)
NYSE: NOG · IEX Real-Time Price · USD
43.27
+0.21 (0.49%)
Apr 26, 2024, 4:00 PM EDT - Market closed
Northern Oil and Gas Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for NOG stock have an average target of 47.3, with a low estimate of 39 and a high estimate of 55. The average target predicts an increase of 9.31% from the current stock price of 43.27.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for NOG stock from 10 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 '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 5 | 5 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 1 | 1 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 8 | 10 | 10 | 10 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Stifel | Stifel | Strong Buy Maintains $54 → $55 | Strong Buy | Maintains | $54 → $55 | +27.11% | Apr 23, 2024 |
| Piper Sandler | Piper Sandler | Hold Maintains $38 → $42 | Hold | Maintains | $38 → $42 | -2.94% | Apr 19, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $38 → $41 | Hold | Maintains | $38 → $41 | -5.25% | Apr 15, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $56 → $55 | Strong Buy | Maintains | $56 → $55 | +27.11% | Apr 5, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $39 → $38 | Hold | Maintains | $39 → $38 | -12.18% | Mar 28, 2024 |
Financial Forecast
Revenue This Year
2.19B
from 2.17B
Increased by 1.23%
Revenue Next Year
2.36B
from 2.19B
Increased by 7.52%
EPS This Year
5.30
from 10.03
Decreased by -47.19%
EPS Next Year
6.16
from 5.30
Increased by 16.21%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 2.4B | 2.6B | 2.8B | 2.2B |
| Avg | 2.2B | 2.4B | 2.3B | 2.1B |
| Low | 2.0B | 2.1B | 2.1B | 2.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 8.5% | 20.7% | 18.7% | -4.9% |
| Avg | 1.2% | 7.5% | -0.8% | -8.6% |
| Low | -7.2% | -5.0% | -10.1% | -11.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 6.08 | 8.32 | 6.78 | 5.69 |
| Avg | 5.30 | 6.16 | 5.50 | 5.47 |
| Low | 4.51 | 4.18 | 4.18 | 5.31 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | -39.4% | 57.0% | 10.1% | 3.4% |
| Avg | -47.2% | 16.2% | -10.6% | -0.5% |
| Low | -55.1% | -21.1% | -32.1% | -3.5% |
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.