Northern Oil and Gas, Inc. (NOG)
NYSE: NOG · Real-Time Price · USD
23.83
+0.31 (1.32%)
At close: Oct 2, 2026, 4:00 PM EDT
23.79
-0.04 (-0.17%)
After-hours: Oct 2, 2026, 7:39 PM EDT

Northern Oil and Gas Stock Forecast

Stock Price Forecast

According to 9 analysts polled by S&P Global, Northern Oil and Gas stock has a consensus rating of "Buy" and an average price target of $30.44. The average 1-year stock price forecast is 27.74% higher than the current stock price, while the lowest is $25 (+4.91%) and the highest is $38 (+59.46%).

Price Target: $30.44 (+27.74%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$25$30.44$30$38
Change+4.91%+27.74%+25.89%+59.46%

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

Chart
RatingApr '26May '26Jun '26Jul '26Aug '26Sep '26
Strong Buy533333
Buy111111
Hold344444
Sell000000
Strong Sell111111
Total1099999

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
William Blair
William Blair
Buy
Maintains
n/a
BuyMaintainsn/an/aSep 29, 2026
Raymond James
Raymond James
Buy
Maintains
$28 → $31
BuyMaintains$28 → $31+30.09%Sep 10, 2026
RBC Capital
RBC Capital
Hold
Reiterates
$30
HoldReiterates$30+25.89%Sep 1, 2026
Morgan Stanley
Morgan Stanley
Sell
Reiterates
$25
SellReiterates$25+4.91%Aug 20, 2026
Citi
Citi
Buy
Maintains
$36 → $28
BuyMaintains$36 → $28+17.50%Jul 20, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
2.05B
from 1.96B
Increased by 4.60%
Revenue Next Year
2.35B
from 2.05B
Increased by 14.65%
EPS This Year
3.95
from 4.57
Decreased by -13.54%
EPS Next Year
4.55
from 3.95
Increased by 15.26%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
898.14M1.83B1.75B2.01B1.96B2.05B
Revenue Growth
205.19%103.49%-4.42%14.87%-2.14%4.60%
Operating Income
80.96M861.89M1.13B842.23M989.48M713.52M
Net Income
6.36M773.24M922.97M520.31M38.76M-96.01M
EPS
----4.573.95
EPS Growth
-----13.12%-13.54%
Forward PE
3.363.044.867.676.836.03
Dividend / Share
0.160.881.491.641.801.79
Dividend Growth
-467.74%69.32%10.07%9.76%-0.82%
Free Cash Flow
----423.98M459.79M
No. Analysts
-----6
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202620272028
High2.3B
Avg2.1B
Low1.8B

Revenue Growth

Revenue Growth202620272028
High
19.2%
Avg
4.6%
Low
-6.2%

EPS Forecast

EPS202620272028
High5.32
Avg3.95
Low3.23

EPS Growth

EPS Growth202620272028
High
16.4%
Avg
-13.5%
Low
-29.3%