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NYSE: NOG
Northern Oil & Gas Inc Stock Forecast, Predictions & Price Target

Analyst price target for NOG

Based on 10 analysts offering 12 month price targets for Northern Oil & Gas Inc.
Min Forecast
$39.00-2.52%
Avg Forecast
$47.10+17.72%
Max Forecast
$56.00+39.97%

Should I buy or sell NOG stock?

Based on 10 analysts offering ratings for Northern Oil & Gas Inc.
Buy
Strong Buy
6 analysts 60%
Buy
1 analysts 10%
Hold
2 analysts 20%
Sell
1 analysts 10%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their NOG stock forecasts and price targets.

NOG stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-05-14
lockedlocked$00.00+00.00%2024-05-03
lockedlocked$00.00+00.00%2024-05-01
lockedlocked$00.00+00.00%2024-04-23Find Out Why
lockedlocked$00.00+00.00%2024-04-15
Jefferies
Top 2%
99
Strong BuyMaintains$51.00+27.47%2024-03-21Find out why
RBC Capital
Top 3%
98
BuyReiterates$46.00+14.97%2024-03-06
Citigroup
Top 14%
87
Strong BuyMaintains$45.00+12.47%2024-02-28
Raymond James
Top 1%
100
Strong BuyMaintains$45.00+12.47%2024-01-24
Bank of America
Bottom 15%
15
SellDowngrades$39.00-2.52%2024-01-05

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Forecast return on equity

Is NOG forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
21.13%

Forecast return on assets

Is NOG forecast to generate an efficient return on assets?
Company
N/A
Industry
N/A

NOG revenue forecast

What is NOG's revenue in the next 3 years based on estimates from 8 analysts?
Avg 1 year Forecast
$2.2B+11.27%
Avg 2 year Forecast
$2.4B+20.42%
Avg 3 year Forecast
$2.3B+17.27%
NOG's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

NOG earnings growth forecast

How is NOG forecast to perform vs Oil & Gas E&P companies and vs the US market?
Company
57.74%
Industry
39.22%
Market
22.48%
NOG's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
NOG's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
NOG's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

NOG revenue growth forecast

How is NOG forecast to perform vs Oil & Gas E&P companies and vs the US market?
Company
8.03%
Industry
6.46%
Market
9.25%
NOG's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
NOG's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

NOG vs Oil and Gas Stocks

TickerPricePrice TargetUp/downsideConsensus
NOG$40.01$47.10+17.72%Buy
ERF$20.00$22.00+10.00%Hold
CNX$24.30$25.60+5.35%Hold
BSM$16.23$18.50+13.99%Buy
STR$23.53$29.40+24.95%Buy

Northern Oil & Gas Stock Forecast FAQ

Is Northern Oil & Gas Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 10 Wall Street analysts covering (NYSE: NOG) stock is to Buy NOG stock.

Out of 10 analysts, 6 (60%) are recommending NOG as a Strong Buy, 1 (10%) are recommending NOG as a Buy, 2 (20%) are recommending NOG as a Hold, 1 (10%) are recommending NOG as a Sell, and 0 (0%) are recommending NOG as a Strong Sell.

If you're new to stock investing, here's how to buy Northern Oil & Gas stock.

What is NOG's revenue growth forecast for 2024-2026?

(NYSE: NOG) Northern Oil & Gas's forecast annual revenue growth rate of 8.03% is forecast to beat the US Oil & Gas E&P industry's average forecast revenue growth rate of 6.46%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 9.25%.

Northern Oil & Gas's revenue in 2024 is $1,980,392,000.On average, 8 Wall Street analysts forecast NOG's revenue for 2024 to be $222,674,898,954, with the lowest NOG revenue forecast at $216,319,024,414, and the highest NOG revenue forecast at $228,678,090,417. On average, 7 Wall Street analysts forecast NOG's revenue for 2025 to be $240,995,925,848, with the lowest NOG revenue forecast at $236,770,600,683, and the highest NOG revenue forecast at $248,682,901,102.

In 2026, NOG is forecast to generate $234,689,871,582 in revenue, with the lowest revenue forecast at $223,450,498,558 and the highest revenue forecast at $248,495,039,257.

What is NOG's forecast return on assets (ROA) for 2024-2026?

(NYSE: NOG) forecast ROA is N/A, which is lower than the forecast US Oil & Gas E&P industry average of N/A.

What is NOG's Price Target?

According to 10 Wall Street analysts that have issued a 1 year NOG price target, the average NOG price target is $47.10, with the highest NOG stock price forecast at $56.00 and the lowest NOG stock price forecast at $39.00.

On average, Wall Street analysts predict that Northern Oil & Gas's share price could reach $47.10 by May 14, 2025. The average Northern Oil & Gas stock price prediction forecasts a potential upside of 17.72% from the current NOG share price of $40.01.

What is NOG's forecast return on equity (ROE) for 2024-2026?

(NYSE: NOG) forecast ROE is N/A, which is considered weak.
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