WallStreetZenWallStreetZen

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

OverviewForecast
EarningsDividendOwnership

Analyst price target for NOG

Based on 8 analysts offering 12 month price targets for Northern Oil & Gas Inc.
Min Forecast
$32.00+14.41%
Avg Forecast
$41.25+47.48%
Max Forecast
$50.00+78.76%

Should I buy or sell NOG stock?

Based on 8 analysts offering ratings for Northern Oil & Gas Inc.
Strong Buy
Strong Buy
5 analysts 62.5%
Buy
1 analysts 12.5%
Hold
2 analysts 25%
Sell
0 analysts 0%
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
RBC Capital
Top 5%
96
BuyReiterates$46.00+64.46%2023-03-17
Piper Sandler
Top 46%
55
Strong BuyMaintains$50.00+78.76%2023-03-07
Truist Securities
Top 3%
98
Strong BuyMaintains$44.00+57.31%2023-02-07
Raymond James
Top 1%
100
Strong BuyMaintains$50.00+78.76%2023-02-07
Jefferies
Top 1%
100
Strong BuyInitiates Coverage On$37.00+32.28%2022-10-19
Bank of America
Bottom 18%
18
HoldMaintains$32.00+14.41%2022-07-19
Wells Fargo
Top 13%
88
HoldMaintains$35.00+25.13%2022-07-11
Citigroup
Top 15%
86
Strong BuyMaintains$36.00+28.71%2022-04-26Find out why

1 of 1

Forecast return on equity

Is NOG forecast to generate an efficient return?
Company
127.12%
Industry
48.09%
Market
51.58%
NOG's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is NOG forecast to generate an efficient return on assets?
Company
32.95%
Industry
17.18%
NOG is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

NOG earnings per share forecast

What is NOG's earnings per share in the next 2 years based on estimates from 7 analysts?
Avg 1 year Forecast
$9.79+5.72%
Avg 2 year Forecast
$11.11+19.98%
NOG's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

NOG revenue forecast

What is NOG's revenue in the next 2 years based on estimates from 5 analysts?
Avg 1 year Forecast
$1.9B+22.63%
Avg 2 year Forecast
$2.0B+27.44%
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
5.72%
Industry
5.11%
Market
78.57%
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
22.63%
Industry
-2.69%
Market
25.81%
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$27.97$41.25+47.48%Strong Buy
HPK$21.31$45.00+111.17%Strong Buy
CRC$35.92$57.43+59.88%Strong Buy
CNX$15.22$21.00+37.98%Hold
VET$12.72$30.43+139.19%Buy
View Top Oil and Gas Stocks

Northern Oil & Gas Stock Forecast FAQ

Is Northern Oil & Gas Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 8 Wall Street analysts covering (NYSE: NOG) stock is to Strong Buy NOG stock.

Out of 8 analysts, 5 (62.5%) are recommending NOG as a Strong Buy, 1 (12.5%) are recommending NOG as a Buy, 2 (25%) are recommending NOG as a Hold, 0 (0%) 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 earnings growth forecast for 2023-2024?

(NYSE: NOG) Northern Oil & Gas's forecast annual earnings growth rate of 5.72% is forecast to beat the US Oil & Gas E&P industry's average forecast earnings growth rate of 5.11%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 78.57%.

Northern Oil & Gas's earnings in 2023 is $727,703,000.On average, 7 Wall Street analysts forecast NOG's earnings for 2023 to be $834,826,361, with the lowest NOG earnings forecast at $696,683,490, and the highest NOG earnings forecast at $1,127,314,044.

In 2024, NOG is forecast to generate $947,387,218 in earnings, with the lowest earnings forecast at $797,306,075 and the highest earnings forecast at $1,097,468,362.

What is NOG's revenue growth forecast for 2023-2024?

(NYSE: NOG) Northern Oil & Gas's forecast annual revenue growth rate of 22.63% is forecast to beat the US Oil & Gas E&P industry's average forecast revenue growth rate of -2.69%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 25.81%.

Northern Oil & Gas's revenue in 2023 is $1,570,535,000.On average, 5 Wall Street analysts forecast NOG's revenue for 2023 to be $164,228,508,405, with the lowest NOG revenue forecast at $144,274,879,280, and the highest NOG revenue forecast at $196,981,500,870.

In 2024, NOG is forecast to generate $170,674,664,066 in revenue, with the lowest revenue forecast at $147,181,848,702 and the highest revenue forecast at $194,167,479,429.

What is NOG's forecast return on assets (ROA) for 2023-2024?

(NYSE: NOG) forecast ROA is 32.95%, which is higher than the forecast US Oil & Gas E&P industry average of 17.18%.

What is NOG's Price Target?

According to 8 Wall Street analysts that have issued a 1 year NOG price target, the average NOG price target is $41.25, with the highest NOG stock price forecast at $50.00 and the lowest NOG stock price forecast at $32.00.

On average, Wall Street analysts predict that Northern Oil & Gas's share price could reach $41.25 by Mar 17, 2024. The average Northern Oil & Gas stock price prediction forecasts a potential upside of 47.48% from the current NOG share price of $27.97.

What is NOG's Earnings Per Share (EPS) forecast for 2023-2024?

(NYSE: NOG) Northern Oil & Gas's current Earnings Per Share (EPS) is $9.26. On average, analysts forecast that NOG's EPS will be $9.79 for 2023, with the lowest EPS forecast at $8.17, and the highest EPS forecast at $13.22. In 2024, NOG's EPS is forecast to hit $11.11 (min: $9.35, max: $12.87).

What is NOG's forecast return on equity (ROE) for 2023-2024?

(NYSE: NOG) forecast ROE is 127.12%, which is considered strong.
©2023 WallStreetZen
Company
AboutBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTube
Stock Tools
Top Performing AnalystsStock ScreenerStock ForecastTrending StocksStrong Buy StocksHighest Earnings StocksBest Dividend Paying StocksStatisticsStock Market SectorsStock Market IndustriesHow to Buy Stocks Online
Stock Ideas
Buy The DipBiggest Stock Gainers TodayBiggest Stock Losers Today52 Week High Stocks52 Week Low StocksMost Active Stocks TodayMost Undervalued StocksBest Penny Stocks to Buy NowBest Stocks Under $5Best Stocks Under $10
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.