WallStreetZenWallStreetZen

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

Analyst price target for NOG

Based on 11 analysts offering 12 month price targets for Northern Oil & Gas Inc.
Min Forecast
$39.00+4.67%
Avg Forecast
$47.18+26.63%
Max Forecast
$56.00+50.3%

Should I buy or sell NOG stock?

Based on 11 analysts offering ratings for Northern Oil & Gas Inc.
Strong Buy
Strong Buy
7 analysts 63.64%
Buy
1 analysts 9.09%
Hold
2 analysts 18.18%
Sell
1 analysts 9.09%
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%2024-06-14
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
Morgan Stanley
Top 3%
98
HoldMaintains$41.00+10.04%2024-04-15
Jefferies
Top 3%
98
Strong BuyMaintains$51.00+36.88%2024-03-21Find out why
RBC Capital
Top 4%
97
BuyReiterates$46.00+23.46%2024-03-06
Citigroup
Top 16%
85
Strong BuyMaintains$45.00+20.77%2024-02-28
Raymond James
Top 1%
100
Strong BuyMaintains$45.00+20.77%2024-01-24

1 of 2

Forecast return on equity

Is NOG forecast to generate an efficient return?
Company
23.12%
Industry
9.99%
Market
83.08%
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
9.99%
Industry
5.41%
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 3 years based on estimates from 8 analysts?
Avg 1 year Forecast
$5.04-20.94%
Avg 2 year Forecast
$5.88-7.74%
Avg 3 year Forecast
$5.15-19.11%
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 3 years based on estimates from 7 analysts?
Avg 1 year Forecast
$2.2B+10.91%
Avg 2 year Forecast
$2.4B+19.38%
Avg 3 year Forecast
$2.3B+14.56%
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
-4.03%
Industry
19.63%
Market
18.9%
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
5.8%
Industry
4.35%
Market
9.94%
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$37.26$47.18+26.63%Strong Buy
CNX$23.89$25.60+7.16%Hold
BSM$15.66$18.50+18.14%Buy
CRC$50.31$64.00+27.21%Buy
STR$22.12$29.40+32.91%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 11 Wall Street analysts covering (NYSE: NOG) stock is to Strong Buy NOG stock.

Out of 11 analysts, 7 (63.64%) are recommending NOG as a Strong Buy, 1 (9.09%) are recommending NOG as a Buy, 2 (18.18%) are recommending NOG as a Hold, 1 (9.09%) 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 2024-2026?

(NYSE: NOG) Northern Oil & Gas's forecast annual earnings growth rate of -4.03% is not forecast to beat the US Oil & Gas E&P industry's average forecast earnings growth rate of 19.63%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 18.9%.

Northern Oil & Gas's earnings in 2024 is $594,385,000.On average, 8 Wall Street analysts forecast NOG's earnings for 2024 to be $508,944,923, with the lowest NOG earnings forecast at $433,527,336, and the highest NOG earnings forecast at $581,068,107. On average, 9 Wall Street analysts forecast NOG's earnings for 2025 to be $593,871,817, with the lowest NOG earnings forecast at $544,688,191, and the highest NOG earnings forecast at $651,806,833.

In 2026, NOG is forecast to generate $520,687,552 in earnings, with the lowest earnings forecast at $436,558,995 and the highest earnings forecast at $683,133,983.

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

(NYSE: NOG) Northern Oil & Gas's forecast annual revenue growth rate of 5.8% is forecast to beat the US Oil & Gas E&P industry's average forecast revenue growth rate of 4.35%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 9.94%.

Northern Oil & Gas's revenue in 2024 is $1,980,392,000.On average, 7 Wall Street analysts forecast NOG's revenue for 2024 to be $221,963,469,480, with the lowest NOG revenue forecast at $216,319,024,414, and the highest NOG revenue forecast at $228,678,090,417. On average, 6 Wall Street analysts forecast NOG's revenue for 2025 to be $238,915,095,692, with the lowest NOG revenue forecast at $232,682,003,369, and the highest NOG revenue forecast at $244,846,942,097.

In 2026, NOG is forecast to generate $229,263,908,124 in revenue, with the lowest revenue forecast at $213,023,913,497 and the highest revenue forecast at $248,495,039,257.

What is NOG's forecast return on assets (ROA) for 2024-2027?

(NYSE: NOG) forecast ROA is 9.99%, which is higher than the forecast US Oil & Gas E&P industry average of 5.41%.

What is NOG's Price Target?

According to 11 Wall Street analysts that have issued a 1 year NOG price target, the average NOG price target is $47.18, 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 $47.18 by Jun 14, 2025. The average Northern Oil & Gas stock price prediction forecasts a potential upside of 26.63% from the current NOG share price of $37.26.

What is NOG's Earnings Per Share (EPS) forecast for 2024-2026?

(NYSE: NOG) Northern Oil & Gas's current Earnings Per Share (EPS) is $6.37. On average, analysts forecast that NOG's EPS will be $5.04 for 2024, with the lowest EPS forecast at $4.29, and the highest EPS forecast at $5.75. On average, analysts forecast that NOG's EPS will be $5.88 for 2025, with the lowest EPS forecast at $5.39, and the highest EPS forecast at $6.45. In 2026, NOG's EPS is forecast to hit $5.15 (min: $4.32, max: $6.76).

What is NOG's forecast return on equity (ROE) for 2024-2027?

(NYSE: NOG) forecast ROE is 23.12%, which is considered strong.
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.