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

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Analyst price target for NOG

Based on 9 analysts offering 12 month price targets for Northern Oil & Gas Inc.
Min Forecast
$30.00+9.45%
Avg Forecast
$42.33+54.44%
Max Forecast
$58.00+111.6%

Should I buy or sell NOG stock?

Based on 9 analysts offering ratings for Northern Oil & Gas Inc.
Strong Buy
Strong Buy
5 analysts 55.56%
Buy
1 analysts 11.11%
Hold
3 analysts 33.33%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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NOG stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Raymond James
Top 1%
100
Strong BuyMaintains$55.00+100.66%2022-08-18
Piper Sandler
Top 8%
93
Strong BuyMaintains$49.00+78.77%2022-07-22
Bank of America
Bottom 21%
21
HoldMaintains$32.00+16.75%2022-07-19
Wells Fargo
Top 11%
90
HoldMaintains$35.00+27.69%2022-07-11
Truist Securities
Top 2%
99
Strong BuyMaintains$58.00+111.60%2022-06-13Find out why
Citigroup
Top 13%
88
Strong BuyMaintains$36.00+31.34%2022-04-26Find out why
Johnson Rice
Top 8%
93
Strong BuyUpgrades$50.00+82.42%2022-03-15
RBC Capital
Top 3%
98
BuyMaintains$36.00+31.34%2022-03-01
Bank of America
Top 7%
94
HoldDowngrades$30.00+9.45%2021-10-14

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Forecast return on equity

Is NOG forecast to generate an efficient return?
Company
574.35%
Industry
290.49%
Market
110.02%
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
39.99%
Industry
36.46%
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 4 analysts?
Avg 1 year Forecast
$7.03+123.89%
Avg 2 year Forecast
$9.79+211.78%
Avg 3 year Forecast
$11.11+253.82%
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 6 analysts?
Avg 1 year Forecast
$1.7B+92.74%
Avg 2 year Forecast
$1.9B+124.15%
Avg 3 year Forecast
$2.0B+132.95%
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
73.74%
Industry
11.66%
Market
19.13%
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
47.64%
Industry
4.65%
Market
8.53%
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$27.41$42.33+54.44%Strong Buy
CPE$35.01$68.83+96.61%Hold
CRGY$13.47$18.00+33.63%Strong Buy
KOS$5.17$8.39+62.24%Strong Buy
HPK$21.66$26.40+21.88%Strong Buy

Northern Oil & Gas Stock Forecast FAQ

Is Northern Oil & Gas Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 9 Wall Street analysts covering (NYSE: NOG) stock is to Strong Buy NOG stock.

Out of 9 analysts, 5 (55.56%) are recommending NOG as a Strong Buy, 1 (11.11%) are recommending NOG as a Buy, 3 (33.33%) 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 2022-2024?

(NYSE: NOG) Northern Oil & Gas's forecast annual earnings growth rate of 73.74% is forecast to beat the US Oil & Gas E&P industry's average forecast earnings growth rate of 11.66%, and and it is also forecast to beat the US market's average forecast earnings growth rate of 19.13%.

Northern Oil & Gas's earnings in 2022 is $193,628,000.On average, 4 Wall Street analysts forecast NOG's earnings for 2022 to be $554,769,624, with the lowest NOG earnings forecast at $521,625,493, and the highest NOG earnings forecast at $588,702,901. On average, 7 Wall Street analysts forecast NOG's earnings for 2023 to be $772,573,914, with the lowest NOG earnings forecast at $644,732,266, and the highest NOG earnings forecast at $1,043,250,986.

In 2024, NOG is forecast to generate $876,741,184 in earnings, with the lowest earnings forecast at $737,851,491 and the highest earnings forecast at $1,015,630,876.

What is NOG's revenue growth forecast for 2022-2024?

(NYSE: NOG) Northern Oil & Gas's forecast annual revenue growth rate of 47.64% is forecast to beat the US Oil & Gas E&P industry's average forecast revenue growth rate of 4.65%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 8.53%.

Northern Oil & Gas's revenue in 2022 is $859,213,000.On average, 6 Wall Street analysts forecast NOG's revenue for 2022 to be $130,689,676,602, with the lowest NOG revenue forecast at $119,768,685,385, and the highest NOG revenue forecast at $154,435,868,286. On average, 5 Wall Street analysts forecast NOG's revenue for 2023 to be $151,982,097,776, with the lowest NOG revenue forecast at $133,516,397,502, and the highest NOG revenue forecast at $182,292,721,380.

In 2024, NOG is forecast to generate $157,947,567,897 in revenue, with the lowest revenue forecast at $136,206,596,148 and the highest revenue forecast at $179,688,539,646.

What is NOG's forecast return on assets (ROA) for 2022-2024?

(NYSE: NOG) forecast ROA is 39.99%, which is higher than the forecast US Oil & Gas E&P industry average of 36.46%.

What is NOG's Price Target?

According to 9 Wall Street analysts that have issued a 1 year NOG price target, the average NOG price target is $42.33, with the highest NOG stock price forecast at $58.00 and the lowest NOG stock price forecast at $30.00.

On average, Wall Street analysts predict that Northern Oil & Gas's share price could reach $42.33 by Aug 18, 2023. The average Northern Oil & Gas stock price prediction forecasts a potential upside of 54.44% from the current NOG share price of $27.41.

What is NOG's Earnings Per Share (EPS) forecast for 2022-2024?

(NYSE: NOG) Northern Oil & Gas's current Earnings Per Share (EPS) is $3.14. On average, analysts forecast that NOG's EPS will be $7.03 for 2022, with the lowest EPS forecast at $6.61, and the highest EPS forecast at $7.46. 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 2022-2024?

(NYSE: NOG) forecast ROE is 574.35%, which is considered strong.
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