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NOG
Volume: 2.13M
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NOG Stock Forecast & Price Target

NOG Analyst Ratings

Based on 8 analyst ratings
Buy
Strong Buy 50%
Buy 0%
Hold 38%
Sell 13%
Strong Sell 0%

Bulls say

Northern Oil & Gas Inc. is positioned for robust growth with a projected capital expenditure of $250-300 million aimed at driving fiscal year 2026 growth, showcasing the company's commitment to expanding its operations. Despite a 6% decline in front month West Texas Intermediate (WTI) prices year-to-date, the company anticipates a reinvestment rate of 79% for FY26, significantly exceeding peer median levels. Additionally, the expected leverage ratio of 1.6x at annualized Q4 2026 EBITDA further solidifies Northern Oil & Gas's financial resilience and capacity to optimize asset performance amidst market fluctuations.

Bears say

Northern Oil & Gas's production outlook has experienced a significant reduction, with projections for FY26 indicating a decline to 73.9 mbbls/d of oil production and 134.3 mboe/d of total production, down from previous estimates. Additionally, the company's expected strip EV/FCF yields of 11.9% in FY25 and 9.2% in FY26 lag behind the SMID peer group averages of 13.3% and 15.9%, respectively, suggesting a less favorable valuation compared to peers. Furthermore, the anticipated sequential decline in production during the second half of FY25 raises concerns about the company's operational stability and growth potential.

NOG has been analyzed by 8 analysts, with a consensus rating of Buy. 50% of analysts recommend a Strong Buy, 0% recommend Buy, 38% suggest Holding, 13% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Northern Oil and Gas and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Northern Oil and Gas (NOG) Forecast

Analysts have given NOG a Buy based on their latest research and market trends.

According to 8 analysts, NOG has a Buy consensus rating as of Nov 4, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $32.75, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $32.75, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Northern Oil and Gas (NOG)

Volume: 2.13M

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