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NOG Stock Forecast & Price Target

NOG Analyst Ratings

Based on 23 analyst ratings
Buy
Strong Buy 48%
Buy 13%
Hold 35%
Sell 4%
Strong Sell 0%

Bulls say

Northern Oil & Gas Inc. is expected to see a significant 10% increase in production in the fourth quarter of 2024, largely driven by strategic acquisitions, alongside strong growth in natural gas from a new partnership in the Appalachian region. The company's robust free cash flow generation, aided by an improving commodity price environment, positions it favorably for accelerated debt reduction and the pursuit of value-accretive transactions. Additionally, a proactive hedge strategy implemented by management enhances predictability in commodity pricing, contributing to a more stable balance sheet and improved prospects for shareholder returns.

Bears say

Northern Oil & Gas Inc faces a negative outlook due to slightly lower capital efficiencies and wider in-basin differentials, indicating challenges in maintaining profitability as development slows across its asset base. Adjustments to 4Q24 earnings per share and cash flow per share estimates reflect a disappointing performance relative to market expectations, particularly for oil production and capital in 2025. Furthermore, the company's flat average production and capital metrics suggest difficulties in organic debt reduction, exacerbating concerns over the potential impact of declining commodity prices and unfavorable credit market conditions on its financial flexibility.

NOG has been analyzed by 23 analysts, with a consensus rating of Buy. 48% of analysts recommend a Strong Buy, 13% recommend Buy, 35% suggest Holding, 4% 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 23 analysts, NOG has a Buy consensus rating as of Jul 12, 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 $28.68, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $28.68, 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)


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