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NOG
Volume: 3.36M
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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 is shifting its capital expenditure strategy, projecting an allocation of $250-300 million for growth in FY26, demonstrating a proactive approach despite a 6% year-to-date decline in front month WTI prices. The company is anticipated to achieve a 79% reinvestment rate for FY26, reflecting a strong commitment to sustaining operational growth and development. Furthermore, the expected leverage ratio of 1.6x at annualized Q4 2026 EBITDA indicates a robust financial position relative to peer medians, which are lower at 0.9x, suggesting Northern Oil & Gas is well-positioned for future growth.

Bears say

Northern Oil & Gas Inc. is projecting a decline in oil and total production levels for fiscal year 2026, with estimated production figures of 73.9 mbbls/d of oil and 134.3 mboe/d total, which is below consensus expectations that have decreased significantly since early July. The company anticipates challenges ahead, including a sequential decline in production during the third quarter of 2025 and stagnant production levels in the fourth quarter when compared to the second quarter of 2025. Furthermore, the projected strip EV/FCF yields of 11.9% for FY25 and 9.2% for FY26 fall short of the SMID peer group averages of 13.3% and 15.9%, indicating a weaker competitive position in terms of valuation relative to its peers.

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 26, 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: 3.36M

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