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NOG
Volume: 2.42M
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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 making a strategic shift in its capital expenditure plans, aiming to invest $250-300 million to drive growth in fiscal year 2026, which indicates a commitment to expanding operations despite a minor dip in front month WTI prices. The company anticipates a reinvestment rate of 79% in FY26, which is significantly higher than the peer medians of less than 60%, showcasing an aggressive growth strategy. Additionally, a projected leverage ratio of 1.6x at annualized 4Q26 EBITDA further demonstrates a strong operational position relative to peers, which typically reflect a leverage of around 0.9x.

Bears say

The outlook for Northern Oil & Gas reflects a significant decline in production estimates, with projected oil output decreasing to 73.9 mbbls/d and total production to 134.3 mboe/d for FY26, compared to previous expectations. Despite a projected EV/FCF yield of 11.9% in FY25 and 9.2% in FY26, these figures fall short of the relevant SMID peer group averages of 13.3% and 15.9%, indicating relative underperformance. Additionally, the company anticipates a sequential decline in production for Q3 2025, with forecasts indicating stagnation at similar levels to Q2 2025 in Q4 2025, further exacerbating concerns regarding future growth.

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 Oct 14, 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 $34.12, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $34.12, 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: 2.42M

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