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NOG
Volume: 2.74M
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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 repositioning its capital expenditure strategy for FY26, planning to allocate $250-300 million to foster growth, indicating a commitment to enhancing operational capabilities despite challenging market conditions. The projected 79% reinvestment rate for FY26, coupled with a leverage ratio of 1.6x at annualized 4Q26 EBITDA, surpasses peer medians of less than 60% and 0.9x, respectively, highlighting the company's robust financial strategy. This strategic shift, alongside the relatively minor decline in front month WTI prices of only 6% year-to-date, suggests a resilient operational framework poised for potential growth in a fluctuating market.

Bears say

Northern Oil & Gas Inc. is facing a diminishing production outlook, with projections for FY26 estimating oil production at 73.9 mbbls/d and total production at 134.3 mboe/d, both reflecting sharp downward revisions since early July. The company's expected equity value based on fiscal year cash flows shows yields of 11.9% for FY25 and 9.2% for FY26, which are lower compared to the SMID peer group yields of 13.3% and 15.9%, suggesting relative underperformance. Additionally, the company anticipates a sequential decline in production in Q3 2025, and consistent production levels in Q4 2025, reinforcing concerns about its operational stability moving forward.

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 Dec 17, 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 $33, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $33, 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: 2.74M

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