NOGNOGEnergy · Oil & Gas E&P

NOG Stock Forecast: Northern Oil & Gas, Inc. Price Predictions for 2026-2027

Last close, 14 Oct 2026
$26
−0.34% on the day

The 9 Wall Street analysts covering Northern Oil & Gas, Inc. hold a median 12-month price target of $30 — +14.1% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 49 of 100 as at 14 Oct 2026 — in the lower half.

Market cap
$2.7B
Ticker Nerd rank
49 / 100
Median analyst target
$30
Analysts covering
9
Revenue$675.1M+16.8% y/y
Operating income$282.4M
Net income$236.6M
Free cash flow−$58.2M
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
+8.8%
1M
+1.7%
YTD
+29.7%
1Y
+27.4%
From 52W high
−9.7%
From 52W low
+54.3%
$17
$29
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

NOG stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores Northern Oil & Gas, Inc. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 14 Oct 2026
49 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Accruals
81
Revisions
76
Value
63
Momentum
61
Quality
56
Volatility
44
Size
31
Issuance
17
Growth
16

Accruals (81): Reported profit is backed by cash, and the company is not expanding recklessly.

Growth (16): Sales and profits are flat, shrinking, or growing more slowly than they were.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

NOG stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on NOG, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$15$20$25$30$35$40Jan 26Apr 26Jul 26Oct 26NOGHigh $38Median $30Low $25

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says9 analysts
4 Buy4 Hold1 Sell
Low $25Median $30High $38

The green dot is the last close — the median target sits +14.1% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 1 moved their price target up and 3 moved it down.

DateFirmActionRatingTarget
10 Sept 2026Raymond JamesMaintainsOutperform$28 → $31
20 July 2026CitigroupMaintainsBuy$36 → $28
20 July 2026CitigroupMaintainsBuy—
14 July 2026MizuhoMaintainsNeutral$31 → $29
14 July 2026MizuhoMaintainsNeutral—
29 June 2026Morgan StanleyMaintainsUnderweight$29 → $25
29 June 2026Morgan StanleyMaintainsUnderweight—
15 June 2026Raymond JamesMaintainsOutperform—
22 May 2026Morgan StanleyMaintainsUnderweight—
21 May 2026Raymond JamesDowngradeOutperform—
20 May 2026Johnson RiceDowngradeHold—
14 Apr 2026CitigroupMaintainsBuy—
31 Mar 2026CitigroupMaintainsBuy—
24 Mar 2026B of A SecuritiesMaintainsBuy—
12 Mar 2026Piper SandlerMaintainsNeutral—
11 Mar 2026CitigroupMaintainsBuy—
5 Mar 2026Piper SandlerMaintainsNeutral—
23 Jan 2026Morgan StanleyMaintainsUnderweight—
20 Jan 2026RBC CapitalMaintainsSector Perform—
12 Dec 2025MizuhoMaintainsNeutral—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. NOG appears on the weeks it earns a place.

Free, every Monday. Unsubscribe any time.

Performance

NOG vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 14 Oct 2026, Northern Oil & Gas, Inc. returned +27.4% against +17.5% for the S&P 500, dividends included.

NOG vs S&P 500, last 12 monthsTotal return, rebased to 100
8090100110120130140Jan 26Apr 26Jul 26Oct 26NOGS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

NOG analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
EPS revision, 90 days
+3.9%
Analysts raising
3
Analysts cutting
3
Fundamentals

Northern Oil & Gas, Inc. (NOG) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
68.9×

Cheaper than 10% of US stocks

Price / sales
1.3×

Cheaper than 62% of US stocks

Price / book
1.4×

Cheaper than 58% of US stocks

EV / EBITDA
4.5×

Cheaper than 54% of US stocks

Growth & margins
Revenue growth (YoY)
16.0%

Higher than 64% of US stocks

Earnings growth (YoY)
137.6%

Higher than 87% of US stocks

Gross margin
45.8%

Higher than 57% of US stocks

Operating margin
57.1%

Higher than 98% of US stocks

Net margin
−24.2%

Higher than 14% of US stocks

Returns & dividend
Return on equity
−22.0%

Higher than 31% of US stocks

Return on assets
4.6%

Higher than 74% of US stocks

Dividend yield
7.1%

Higher than 95% of US dividend payers

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

Northern Oil & Gas, Inc. (NOG) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • Northern Oil & Gas, Inc. has a market value of $2.7B and an enterprise value of $5.4B.

  • Revenue in the twelve months to 30 June 2026: $2.2B. The latest quarter grew 16.0% year on year.

  • Net income over the same four quarters: −$486.0M, a −22.5% net margin.

  • Diluted earnings per share, trailing twelve months: $−5.18.

  • Free cash flow in the twelve months to 30 June 2026: −$294.2M, after $2.6B of capital spending.

  • Northern Oil & Gas, Inc. spent $57.1M on share buybacks and $179.6M on dividends in the twelve months to 30 June 2026.

  • Shares outstanding: 106.5M.

  • Trailing P/E: 68.9×; forward P/E: 5.5× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 7.08%, paying out 462% of earnings.

  • Northern Oil & Gas, Inc. employs 64 people — $33.7M of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 13 Oct 2026

Data provided by Twelve Data

Peers

NOG vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelOil & Gas E&P
CompanyMarket capTKN rank
NOGNorthern Oil & Gas, Inc.$2.7B
49
TALOTalos Energy, Inc.$2.8B
89
GPORGulfport Energy Corp.$3.0B
76
BKVBKV Corp.$2.5B
21
CRKComstock Resources, Inc.$4.0B
22
KOSKosmos Energy Ltd.$1.6B
70
CRCCalifornia Resources Corp.$4.8B
34

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own Northern Oil & Gas, Inc. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest NOG news & analysis

NOG Provides Third Quarter Operational Update

Business Wire · 12 Oct 2026neutral

Northern Oil & Gas, Inc. (NOG) provided a third-quarter operational update, according to the Business Wire headline. The excerpt contains no further details about the update.

Why it matters — NOG watchers may note the company’s quarterly operational update, though the excerpt does not specify its contents.

NOG Schedules Third Quarter Earnings Release and Conference Call

Business Wire · 7 Oct 2026neutral

Northern Oil and Gas plans to release its third-quarter 2026 financial and operating results after market close on November 5, 2026. The company will hold a conference call on November 6 at 8:00 a.m. Central Time, available by phone or webcast.

Why it matters — NOG watchers can note when the company will report results and provide an accompanying conference call.

4 Ultra-High-Yield Energy Stocks Are September Strong Buys (One Yields Over 10%)

24/7 Wall Street · 21 Sept 2026positive

24/7 Wall Street highlights four ultra-high-yield energy stocks, including one yielding over 10%, as strong buys for September, noting that elevated energy prices through 2026 and beyond position these companies to deliver significant passive income.

Why it matters — This article signals that high-yield energy producers are expected to benefit from sustained elevated energy prices, which is relevant context for NOG given its focus on the sector.

Northern Oil And Gas: My Conviction Holds As Unit Economics Strengthen In Q2

Seeking Alpha · 10 Sept 2026positive

The article highlights Northern Oil and Gas's second-quarter performance, citing robust adjusted EBITDA growth, improved per-barrel economics, and a strategic pivot toward natural gas. It also notes that refinancing has lowered interest costs, supporting margin expansion and a sustainable dividend currently yielding above 7%, despite recent hedge-driven earnings volatility.

Why it matters — A NOG watcher would care because the piece points to strengthening unit economics, lower interest costs, and dividend sustainability as key developments in the company's recent results.

NOG Announces Pricing of $500 Million Private Offering of Senior Notes

Business Wire · 19 Aug 2026neutral

NOG announced the pricing of a $500 million private offering of senior notes, as reported by Business Wire. The announcement was made from Minneapolis.

Why it matters — A NOG watcher would care because this debt offering affects the company's capital structure and financing position.

FAQ

Frequently asked questions about NOG stock

What is the NOG stock price forecast for 2026-2027?

The 9 Wall Street analysts covering Northern Oil & Gas, Inc. have a median 12-month price target of $30, with estimates ranging from $25 to $38. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is NOG stock a buy right now?

Of the 9 analysts covering Northern Oil & Gas, Inc., 4 rate it a Buy, 4 a Hold and 1 a Sell. Ticker Nerd's systematic factor model ranks Northern Oil & Gas, Inc. 49 out of 100 across roughly 4,600 US stocks as at 14 Oct 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank NOG?

As at 14 Oct 2026, Northern Oil & Gas, Inc. ranks 49 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Accruals (81 of 100).

Will NOG stock go up?

No one can know that. What the data says: the median 12-month target from 9 analysts implies +14.1% from the last close, and Ticker Nerd's factor model ranks Northern Oil & Gas, Inc. 49 out of 100 as at 14 Oct 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the NOG stock forecast for 2030?

No analyst covering Northern Oil & Gas, Inc. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for NOG are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $25 to $38 over the next 12 months.

How has NOG stock performed over the past year?

Northern Oil & Gas, Inc. returned +27.4% over the 12 months to 14 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.

What does Northern Oil & Gas, Inc. do?

Northern Oil and Gas, Inc. is an independent energy company focused on the acquisition and management of non-operated working interests in U.S.

What is the latest news on NOG?

The most recent item we track (Business Wire, 12 Oct 2026): "NOG Provides Third Quarter Operational Update". Northern Oil & Gas, Inc. (NOG) provided a third-quarter operational update, according to the Business Wire headline. The excerpt contains no further details about the update.

Company

About Northern Oil & Gas, Inc.

Northern Oil and Gas, Inc. is an independent energy company focused on the acquisition and management of non-operated working interests in U.S. oil and natural gas properties. Northern Oil and Gas, Inc. participates in the development and production of crude oil, natural gas, and natural gas liquids primarily through partnerships with third-party operators, allowing it to hold diversified interests across producing basins without directly running the wells. The company is active in major North American shale regions, including the Williston, Uinta, Permian, Appalachian, and Duvernay basins, where it concentrates on upstream assets and production-linked cash flow. Northern Oil and Gas, Inc. plays a specialized role in the energy market as a large public owner of non-operated upstream assets, combining scale, diversification, and a capital-light operating model to support its core business of oil and gas property investment and production exposure.

CEO Mr. Nicholas L. O'Grady · 64 employees · United States · https://www.noginc.com