NOGEnergy · Oil & Gas E&PThe 9 Wall Street analysts covering Northern Oil & Gas, Inc. hold a median 12-month price target of $29 — +11.9% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 32 of 100 as at 5 Sept 2026 — in the lower half. The Street sees upside; the factor read is a caution. That gap is the story on this page.
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.
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): 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.
The bullish and bearish analyst opinions on NOG, reported as data — targets and ratings, the market's view beside the model's.
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
The green dot is the last close — the median target sits +11.9% from it.
Of the 20 most recent actions, 0 moved their price target up and 3 moved it down.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 20 July 2026 | Citigroup | Maintains | Buy | $36 → $28 |
| 20 July 2026 | Citigroup | Maintains | Buy | — |
| 14 July 2026 | Mizuho | Maintains | Neutral | $31 → $29 |
| 14 July 2026 | Mizuho | Maintains | Neutral | — |
| 29 June 2026 | Morgan Stanley | Maintains | Underweight | $29 → $25 |
| 29 June 2026 | Morgan Stanley | Maintains | Underweight | — |
| 15 June 2026 | Raymond James | Maintains | Outperform | — |
| 22 May 2026 | Morgan Stanley | Maintains | Underweight | — |
| 21 May 2026 | Raymond James | Downgrade | Outperform | — |
| 20 May 2026 | Johnson Rice | Downgrade | Hold | — |
| 14 Apr 2026 | Citigroup | Maintains | Buy | — |
| 31 Mar 2026 | Citigroup | Maintains | Buy | — |
| 24 Mar 2026 | B of A Securities | Maintains | Buy | — |
| 12 Mar 2026 | Piper Sandler | Maintains | Neutral | — |
| 11 Mar 2026 | Citigroup | Maintains | Buy | — |
| 5 Mar 2026 | Piper Sandler | Maintains | Neutral | — |
| 23 Jan 2026 | Morgan Stanley | Maintains | Underweight | — |
| 20 Jan 2026 | RBC Capital | Maintains | Sector Perform | — |
| 12 Dec 2025 | Mizuho | Maintains | Neutral | — |
| 20 Oct 2025 | Citigroup | Maintains | Buy | — |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
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.
Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 4 Sept 2026, Northern Oil & Gas, Inc. returned +7.3% against +20.0% for the S&P 500, dividends included.
Download this chart as an image — free to reuse; link this page as the source.
Data provided by Twelve Data
Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.
A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.
Cheaper than 10% of US stocks
Cheaper than 63% of US stocks
Cheaper than 61% of US stocks
Cheaper than 54% of US stocks
Higher than 64% of US stocks
Higher than 87% of US stocks
Higher than 57% of US stocks
Higher than 98% of US stocks
Higher than 15% of US stocks
Higher than 30% of US stocks
Higher than 74% of US stocks
Higher than 87% of US dividend payers
Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.
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 $2.8B 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.
Trailing P/E: 68.9×; forward P/E: 5.9× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 6.95%, paying out 462% of earnings.
Northern Oil & Gas, Inc. employs 64 people — $33.7M of revenue per employee.
Data provided by Twelve Data
The nearest names by industry and size, scored by the same model — like for like.
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 →
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.
Zacks Investment Research examined Northern Oil & Gas, Inc. (NOG), noting its low valuation and strong free cash flow are appealing, but the company's leverage, commodity price exposure, and reliance on operators create a balanced risk profile.
Why it matters — NOG watchers would care because the analysis highlights the trade-off between the company's attractive valuation and cash flow against its financial leverage and commodity and operator risks.
Seeking Alpha reports that Northern Oil and Gas, a non-operator oil & gas company, trades at a significant discount with a 7%+ dividend yield and robust free cash flow. The company reported Q2 2026 free cash flow of $159M, up 26% year-over-year, with management guiding to up to $500M for 2026 and expanding buyback capacity. Risks cited include commodity price swings and limited operational control under its non-operated model.
Why it matters — NOG watchers would note the company's discounted valuation, strong free cash flow growth, and expanded buyback capacity as notable signals for the stock's outlook, offset by commodity-price and operational-control risks.
NOG announced a proposed $500 million private offering of senior notes, as reported by Business Wire from Minneapolis.
Why it matters — A NOG watcher would care because this proposed debt offering signals the company's capital-raising activity and potential changes to its financing structure.
Northern Oil and Gas (NOG) reported second-quarter earnings that beat analyst estimates but declined year over year. Q2 earnings and sales surpassed expectations as natural gas production surged, though weaker gas prices weighed on profits.
Why it matters — NOG watchers would note that the company beat quarterly estimates on surging natural gas production despite lower gas prices pressuring profitability.
The 9 Wall Street analysts covering Northern Oil & Gas, Inc. have a median 12-month price target of $29, with estimates ranging from $25 to $35. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
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. 32 out of 100 across roughly 4,600 US stocks as at 5 Sept 2026. None of this is personal advice — it does not consider your circumstances.
As at 5 Sept 2026, Northern Oil & Gas, Inc. ranks 32 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).
No one can know that. What the data says: the median 12-month target from 9 analysts implies +11.9% from the last close, and Ticker Nerd's factor model ranks Northern Oil & Gas, Inc. 32 out of 100 as at 5 Sept 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.
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 $35 over the next 12 months.
Northern Oil & Gas, Inc. returned +7.3% over the 12 months to 4 Sept 2026, with dividends reinvested. Past performance does not indicate future returns.
Northern Oil and Gas, Inc. is an independent energy company focused on the acquisition and management of non-operated working interests in U.S.
The most recent item we track (Business Wire, 19 Aug 2026): "NOG Announces Pricing of $500 Million Private Offering of Senior Notes". NOG announced the pricing of a $500 million private offering of senior notes, as reported by Business Wire. The announcement was made from Minneapolis.
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
