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NOG Stock Forecast 2026-2027
$24.72
Current Price
$2.60B
Market Cap
Buy 6
Hold 4
Sell 1
Wall St Analyst Ratings
Distance to NOG Price Targets
+82.0%
To High Target of $45.00
+43.6%
To Median Target of $35.50
+13.3%
To Low Target of $28.00
NOG Price Momentum
-3.7%
1 Week Change
-14.3%
1 Month Change
+7.1%
1 Year Change
+15.1%
Year-to-Date Change
-24.2%
From 52W High of $32.62
+22.5%
From 52W Low of $20.18
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Latest NOG Stock Price Targets & Analyst Predictions
Based on our analysis of 16 Wall Street analysts, NOG has a bullish consensus with a median price target of $35.50 (ranging from $28.00 to $45.00). The overall analyst rating is Buy (7.6/10). Currently trading at $24.72, the median forecast implies a 43.6% upside. This outlook is supported by 6 Buy, 4 Hold, and 1 Sell ratings.
The most optimistic forecast comes from Paul Diamond at Citigroup, projecting a 82.0% upside. Conversely, the most conservative target is provided by Paul Diamond at Citigroup, suggesting a 13.3% upside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
NOG Analyst Ratings
6
Buy
4
Hold
1
Sell
NOG Price Target Range
Low
$28.00
Average
$35.50
High
$45.00
Current: $24.72
Latest NOG Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for NOG.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Apr 14, 2026 | Citigroup | Paul Diamond | Buy | Maintains | $36.00 |
| Mar 31, 2026 | Citigroup | Paul Diamond | Buy | Maintains | $39.00 |
| Mar 24, 2026 | B of A Securities | Noah Hungness | Buy | Maintains | $32.00 |
| Mar 12, 2026 | Piper Sandler | Mark Lear | Neutral | Maintains | $32.00 |
| Mar 11, 2026 | Citigroup | Paul Diamond | Buy | Maintains | $34.00 |
| Mar 5, 2026 | Piper Sandler | Mark Lear | Neutral | Maintains | $27.00 |
| Jan 23, 2026 | Morgan Stanley | Devin McDermott | Underweight | Maintains | $24.00 |
| Jan 20, 2026 | RBC Capital | Scott Hanold | Sector Perform | Maintains | $30.00 |
| Dec 12, 2025 | Mizuho | William Janela | Neutral | Maintains | $30.00 |
| Oct 20, 2025 | Citigroup | Paul Diamond | Buy | Maintains | $28.00 |
| Oct 14, 2025 | Morgan Stanley | Devin McDermott | Underweight | Maintains | $26.00 |
| Sep 15, 2025 | Mizuho | William Janela | Neutral | Maintains | $28.00 |
| Aug 25, 2025 | William Blair | Neal Dingmann | Outperform | Initiates | $N/A |
| Aug 21, 2025 | Raymond James | Strong Buy | Maintains | $N/A | |
| Aug 18, 2025 | Morgan Stanley | Devin McDermott | Underweight | Downgrade | $27.00 |
| Aug 4, 2025 | Piper Sandler | Mark Lear | Neutral | Maintains | $25.00 |
| Jul 17, 2025 | Piper Sandler | Mark Lear | Neutral | Maintains | $31.00 |
| Jul 16, 2025 | Mizuho | William Janela | Neutral | Maintains | $32.00 |
| Jul 14, 2025 | RBC Capital | Scott Hanold | Sector Perform | Maintains | $33.00 |
| Jul 9, 2025 | Citigroup | Paul Diamond | Buy | Maintains | $38.00 |
Northern Oil and Gas Inc. (NOG) Competitors
The following stocks are similar to NOG based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Northern Oil and Gas Inc. (NOG) Financial Data
Northern Oil and Gas Inc. has a market capitalization of $2.60B with a P/E ratio of 62.9x. The company generates $1.96B in trailing twelve-month revenue with a 2.0% profit margin.
Revenue growth is -17.1% quarter-over-quarter, while maintaining an operating margin of +56.1% and return on equity of +1.7%.
Valuation Metrics
Market Cap
$2.60B
Enterprise Value
$4.76B
P/E Ratio
62.9x
PEG Ratio
-0.3x
Price/Sales
1.3x
Growth & Margins
Revenue Growth (YoY)
-17.1%
Gross Margin
+21.3%
Operating Margin
+56.1%
Net Margin
+2.0%
EPS Growth
-17.9%
Financial Health
Cash/Price Ratio
+0.6%
Current Ratio
1.1x
Debt/Equity
112.7x
ROE
+1.7%
ROA
+11.2%
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Northern Oil and Gas Inc. (NOG) Business Model
About Northern Oil and Gas Inc.
What They Do
Specializes in oil and gas property investments.
Business Model
The company operates on a non-operating model, investing in leasehold interests and royalties in oil and gas properties, primarily in the Williston Basin. By partnering with established operators, Northern Oil and Gas minimizes risk and capital exposure while focusing on optimizing cash flow and returns.
Additional Information
Northern Oil and Gas is involved in energy production, petrochemical development, and natural resource management, adapting to market dynamics and regulatory changes to meet energy demands.
Company Information
Sector
Energy
Industry
Oil & Gas E&P
Employees
49
CEO
Mr. Nicholas L. O'Grady
Country
United States
IPO Year
2007
Website
www.noginc.comNorthern Oil and Gas Inc. (NOG) Latest News & Analysis
Latest News
Quick Summary
Northern Oil and Gas, Inc. (NYSE: NOG) will release Q1 2026 financial results on April 28, 2026, after market close, followed by a conference call on April 29 at 8:00 a.m. CT.
Why It Matters
Northern Oil and Gas is set to release Q1 2026 results, indicating upcoming performance insights that could impact stock valuation and investor sentiment.
Source: Business Wire
Market Sentiment:
Neutral
NOG Publishes 2025 ESG Report
10 days ago
Quick Summary
Northern Oil and Gas, Inc. (NYSE: NOG) released its 2025 ESG Report, featuring a third-party cybersecurity assessment and climate hazard analysis, available on its website.
Why It Matters
Northern Oil and Gas's ESG Report highlights its commitment to sustainability and cybersecurity, which can enhance reputation and attract socially-conscious investors, potentially impacting stock performance.
Source: Business Wire
Market Sentiment:
Neutral
Quick Summary
Energy stocks have begun to rise, influenced by a market rerating, following increased oil prices due to recent U.S. and Israel actions against Iran.
Why It Matters
The surge in oil prices following geopolitical tensions may lead to a rerating of energy stocks, reflecting their potential for higher profitability and attracting investor interest.
Source: Market Watch
Market Sentiment:
Positive
Quick Summary
Northern Oil and Gas (NOG) reported earnings 30 days ago; investors may want to watch for upcoming developments and stock performance trends.
Why It Matters
NOG's recent earnings report may influence investor sentiment, affecting stock performance and future expectations for growth, profitability, and market position.
Source: Zacks Investment Research
Market Sentiment:
Positive
Quick Summary
Northern Oil and Gas, Inc. (NYSE: NOG) has launched a public offering of $200 million in common stock, with a 30-day option for underwriters to buy an additional $30 million.
Why It Matters
Northern Oil and Gas is raising $200 million through a stock offering, potentially diluting existing shares. Market response will impact stock price and investor sentiment.
Source: Business Wire
Market Sentiment:
Neutral
Quick Summary
Northern Oil and Gas, Inc. (NYSE: NOG) priced a public offering of 7,207,208 shares, with a 30-day option for underwriters to buy an additional 1,081,081 shares. Closing is expected on March 13, 2026.
Why It Matters
Northern Oil and Gas is raising capital through a stock offering, which may dilute existing shares but could also finance growth or investments. Market reaction will depend on investor sentiment regarding these factors.
Source: Business Wire
Market Sentiment:
Neutral
Frequently Asked Questions About NOG Stock
What is Northern Oil and Gas Inc.'s (NOG) stock forecast for 2026?
Based on our analysis of 16 Wall Street analysts, Northern Oil and Gas Inc. (NOG) has a median price target of $35.50. The highest price target is $45.00 and the lowest is $28.00.
Is NOG stock a good investment in 2026?
According to current analyst ratings, NOG has 6 Buy ratings, 4 Hold ratings, and 1 Sell ratings. The stock is currently trading at $24.72. Always conduct your own research and consider your investment goals before making investment decisions.
What is the long-term price prediction for NOG stock?
Wall Street analysts predict NOG stock could reach $35.50 in the next 12 months. This represents a 43.6% increase from the current price of $24.72. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is Northern Oil and Gas Inc.'s business model?
The company operates on a non-operating model, investing in leasehold interests and royalties in oil and gas properties, primarily in the Williston Basin. By partnering with established operators, Northern Oil and Gas minimizes risk and capital exposure while focusing on optimizing cash flow and returns.
What is the highest forecasted price for NOG Northern Oil and Gas Inc.?
The highest price target for NOG is $45.00 from Paul Diamond at Citigroup, which represents a 82.0% increase from the current price of $24.72.
What is the lowest forecasted price for NOG Northern Oil and Gas Inc.?
The lowest price target for NOG is $28.00 from Paul Diamond at Citigroup, which represents a 13.3% increase from the current price of $24.72.
What is the overall NOG consensus from analysts for Northern Oil and Gas Inc.?
The overall analyst consensus for NOG is bullish. Out of 16 Wall Street analysts, 6 rate it as Buy, 4 as Hold, and 1 as Sell, with a median price target of $35.50.
How accurate are NOG stock price projections?
Stock price projections, including those for Northern Oil and Gas Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
Important Disclaimer
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Last updated: April 21, 2026 3:28 AM UTC