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NOGNOGEnergy · Oil & Gas E&P

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

Last close, 3 Aug 2026
$21
−2.27% on the day

The 9 Wall Street analysts covering Northern Oil & Gas, Inc. hold a median 12-month price target of $29 — +40.3% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 33 of 100 as at 1 Aug 2026 — in the lower half. The Street sees upside; the factor read is a caution. That gap is the story on this page.

Market cap
$2.3B
Ticker Nerd rank
33 / 100
Median analyst target
$29
Analysts covering
9
Total return, dividends reinvested
1W
+2.0%
1M
+15.2%
YTD
−0.0%
1Y
−11.1%
From 52W high
−30.4%
From 52W low
+19.0%
$17
$30
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 1 Aug 2026
33 / 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
88
Value
68
Quality
61
Revisions
60
Size
35
Volatility
34
Momentum
24
Issuance
18
Growth
9

Accruals (88): Reported profit is backed by cash, and the company is not expanding recklessly.

Growth (9): Sales and profits are flat, shrinking, or growing more slowly than they were.

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

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
$20$25$30$35Oct 25Jan 26Apr 26Jul 26NOGHigh $36Median $29Low $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.

What Wall Street says9 analysts
4 Buy4 Hold1 Sell
Low $25Median $29High $36

The green dot is the last close — the median target sits +40.3% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 0 moved their price target up and 3 moved it down.

DateFirmActionRatingTarget
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—
20 Oct 2025CitigroupMaintainsBuy—

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

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
+9.3%
Analysts raising
1
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 11% of US stocks

Price / sales
1.2×

Cheaper than 66% of US stocks

Price / book
1.2×

Cheaper than 66% of US stocks

EV / EBITDA
3.3×

Cheaper than 56% of US stocks

Growth & margins
Revenue growth (YoY)
−7.1%

Higher than 19% of US stocks

Earnings growth (YoY)
−6.2%

Higher than 30% of US stocks

Gross margin
32.9%

Higher than 41% of US stocks

Operating margin
−73.6%

Higher than 15% of US stocks

Net margin
−32.4%

Higher than 13% of US stocks

Returns & dividend
Return on equity
−29.8%

Higher than 27% of US stocks

Return on assets
4.3%

Higher than 73% of US stocks

Dividend yield
8.6%

Higher than 89% of US dividend payers

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

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.$2.3B
33
TALOTalos Energy, Inc.$2.6B
71
BKVBKV Corp.$2.6B
22
GPORGulfport Energy Corp.$2.9B
69
KOSKosmos Energy Ltd.$1.6B
27
CRGYCrescent Energy Co.$3.8B
49
CRKComstock Resources, Inc.$3.9B
21
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.

News

Latest NOG news & analysis

Analysts Estimate Northern Oil and Gas (NOG) to Report a Decline in Earnings: What to Look Out for

Zacks Investment Research · 30 July 2026negative

Zacks Investment Research reported that analysts expect Northern Oil and Gas (NOG) to post a decline in earnings in its upcoming report, and noted that the company lacks the key ingredients for a likely earnings beat.

Why it matters — NOG watchers would care because the analyst outlook suggests the company may face headwinds in its upcoming earnings results.

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 $29, with estimates ranging from $25 to $36. 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. 33 out of 100 across roughly 4,600 US stocks as at 1 Aug 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank NOG?

As at 1 Aug 2026, Northern Oil & Gas, Inc. ranks 33 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 (88 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 +40.3% from the last close, and Ticker Nerd's factor model ranks Northern Oil & Gas, Inc. 33 out of 100 as at 1 Aug 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 $36 over the next 12 months.

How has NOG stock performed over the past year?

Northern Oil & Gas, Inc. returned -11.1% over the 12 months to 3 Aug 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 specializing in the acquisition, exploration, exploitation, and development of oil and natural gas properties.

What is the latest news on NOG?

The most recent item we track (Zacks Investment Research, 30 July 2026): "Analysts Estimate Northern Oil and Gas (NOG) to Report a Decline in Earnings: What to Look Out for". Zacks Investment Research reported that analysts expect Northern Oil and Gas (NOG) to post a decline in earnings in its upcoming report, and noted that the company lacks the key ingredients for a likely earnings beat.

Company

About Northern Oil & Gas, Inc.

Northern Oil and Gas Inc. is an independent energy company specializing in the acquisition, exploration, exploitation, and development of oil and natural gas properties. Its primary functional operation is centered around the economically viable oil and gas regions, particularly in the Williston Basin, located in the United States. A distinguishing feature of Northern Oil and Gas is its unique non-operating model, where it does not operate the wells but rather invests in leasehold interests and royalties primarily across North Dakota and Montana. This strategic approach allows the company to leverage the expertise and operational efficiencies of established operators. By participating as a non-operator, the firm mitigates risk and capital exposure while focusing on optimizing cash flow and returns. Key sectors influenced by Northern Oil and Gas Inc. include energy production, petrochemical development, and natural resource management. In the landscape of the energy market, Northern Oil and Gas plays a crucial role in fueling energy demands while adapting to shifts in market dynamics and regulatory environments.

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