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Home › Stocks › Northern Oil and Gas Inc. (NOG) Stock Forecast & Price Prediction United States | NYSE | Energy | Oil & Gas E&P
$26.53
+0.23 (0.87%)10 Quality Stocks Worth Considering Now
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Based on our analysis of 16 Wall Street analysts, NOG has a bullish consensus with a median price target of $34.00 (ranging from $27.00 to $50.00). The overall analyst rating is Buy (7.8/10). Currently trading at $26.53, the median forecast implies a 28.2% upside. This outlook is supported by 6 Buy, 5 Hold, and 0 Sell ratings.
The most optimistic forecast comes from Paul Diamond at Citigroup, projecting a 88.5% upside. Conversely, the most conservative target is provided by Joseph McKay at Wells Fargo, suggesting a 1.8% 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.
These are the latest 20 analyst ratings and price targets for NOG.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
Apr 17, 2025 | RBC Capital | Scott Hanold | Sector Perform | Reiterates | $34.00 |
Apr 14, 2025 | RBC Capital | Scott Hanold | Sector Perform | Maintains | $34.00 |
Apr 1, 2025 | B of A Securities | Noah Hungness | Buy | Maintains | $41.00 |
Mar 27, 2025 | Morgan Stanley | Devin McDermott | Equal-Weight | Maintains | $38.00 |
Feb 25, 2025 | Citigroup | Paul Diamond | Buy | Maintains | $45.00 |
Feb 13, 2025 | RBC Capital | Scott Hanold | Sector Perform | Maintains | $40.00 |
Jan 29, 2025 | Piper Sandler | Mark Lear | Neutral | Maintains | $35.00 |
Jan 13, 2025 | Truist Securities | Neal Dingmann | Buy | Maintains | $55.00 |
Jan 10, 2025 | RBC Capital | Scott Hanold | Sector Perform | Reiterates | $45.00 |
Dec 17, 2024 | Piper Sandler | Mark Lear | Neutral | Maintains | $37.00 |
Dec 16, 2024 | Mizuho | William Janela | Neutral | Downgrade | $47.00 |
Dec 13, 2024 | Truist Securities | Neal Dingmann | Buy | Maintains | $52.00 |
Nov 20, 2024 | RBC Capital | Scott Hanold | Sector Perform | Downgrade | $45.00 |
Nov 18, 2024 | Piper Sandler | Mark Lear | Neutral | Maintains | $41.00 |
Nov 7, 2024 | Truist Securities | Neal Dingmann | Buy | Maintains | $51.00 |
Sep 30, 2024 | Truist Securities | Neal Dingmann | Buy | Maintains | $44.00 |
Sep 19, 2024 | Mizuho | William Janela | Outperform | Initiates | $47.00 |
Sep 16, 2024 | Morgan Stanley | Devin McDermott | Equal-Weight | Maintains | $39.00 |
Aug 15, 2024 | Piper Sandler | Mark Lear | Neutral | Maintains | $40.00 |
Aug 1, 2024 | Truist Securities | Neal Dingmann | Buy | Maintains | $55.00 |
The following stocks are similar to Northern Oil 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. has a market capitalization of $2.62B with a P/E ratio of 4.1x. The company generates $2.07B in trailing twelve-month revenue with a 31.3% profit margin.
Revenue growth is +12.5% quarter-over-quarter, while maintaining an operating margin of +42.5% and return on equity of +29.4%.
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Acquires and develops oil and natural gas properties.
The company operates on a non-operating model, investing in leasehold interests and royalties in oil and gas properties, primarily in North Dakota and Montana. This approach allows Northern Oil and Gas to leverage established operators' expertise, mitigating risks and capital exposure while optimizing cash flow and returns.
Northern Oil and Gas focuses on economically viable regions, particularly the Williston Basin, and plays a significant role in energy production and natural resource management. The company's strategic position enables it to adapt to market dynamics and regulatory changes in the energy sector.
Energy
Oil & Gas E&P
49
Mr. Nicholas L. O'Grady
United States
2007
The headline numbers for Northern Oil and Gas (NOG) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
NOG forecasts 2025 average daily production of 130,000-135,000 barrels of oil equivalent, with oil output expected between 75,000-79,000 barrels per day.
NOG's projected production figures indicate potential revenue growth and operational stability, influencing investor confidence and stock valuation in the energy sector.
Northern Oil and Gas (NOG) reported quarterly performance for March 2025, with key metrics to be compared against Wall Street estimates and the same quarter from the previous year.
Comparing Northern Oil and Gas's performance to estimates and previous year results provides insights into growth, profitability, and market positioning, influencing investment decisions and stock valuation.
Northern Oil and Gas, Inc. (NYSE:NOG) will hold its Q1 2025 Earnings Conference Call on April 30, 2025, at 9:00 AM ET, featuring key company executives and financial analysts.
Northern Oil and Gas's Q1 2025 earnings call provides insights into financial performance, strategic direction, and market conditions, which can influence stock valuation and investor sentiment.
NOG has announced its financial results for the first quarter of 2025. Further details are likely available in the full report.
NOG's Q1 2025 results could indicate financial health and operational performance, influencing investor sentiment and stock valuation.
NOG has declared a quarterly cash dividend of $0.45, reflecting a 12.5% increase compared to the same quarter last year.
NOG's 12.5% dividend increase signals strong financial health and confidence in future earnings, potentially attracting income-focused investors and boosting stock value.
Northern Oil and Gas (NOG) reported quarterly earnings of $1.33 per share, exceeding the Zacks estimate of $1.12, and up from $1.28 per share a year earlier.
Northern Oil and Gas beating earnings expectations indicates strong performance and potential growth, potentially boosting investor confidence and share prices.
Based on our analysis of 16 Wall Street analysts, Northern Oil and Gas Inc. (NOG) has a median price target of $34.00. The highest price target is $50.00 and the lowest is $27.00.
According to current analyst ratings, NOG has 6 Buy ratings, 5 Hold ratings, and 0 Sell ratings. The stock is currently trading at $26.53. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict NOG stock could reach $34.00 in the next 12 months. This represents a 28.2% increase from the current price of $26.53. Please note that this is a projection by Wall Street analysts and not a guarantee.
The company operates on a non-operating model, investing in leasehold interests and royalties in oil and gas properties, primarily in North Dakota and Montana. This approach allows Northern Oil and Gas to leverage established operators' expertise, mitigating risks and capital exposure while optimizing cash flow and returns.
The highest price target for NOG is $50.00 from Paul Diamond at Citigroup, which represents a 88.5% increase from the current price of $26.53.
The lowest price target for NOG is $27.00 from Joseph McKay at Wells Fargo, which represents a 1.8% increase from the current price of $26.53.
The overall analyst consensus for NOG is bullish. Out of 16 Wall Street analysts, 6 rate it as Buy, 5 as Hold, and 0 as Sell, with a median price target of $34.00.
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.
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.