NOGEnergy · Oil & Gas E&PThe 9 Wall Street analysts covering Northern Oil & Gas, Inc. hold a median 12-month price target of $29 — +8.0% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 32 of 100 as at 22 Aug 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.
Issuance (17): The company has been issuing shares or taking on financing, diluting existing holders.
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 +8.0% 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.
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 11% of US stocks
Cheaper than 62% of US stocks
Cheaper than 58% 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 14% 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 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 22 Aug 2026. None of this is personal advice — it does not consider your circumstances.
As at 22 Aug 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 +8.0% from the last close, and Ticker Nerd's factor model ranks Northern Oil & Gas, Inc. 32 out of 100 as at 22 Aug 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 +15.2% over the 12 months to 24 Aug 2026, with dividends reinvested. Past performance does not indicate future returns.
Northern Oil and Gas Inc. is an independent energy company specializing in the acquisition, exploration, exploitation, and development of oil and natural gas properties.
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 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