Northern Oil and Gas (NOG) Stock Forecast & Price Target

$36.81 -1.70 (-4.41%)

(As of 12/18/2024 05:45 PM ET)

Northern Oil and Gas - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 10 Analyst Ratings

Sell
0

Hold
4

Buy
6

Based on 10 Wall Street analysts who have issued ratings for Northern Oil and Gas in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 10 analysts, 4 have given a hold rating, 5 have given a buy rating, and 1 has given a strong buy rating for NOG.

Consensus Price Target

$47.20
28.23% Upside

According to the 10 analysts' twelve-month price targets for Northern Oil and Gas, the average price target is $47.20. The highest price target for NOG is $55.00, while the lowest price target for NOG is $37.00. The average price target represents a forecasted upside of 28.23% from the current price of $36.81.

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NOG Analyst Ratings Over Time

Type	Current Forecast 12/20/23 to 12/19/24	1 Month Ago 11/20/23 to 11/19/24	3 Months Ago 9/21/23 to 9/20/24	1 Year Ago 12/20/22 to 12/20/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	5 Buy rating(s)	8 Buy rating(s)	8 Buy rating(s)	8 Buy rating(s)
Hold	4 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$47.20	$47.60	$47.70	$50.22
Forecasted Upside	28.23% Upside	15.87% Upside	28.54% Upside	34.25% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy

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NOG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NOG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Northern Oil and Gas Stock vs. The Competition

Type	Northern Oil and Gas	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.70	2.63	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	28.23% Upside	1,900.75% Upside	15.36% Upside
News Sentiment Rating	Neutral News See Recent NOG News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/17/2024	Piper Sandler 2 of 5 stars		Lower Target	Neutral ➝ Neutral	$41.00 ➝ $37.00	-3.47%
12/16/2024	Mizuho 2 of 5 stars	W. Janela Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Neutral	$47.00 ➝ $47.00	+15.45%
12/13/2024	Truist Financial 2 of 5 stars		Boost Target	Buy ➝ Buy	$51.00 ➝ $52.00	+27.64%
11/20/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Hanold Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Sector Perform	$43.00 ➝ $45.00	+9.54%
10/3/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$53.00	+38.20%
9/16/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$42.00 ➝ $39.00	+12.78%
Get the Latest News and Ratings for NOG and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Northern Oil and Gas and its competitors with MarketBeat's FREE daily newsletter.
7/10/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$48.00 ➝ $49.00	+28.21%
5/3/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$55.00 ➝ $50.00	+24.19%
4/23/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$54.00 ➝ $55.00	+27.43%
1/24/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Strong-Buy ➝ Strong-Buy	$51.00 ➝ $45.00	+32.59%
12/14/2023	Johnson Rice Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Accumulate
8/21/2023	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$48.00 ➝ $54.00	+31.77%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:45 AM ET.

NOG Forecast - Frequently Asked Questions

: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Northern Oil and Gas is $47.20, with a high forecast of $55.00 and a low forecast of $37.00.
: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Northern Oil and Gas in the last year. There are currently 4 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" NOG shares.
: According to analysts, Northern Oil and Gas's stock has a predicted upside of 28.23% based on their 12-month stock forecasts.
: Over the previous 90 days, Northern Oil and Gas's stock had 2 downgrades by analysts.
: Northern Oil and Gas has been rated by research analysts at Jefferies Financial Group, Mizuho, Piper Sandler, Royal Bank of Canada, and Truist Financial in the past 90 days.
: Analysts like Northern Oil and Gas more than other "oils/energy" companies. The consensus rating score for Northern Oil and Gas is 2.70 while the average consensus rating score for "oils/energy" companies is 2.63. Learn more on how NOG compares to other companies.

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This page (NYSE:NOG) was last updated on 12/19/2024 by MarketBeat.com Staff

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Northern Oil and Gas (NOG) Stock Forecast & Price Target