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NOG
Volume: 1.4M

NOG Stock Forecast & Price Target

NOG Analyst Ratings

Based on 8 analyst ratings
Buy
Strong Buy 50%
Buy 0%
Hold 38%
Sell 13%
Strong Sell 0%

Bulls say

Northern Oil & Gas has demonstrated a significant shift in its capital expenditure strategy, pivoting from an anticipated spending of $250-300 million aimed at driving growth in FY26, while maintaining resilience despite a year-to-date decline of only 6% in front month WTI crude oil prices. The company is projected to achieve a robust reinvestment rate of 79% in FY26, indicating a strong commitment to growth and expansion within its operations. Furthermore, Northern Oil & Gas is expected to maintain leverage at 1.6x annualized EBITDA by 4Q26, which is notably higher than its peer medians, reflecting its aggressive growth focus and competitive positioning in the energy sector.

Bears say

Northern Oil & Gas is projected to experience a significant decrease in oil production, with estimates for FY26 revised down to 73.9 mbbls/d, compared to initial expectations of around 84 mbbls/d. The company's estimated EV/FCF yield for FY25 and FY26 at 11.9% and 9.2%, respectively, is notably lower than the SMID peer group averages of 13.3% and 15.9%, suggesting less attractiveness in comparison to competitors. Additionally, the expectation of sequential production decline in 3Q25 and stagnation in 4Q25 further contributes to a negative outlook regarding the company's performance in the near term.

NOG has been analyzed by 8 analysts, with a consensus rating of Buy. 50% of analysts recommend a Strong Buy, 0% recommend Buy, 38% suggest Holding, 13% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Northern Oil and Gas and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Northern Oil and Gas (NOG) Forecast

Analysts have given NOG a Buy based on their latest research and market trends.

According to 8 analysts, NOG has a Buy consensus rating as of Dec 30, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $33, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $33, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Northern Oil and Gas (NOG)

Volume: 1.4M

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