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NOG
Volume: 972

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

The analysis indicates a strategic shift in Northern Oil & Gas Inc.'s capital allocation, moving to a spending range of $250-300 million to support growth through FY26, despite a modest decline in front month WTI prices of 6% year-to-date. Additionally, the company is projected to maintain a robust reinvestment rate of 79% in FY26, which significantly exceeds peer medians of less than 60%. Furthermore, the anticipated leverage ratio of 1.6x at annualized 4Q26 EBITDA positions the company favorably compared to its peers, whose leverage metrics are notably lower at 0.9x.

Bears say

The financial outlook for Northern Oil & Gas has been negatively impacted by a downward revision in production estimates, with projected FY26 oil production declining to 73.9 mbbls/d, significantly lower than earlier forecasts of ~84 mbbls/d. Additionally, the company anticipates a sequential decline in production for Q3 FY25, with total production estimates reduced to 75.6 mbbls/d and 132 mboe/d from previous estimates, exacerbating concerns regarding future output. Furthermore, despite expected EV/FCF yields of 11.9% in FY25 and 9.2% in FY26, these figures still fall short when compared to the SMID peer group averages of 13.3% and 15.9%, indicating a potentially unfavorable market position.

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 Jan 12, 2026. 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: 972

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