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NOG
Volume: 2.07M

NOG Stock Forecast & Price Target

NOG Analyst Ratings

Based on 7 analyst ratings
Buy
Strong Buy 43%
Buy 0%
Hold 43%
Sell 14%
Strong Sell 0%

Bulls say

Northern Oil & Gas Inc is strategically pivoting its capital expenditure plans, now projecting a spend of $250-300 million to support growth through FY26, which reflects a proactive approach to capital management amidst fluctuating crude oil prices. The company anticipates a robust reinvestment rate of 79% for FY26, significantly higher than peer medians, indicating a strong commitment to growth and development. Additionally, with a projected leverage of 1.6x at annualized 4Q26 EBITDA, Northern Oil & Gas demonstrates financial stability and resilience compared to its peers, which have a leverage ratio below 0.9x.

Bears say

Northern Oil & Gas Inc. is facing a negative outlook due to a significant reduction in expected oil production, now projected at 73.9 mbbls/d for FY26 compared to previous estimates and a notable drop from earlier expectations of approximately 84 mbbls/d. This decline in production is compounded by the company's anticipated sequential decrease in production levels in the second half of FY25, which raises concerns about future performance. Additionally, despite projected strip EV/FCF yields of 11.9% in FY25 and 9.2% in FY26, these figures remain below the SMID peer group averages of 13.3% and 15.9%, indicating weaker relative financial performance.

NOG has been analyzed by 7 analysts, with a consensus rating of Buy. 43% of analysts recommend a Strong Buy, 0% recommend Buy, 43% suggest Holding, 14% 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 7 analysts, NOG has a Buy consensus rating as of Feb 7, 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 $29.14, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $29.14, 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: 2.07M

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