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NOG
Volume: 1.21M

NOG Stock Forecast & Price Target

NOG Analyst Ratings

Based on 9 analyst ratings
Hold
Strong Buy 22%
Buy 11%
Hold 56%
Sell 11%
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 9 analysts, with a consensus rating of Hold. 22% of analysts recommend a Strong Buy, 11% recommend Buy, 56% suggest Holding, 11% 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.

NOG Analyst Forecast & Price Prediction

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FAQs About Northern Oil and Gas (NOG) Forecast

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

According to 9 analysts, NOG has a Hold consensus rating as of Oct 29, 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 $30.67, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $30.67, 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: 1.21M

NOG Analyst Forecast & Price Prediction

Get the latest NOG stock forecast, including analyst ratings and price predictions, with real-time AI-powered fundamental data and custom analysis

Start investing in NOG

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