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NOG
Volume: 2.09M
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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 is positioned for future growth with a projected capital expenditure of $250-300 million aimed at driving growth into FY26, showcasing a commitment to reinvestment in its operations. The company anticipates a high reinvestment rate of 79% in FY26, which indicates a strong focus on utilizing revenues to enhance production capabilities. Additionally, the expected leverage of 1.6x at annualized 4Q26 EBITDA is significantly above peer medians, suggesting a robust capacity for financial management and growth relative to industry standards.

Bears say

Northern Oil & Gas is facing a negative outlook due to a significant downward revision in production estimates, projecting 73.9 mbbls/d of oil and 134.3 mboe/d total production for FY26, compared to earlier expectations of 78.4 mbbls/d and 140.1 mboe/d. This decline is indicative of a broader trend, with sequential production declines expected in 3Q25 and a stabilization at the same level as 2Q25 in 4Q25. Furthermore, the company's forecast EV/FCF yield of 9.2% for FY26 remains below the SMID peer group average of 15.9%, highlighting concerns regarding its competitive positioning within the industry.

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 5, 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 $32.75, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $32.75, 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: 2.09M

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