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NOG
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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 Inc is positioned for substantial growth potential, with a revised capital investment plan of $250-300 million aimed at enhancing fiscal year 2026 performance, despite a marginal decline in front month WTI prices. The company anticipates a robust reinvestment rate of 79% for FY26, indicating a strong commitment to funding future developments and projects. Moreover, the projected leverage of 1.6 times annualized EBITDA for Q4 2026 remains competitive, positioned above peer medians, suggesting efficient capital management and robust financial health.

Bears say

Northern Oil & Gas, Inc. is facing a negative outlook due to a significant reduction in production estimates for FY26, projected at 73.9 mbbls/d oil and 134.3 mboe/d, which are lower than previous expectations and reflect a decline in consensus oil forecasts since early July. The company is also anticipating sequential declines in production in the third quarter of FY25, maintaining similar levels to the second quarter, which raises concerns about its growth trajectory. Furthermore, the projected stripped EV/FCF yields of 11.9% in FY25 and 9.2% in FY26 are below the peer group averages of 13.3% and 15.9%, indicating potential valuation challenges relative to its market competitors.

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 24, 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)

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