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Northern Oil and Gas (NOG) Stock Forecast & Price Target

Northern Oil and Gas logo
$23.73 +0.11 (+0.48%)
Closing price 03:59 PM Eastern
Extended Trading
$23.76 +0.03 (+0.13%)
As of 05:44 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.

Northern Oil and Gas - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Sell
2
Hold
4
Buy
4

Based on 10 Wall Street analysts who have issued ratings for Northern Oil and Gas in the last 12 months, the stock has a consensus rating of "Hold." Out of the 10 analysts, 2 have given a sell rating, 4 have given a hold rating, and 4 have given a buy rating for NOG.

Consensus Price Target

$33.00
39.04% Upside
According to the 10 analysts' twelve-month price targets for Northern Oil and Gas, the average price target is $33.00. The highest price target for NOG is $36.00, while the lowest price target for NOG is $29.00. The average price target represents a forecasted upside of 39.04% from the current price of $23.73.
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
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NOG Analyst Ratings Over Time

TypeCurrent Forecast
5/22/25 to 5/22/26
1 Month Ago
4/22/25 to 4/22/26
3 Months Ago
2/21/25 to 2/21/26
1 Year Ago
5/22/24 to 5/22/25
Strong Buy
0 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
4 Buy rating(s)
3 Buy rating(s)
3 Buy rating(s)
4 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
5 Hold rating(s)
5 Hold rating(s)
Sell
2 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$33.00$32.00$29.29$40.56
Forecasted Upside39.04% Upside21.04% Upside4.02% Upside50.97% Upside
Consensus RatingHoldHoldHoldModerate Buy

NOG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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NOG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Northern Oil and Gas Stock vs. The Competition

TypeNorthern Oil and GasEnergy CompaniesBroader Market
Consensus Rating Score
2.20
2.40
2.52
Consensus RatingHoldHoldModerate Buy
Predicted Upside39.04% Upside31.41% Upside15.04% Upside
News Sentiment Rating
Positive News

See Recent NOG News
Positive News
Positive News
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside
Details
5/21/2026
John Freeman
John Freeman
4 of 5 stars
DowngradeStrong-BuyOutperform$37.00 ➝ $35.00+44.90%
5/20/2026
Johnson Rice logo
Johnson Rice
4 of 5 stars
Charles Meade
Not Rated
DowngradeAccumulateHold$36.00+44.39%
5/4/2026 DowngradeHold (C-)Sell (D+)
4/14/2026Lower TargetBuy$39.00 ➝ $36.00+38.99%
4/8/2026 Boost TargetSector Perform$30.00 ➝ $35.00+26.70%
3/27/2026 Reiterated RatingUnderweight
3/24/2026Boost TargetBuy$27.00 ➝ $32.00+12.01%
3/12/2026Boost TargetNeutral$27.00 ➝ $32.00+14.85%
1/21/2026Set Target$29.00+25.03%
8/25/2025Initiated CoverageOutperform
2/21/2025DowngradeOverweightEqual Weight
1/13/2025Boost TargetBuy$52.00 ➝ $55.00+37.74%
10/3/2024 Initiated CoverageBuy$53.00+38.20%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 05:38 PM ET.


NOG Forecast - Frequently Asked Questions

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Northern Oil and Gas is $33.00, with a high forecast of $36.00 and a low forecast of $29.00.

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Northern Oil and Gas in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NOG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NOG, but not buy additional shares or sell existing shares.

According to analysts, Northern Oil and Gas's stock has a predicted upside of 39.04% based on their 12-month stock forecasts.

Over the previous 90 days, Northern Oil and Gas's stock had 3 downgrades by analysts.

Northern Oil and Gas has been rated by research analysts at Bank of America, Citigroup, Johnson Rice, Morgan Stanley, Piper Sandler, Raymond James Financial, Royal Bank Of Canada, and Weiss Ratings in the past 90 days.

Analysts like Northern Oil and Gas less than other "energy" companies. The consensus rating score for Northern Oil and Gas is 2.20 while the average consensus rating score for "energy" companies is 2.40. Learn more on how NOG compares to other companies.


This page (NYSE:NOG) was last updated on 5/22/2026 by MarketBeat.com Staff.
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