# Northern Oil and Gas (NOG) — Analyst Forecast

NOG · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/nog/forecast

## Analyst consensus

| Consensus | Buy | Hold | Sell | Analysts |
| --- | --- | --- | --- | --- |
| Buy | 6 | 4 | 1 | 11 |

## Price target

| Low | Average | High | Analysts |
| --- | --- | --- | --- |
| $26.00 | $29.20 | $32.00 | 5 |

Last price $25.75 (as of Oct 16, 2026).

## Recent analyst ratings

| Date | Firm | Action | Rating | Price target |
| --- | --- | --- | --- | --- |
| Oct 15, 2026 | Morgan Stanley | Maintained | Underweight | $26.00 |
| Oct 15, 2026 | Citigroup | Maintained | Buy | $32.00 |
| Oct 15, 2026 | Scotiabank | Initiated Coverage | Sector Perform | $27.00 |
| Oct 14, 2026 | Mizuho | Maintained | Neutral | $30.00 |
| Sep 10, 2026 | Raymond James | Maintained | Outperform | $31.00 |
| Jul 20, 2026 | Citigroup | Maintained | Buy | $28.00 |
| Jul 14, 2026 | Mizuho | Maintained | Neutral | $29.00 |
| Jun 29, 2026 | Morgan Stanley | Maintained | Underweight | $25.00 |
| Jun 15, 2026 | Raymond James | Maintained | Outperform | $30.00 |
| May 22, 2026 | Morgan Stanley | Maintained | Underweight | $29.00 |
| May 21, 2026 | Raymond James | Downgraded | Strong Buy → Outperform | $35.00 |
| May 20, 2026 | Johnson Rice | Downgraded | Accumulate → Hold | $36.00 |
| Apr 14, 2026 | Citigroup | Maintained | Buy | $36.00 |
| Mar 31, 2026 | Citigroup | Maintained | Buy | $39.00 |
| Mar 24, 2026 | B of A Securities | Maintained | Buy | $32.00 |
| Mar 12, 2026 | Piper Sandler | Maintained | Neutral | $32.00 |
| Mar 11, 2026 | Citigroup | Maintained | Buy | $34.00 |
| Mar 5, 2026 | Piper Sandler | Maintained | Neutral | $27.00 |
| Jan 23, 2026 | Morgan Stanley | Maintained | Underweight | $24.00 |
| Jan 20, 2026 | RBC Capital | Maintained | Sector Perform | $30.00 |

## Frequently Asked Questions

### What is the price target for NOG stock?

The average 12-month analyst price target for Northern Oil and Gas (NOG) is $29.20, with a high estimate of $32.00 and a low of $26.00, across 5 analysts.

### Is NOG a buy, sell, or hold?

Analysts covering Northern Oil and Gas currently average a Buy rating: 6 buy, 4 hold and 1 sell, from 11 analysts. Ratings reflect analyst opinion, not investment advice.

### What upside do analysts see for NOG?

The average price target of $29.20 implies 13.40% upside from the last price of $25.75.

### What is the latest analyst rating on NOG?

On Oct 15, 2026, Morgan Stanley maintained Northern Oil and Gas at Underweight with a price target of $26.00.

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Analyst ratings and price targets are the opinions of third-party research firms, not of Light Horse Securities. They are estimates about an uncertain future, are frequently wrong, and are neither a recommendation nor a prediction of actual results.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).