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Northern Oil & Gas Inc has a consensus price target of $46.93 based on the ratings of 14 analysts. The high is $55 issued by Stifel on April 23, 2024. The low is $35 issued by Wells Fargo on July 11, 2022. The 3 most-recent analyst ratings were released by RBC Capital, Piper Sandler, and Truist Securities on November 20, 2024, November 18, 2024, and November 7, 2024, respectively. With an average price target of $45.67 between RBC Capital, Piper Sandler, and Truist Securities, there's an implied 9.80% upside for Northern Oil & Gas Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Northern Oil & Gas (NYSE:NOG) was reported by RBC Capital on November 20, 2024. The analyst firm set a price target for $45.00 expecting NOG to rise to within 12 months (a possible 8.20% upside). 36 analyst firms have reported ratings in the last year.
The latest analyst rating for Northern Oil & Gas (NYSE:NOG) was provided by RBC Capital, and Northern Oil & Gas downgraded their sector perform rating.
The last upgrade for Northern Oil & Gas Inc happened on March 15, 2022 when Johnson Rice raised their price target to $50. Johnson Rice previously had an accumulate for Northern Oil & Gas Inc.
The last downgrade for Northern Oil & Gas Inc happened on November 20, 2024 when RBC Capital changed their price target from $43 to $45 for Northern Oil & Gas Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Northern Oil & Gas, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Northern Oil & Gas was filed on November 20, 2024 so you should expect the next rating to be made available sometime around November 20, 2025.
While ratings are subjective and will change, the latest Northern Oil & Gas (NOG) rating was a downgraded with a price target of $43.00 to $45.00. The current price Northern Oil & Gas (NOG) is trading at is $41.59, which is out of the analyst’s predicted range.
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