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Northern Oil & Gas Inc has a consensus price target of $45.63 based on the ratings of 16 analysts. The high is $55 issued by Truist Securities on August 1, 2024. The low is $30 issued by B of A Securities on October 14, 2021. The 3 most-recent analyst ratings were released by Mizuho, Morgan Stanley, and Piper Sandler on September 19, 2024, September 16, 2024, and August 15, 2024, respectively. With an average price target of $42 between Mizuho, Morgan Stanley, and Piper Sandler, there's an implied 13.30% 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 Mizuho on September 19, 2024. The analyst firm set a price target for $47.00 expecting NOG to rise to within 12 months (a possible 26.79% upside). 32 analyst firms have reported ratings in the last year.
The latest analyst rating for Northern Oil & Gas (NYSE:NOG) was provided by Mizuho, and Northern Oil & Gas initiated their outperform 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 January 5, 2024 when B of A Securities changed their price target from N/A to $39 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 September 19, 2024 so you should expect the next rating to be made available sometime around September 19, 2025.
While ratings are subjective and will change, the latest Northern Oil & Gas (NOG) rating was a initiated with a price target of $0.00 to $47.00. The current price Northern Oil & Gas (NOG) is trading at is $37.07, which is within the analyst’s predicted range.
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