Stock Price & Analysis

Analysis and Insights

Technical Analysis:

NOG's stock price has shown volatility but is currently trading near key support levels. The Relative Strength Index (RSI) is at 66.16, indicating the stock is not oversold, and the Fibonacci support levels suggest a potential bounce.

Valuation Analysis:

With a current price of $30.11 and an average analyst target price of $45.35, NOG offers a significant upside potential of 50.61%. This suggests analysts are optimistic about the stock's future performance.

Sentiment and Analyst Ratings:

Analysts have a Moderate Buy consensus on NOG, with targets ranging from $34 to $55. Recent insider buying activity, including purchases by the CEO, indicates confidence in the stock's rebound potential.

Conclusion:

Given the strong upside potential, positive insider sentiment, and analyst optimism, buy NOG stock as it is well-positioned for long-term growth despite short-term market volatility.

Price Prediction for NOG Stock in 2025

The price target for Northern Oil and Gas (NOG) stock in 2025 is expected to reach $45.00, driven by positive insider sentiment and strong company fundamentals. Analysts maintain a Moderate Buy consensus with an average price target of $45.35, indicating a potential upside of 50.61% from the current share price of $30.11. The stock's technical indicators, such as the Fibonacci pivot at $29.69, suggest a bullish setup, while insider buying activity reflects confidence in the company's long-term prospects.

The S1 support level for NOG Stock is $29.56 ,The R1 resistant level for NOG Stock is $31.34.

As of the end of day on 2025-04-02, the price of NOG Stock was $30.6.

The target price for NOG Stock according to analyst rating is 44.85, with the highest price target at 58.00 and the lowest at 34.00. Analysts have a Moderate Buy rating on NOG Stock overall.

The market cap of NOG is $3.0B.

NOG is currently trading at $30.67, with an average analyst price target of $45.35, suggesting 48% upside potential. Its P/E ratio of 6.45 and EV/EBITDA of 4.18x indicate undervaluation compared to industry peers. The company's revenue has grown steadily, with Q4 2024 revenue at $549.2 million, and it maintains a strong dividend yield of 4.57%. Insider buying activity, including recent purchases by executives, signals confidence in its prospects. While oil market challenges exist, NOG's fundamentals and analyst sentiment suggest it is not overvalued.

Northern Oil and Gas, Inc. is a real asset company that focuses on acquiring and investing in non-operated minority working and mineral interests in the hydrocarbon producing basins within the contiguous United States. Its principal business is crude oil and natural gas exploration, development, and production with operations in the United States. Its 272,251-acre portfolio is distributed across the Williston, Permian, and Appalachia Basins. Its portfolio comprises about 272,251 acres of low-breakeven lands with over 9,765 wells. Diversified by basin and across commodity type, its wells are operated by over 100 public and private operators. It primarily engages in oil and natural gas exploration and production by participating on a proportionate basis alongside third-party interests in wells drilled and completed in spacing units that include its acreage. In addition, it acquires wellbore-only working interests in wells. It also owns the Utica and Northern Delaware Basin assets.

Northern Oil & Gas (NOG) is expected to reach a price target of $47.71 by 2030, supported by strong analyst sentiment and positive insider activity. The stock currently trades at $30.67, with an average analyst target of $45.35, representing a 50.61% upside. Analysts have raised their targets, citing confidence in the company's strategy and fundamentals.

NOG has a total of 38 employees.