On May 23, 2025, B of A Securities analyst Noah Hungness announced an update on Northern Oil & Gas (NOG, Financial). The firm has maintained its "Buy" rating for the company while raising the price target significantly.
The latest price target adjustment for Northern Oil & Gas (NOG, Financial) has been set at $33.00 USD, marking an increase from the previous price target of $29.00 USD. This adjustment represents a 13.79% enhancement in the price target.
B of A Securities' decision to maintain its "Buy" rating reflects continued confidence in Northern Oil & Gas (NOG, Financial) despite the volatile energy market landscape. This update could potentially influence investor sentiment and trading patterns for NOG in upcoming sessions.
Investors and market watchers will be keenly observing how Northern Oil & Gas (NOG, Financial) performs in alignment with the newly adjusted price target, as set by B of A Securities.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Northern Oil & Gas Inc (NOG, Financial) is $36.41 with a high estimate of $50.00 and a low estimate of $27.00. The average target implies an upside of 35.91% from the current price of $26.79. More detailed estimate data can be found on the Northern Oil & Gas Inc (NOG) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, Northern Oil & Gas Inc's (NOG, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Northern Oil & Gas Inc (NOG, Financial) in one year is $37.48, suggesting a upside of 39.9% from the current price of $26.79. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Northern Oil & Gas Inc (NOG) Summary page.
