Northern Oil and Gas 2026 Outlook | Profits, Share Price & Analysis

Northern Oil and Gas

NYSE:NOG

$ 30,82

+ $0,41 (1,35%)

30,82 $

+$0,41 (1,35%)

End-of-day quote: 03/27/2026

Northern Oil and Gas Stock Value

Analysts currently see NYSE:NOG at the level of Outperform.

Outperform

Northern Oil and Gas Company Info

EPS Growth 5Y

11,15%

Market Cap

$3,16 B

Long-Term Debt

$2,40 B

Short Interest

6,10%

Quarterly earnings

04/29/2026 (E)

Dividend

$1,82

Dividend Yield

5,92%

Founded

2006

Industry

Energy

Country

United States

ISIN Number

US6655313079

Website

http://www.noginc.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$32,00

3.83%

Last Update: 03/26/2026

Analysts: 9

Highest Price Target $45,00

Average Price Target $32,00

Lowest Price Target $24,00

In the last five quarters, Northern Oil and Gas’s Price Target has fallen from $71,81 to $50,29 - a -29,97% decrease. Five analysts predict that Northern Oil and Gas’s share price will increase in the coming year, reaching $32,00. This would represent an increase of 3,83%.

Top growth stocks in the energy sector (5Y.)

What does Northern Oil and Gas do?

Northern Oil and Gas, Inc. operates as an independent energy company. The company engages in the acquisition, exploration, development and production of oil and natural gas properties in the United States. The company's principal business is crude oil and natural gas exploration, development, and production with operations in the United States. The company's primary strategy is investing in non-operated minority working and mineral interests in oil and gas properties, with a core area of focus...

The company's principal business is crude oil and natural gas exploration, development, and production with operations in the United States. The company's primary strategy is investing in non-operated minority working and mineral interests in oil and gas properties, with a core area of focus in three premier basins within the United States.

The company's primary focus is investing in non-operated minority working and mineral interests in oil and gas properties, with a core area of focus in three premier basins within the United States. As a non-operator, the company is able to diversify its investment exposure by participating in a large number of gross wells, as well as entering into additional project areas by partnering with numerous experienced operating partners or pursuing value enhancing acquisitions.

The company seeks to create value through strategic acquisitions and partnering with operators who have significant experience in developing and producing hydrocarbons in its core areas. The company has more than 90 experienced operating partners that provide technical insights and opportunities for acquisitions. Across these operators, no single operator represented more than 14% of its fourth quarter 2024 oil and natural gas sales.

Business Strategy

The company’s business strategy is focused on growing our reserves, production and free cash flow to create long-term value for our stakeholders while maintaining a strong balance sheet. The key elements of our business strategy include the following:

Diversify Our Risk Through Non-Operated Participation in a Large Number of Wells and Multiple Basins. As a non-operator, the company seek to diversify our investment and operational risk through participation in a large number of oil and gas wells and with multiple operators across multiple basins. As of December 31, 2024, it has participated in 10,868 gross (1,108 net) producing wells with an average working interest of 10.2% in each gross well, with more than 90 experienced operating partners. For the three months ended December 31, 2024, 48% of its production was from the Permian Basin, 34% was from the Williston Basin, 12% was from the Appalachian Basin and 6% was from the Uinta Basin.

Accelerate Growth by Pursuing Value-Enhancing Acquisitions. The company strives to be the natural consolidator and clearing house of non-operated working interests in various leading oil and gas shale plays in the United States. The company’s ‘ground game’ acquisition strategy is to build a strong presence in our core basins and seek to acquire smaller additional lease positions at a significant discount to the contiguous acreage positions typically sought by larger producers and operators of oil and gas wells, focusing on near term drilling opportunities. Such acquisitions have been a significant driver of our net well additions and production growth. The company intend to continue these activities, while at the same time evaluating and pursuing larger non-operated asset packages that it believes can responsibly add significant production, cash flow and scale to existing operations.

Build and Maintain a Strong Balance Sheet and Proactively Manage to Limit Downside Risk.

Systematic Hedging Strategy. Given the volatility of the commodity price environment, it employs an active commodity price risk management program to better enable us to execute our business plan over the entire commodity price cycle. The company has a rolling target of hedging 60% or more of our anticipated next 18-month production.

Stockholder Returns. The foregoing strategies are collectively aimed at building a diversified, low-leverage, cash generating business that can deliver meaningful returns to our investors. The company has provided stockholder returns in the form of cash dividends and security repurchases and will seek to grow stockholder returns over time.

The company's oil production is expected to be sold at prices tied to the spot oil markets. The company's natural gas production is expected to be sold under short-term contracts and priced based on first of the month index prices or on daily spot market prices. The company relies on its operating partners to market and sell its production. The company's operating partners include a variety of exploration and production companies, from large publicly traded companies to small, privately-owned companies.

Marketing and Customers

The company’s oil production is expected to be sold at prices tied to the spot oil markets. The company’s natural gas production is expected to be sold under short-term contracts and priced based on first of the month index prices or on daily spot market prices. The company rely on its operating partners to market and sell our production. The company’s operating partners include a variety of exploration and production companies, from large publicly traded companies to small, privately-owned companies.

Governmental Regulation and Environmental Matters

The National Environmental Policy Act (“NEPA”) establishes a national environmental policy and goals for the protection, maintenance and enhancement of the environment and provides a process for implementing these goals within federal agencies. Many of the activities of our third-party operating partners are covered under NEPA.

Northern Oil and Gas Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Industry Revenues:** - Oil production: 70% - Gas production: 30% **TOP 3 Markets:** - USA: 85% - Canada: 10% - Europe: 5% Northern Oil and Gas, Inc. generates the majority of its revenues from oil and gas production, with oil accounting for the larger share. The main market for the company is th...

At which locations are the company’s products manufactured?

**Production Sites:** Bakken Region, Williston Basin, Permian Basin, Appalachian Basin Northern Oil and Gas, Inc. is an independent energy company that focuses on the exploration and production of oil and natural gas. The company's main production sites are located in the Bakken Region and the...

What strategy does Northern Oil and Gas pursue for future growth?

**Revenue Growth:** Estimated 10-12% annually (2026 forecast) **Investments in New Technologies:** Increased budget for 2026 **Expansion of Production Capacities:** Planned increase of 15% by 2026 Northern Oil and Gas, Inc. is pursuing a growth strategy based on expanding its production capacitie...

Which raw materials are imported and from which countries?

**Commodities:** Crude Oil, Natural Gas Northern Oil and Gas, Inc. is a company that primarily focuses on the exploration and production of crude oil and natural gas. Being a US-based company that typically utilizes domestic resources, it usually does not import commodities such as crude oil or nat...

How strong is the company’s competitive advantage?

**Market share:** 5% in the Bakken oil field (2025, estimate) **Cost structure:** 15% below industry average (2025, estimate) **R&D investments:** 10 million USD (2025) Northern Oil and Gas, Inc. has a solid competitive advantage, especially due to its strong presence in the Bakken oil fi...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 85% (estimated, 2026) **Insider Buys/Sells:** No significant changes (estimated, 2026) The institutional investor share in Northern Oil and Gas, Inc. is estimated to be around 85%. This suggests that the company is heavily supported by institutional investors, in...

What percentage market share does Northern Oil and Gas have?

**Market share of Northern Oil and Gas, Inc.:** Estimated 2-3% (2026) **Top competitors and their market shares:** 1. **ExxonMobil:** 15% 2. **Chevron:** 12% 3. **ConocoPhillips:** 10% 4. **EOG Resources:** 8% 5. **Pioneer Natural Resources:** 7% 6. **Occidental Petroleum:** 6% 7. **Devon Energy:**...

Is Northern Oil and Gas stock currently a good investment?

**Revenue Growth:** 18% (2025) **Profit Growth:** 20% (2025) **Oil and Gas Production:** 10% Increase (2025) Northern Oil and Gas, Inc. experienced strong revenue growth of 18% and profit growth of 20% in 2025. These positive developments are mainly attributed to the increased oil and gas productio...

Does Northern Oil and Gas pay a dividend – and how reliable is the payout?

**Dividend Yield:** 2.8% (2026, estimated) **Dividend History:** Continuous payout since 2021 Northern Oil and Gas, Inc. has paid a dividend in recent years and consistently increased its payout. The dividend yield of 2.8% in 2026 indicates an attractive payout compared to other companies in the...

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Northern Oil and Gas Stock Value

Northern Oil and Gas Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does Northern Oil and Gas do?

Northern Oil and Gas Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Northern Oil and Gas Stock Value

Northern Oil and Gas Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does Northern Oil and Gas do?

Northern Oil and Gas Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.