$36.10
1.32% today
NYSE, Dec 24, 07:10 pm CET
ISIN
US6655313079
Symbol
NOG

Northern Oil Gas Target price 2024 - Analyst rating & recommendation

Northern Oil Gas Classifications & Recommendation:

Buy
69%
Hold
31%

Northern Oil Gas Price Target

Target Price $49.21
Price $35.63
Potential
Number of Estimates 12
12 Analysts have issued a price target Northern Oil Gas 2025 . The average Northern Oil Gas target price is $49.21. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 13 analysts: 9 Analysts recommend Northern Oil Gas to buy, 4 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Northern Oil Gas stock has an average upside potential 2025 of . Most analysts recommend the Northern Oil Gas stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 1.91 2.29
3.97% 20.12%
EBITDA Margin 71.27% 70.51%
7.60% 1.06%
Net Margin 52.51% 24.90%
24.34% 52.58%

8 Analysts have issued a sales forecast Northern Oil Gas 2024 . The average Northern Oil Gas sales estimate is

$2.3b
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. This is
18.99% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$2.4b 26.12%
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, the lowest is
$2.2b 13.34%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $1.9b 3.97%
2024
$2.3b 20.12%
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2025
$2.4b 4.04%
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2026
$2.5b 2.82%
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2027
$2.6b 5.45%
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2028
$2.6b 1.66%
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12 Analysts have issued an Northern Oil Gas EBITDA forecast 2024. The average Northern Oil Gas EBITDA estimate is

$1.6b
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. This is
24.41% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$1.7b 27.17%
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, the lowest is
$1.5b 14.31%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $1.4b 11.26%
2024
$1.6b 18.85%
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2025
$1.7b 5.65%
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2026
$1.8b 3.10%
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2027
$2.0b 13.87%
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2028
$1.9b 5.31%
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EBITDA Margin

2023 71.27% 7.60%
2024
70.51% 1.06%
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2025
71.60% 1.55%
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2026
71.80% 0.28%
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2027
77.53% 7.98%
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2028
72.21% 6.86%
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8 Northern Oil Gas Analysts have issued a net profit forecast 2024. The average Northern Oil Gas net profit estimate is

$570m
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. This is
31.42% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$579m 30.37%
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, the lowest is
$557m 32.98%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $1.0b 19.40%
2024
$570m 43.04%
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2025
$498m 12.60%
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2026
$466m 6.55%
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2027
$655m 40.59%
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2028
$717m 9.45%
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Net Margin

2023 52.51% 24.34%
2024
24.90% 52.58%
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2025
20.91% 16.02%
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2026
19.01% 9.09%
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2027
25.34% 33.30%
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2028
27.29% 7.70%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 10.03 5.71
19.40% 43.07%
P/E 6.24
EV/Sales 2.39

8 Analysts have issued a Northern Oil Gas forecast for earnings per share. The average Northern Oil Gas <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$5.71
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. This is
31.45% lower
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$5.80 30.37%
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, the lowest is
$5.58 33.01%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $10.03 19.40%
2024
$5.71 43.07%
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2025
$4.99 12.61%
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2026
$4.67 6.41%
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2027
$6.56 40.47%
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2028
$7.18 9.45%
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P/E ratio

Current 4.28 12.11%
2024
6.24 45.79%
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2025
7.14 14.42%
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2026
7.64 7.00%
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2027
5.43 28.93%
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2028
4.96 8.66%
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Based on analysts' sales estimates for 2024, the Northern Oil Gas stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 2.84 11.53%
2024
2.39 15.83%
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2025
2.30 3.88%
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2026
2.23 2.74%
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2027
2.12 5.17%
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2028
2.08 1.64%
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P/S ratio

Current 1.85 11.63%
2024
1.55 15.96%
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2025
1.49 3.88%
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2026
1.45 2.74%
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2027
1.38 5.17%
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2028
1.35 1.64%
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