In the preceding three months, 10 analysts have released ratings for Northern Oil & Gas NOG, presenting a wide array of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 2 | 3 | 1 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 2 | 1 | 1 | 0 | 0 |
| 2M Ago | 2 | 0 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 1 | 1 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Northern Oil & Gas, presenting an average target of $44.6, a high estimate of $56.00, and a low estimate of $38.00. A decline of 9.59% from the prior average price target is evident in the current average.
Deciphering Analyst Ratings: An In-Depth Analysis
The perception of Northern Oil & Gas by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Scott Hanold | RBC Capital | Maintains | Outperform | $46.00 | - |
| Scott Gruber | Citigroup | Lowers | Buy | $45.00 | $50.00 |
| Scott Hanold | RBC Capital | Maintains | Outperform | $46.00 | - |
| Mark Lear | Piper Sandler | Lowers | Neutral | $38.00 | $39.00 |
| Neal Dingmann | Truist Securities | Lowers | Buy | $56.00 | $58.00 |
| John Freeman | Raymond James | Lowers | Strong Buy | $45.00 | $51.00 |
| Mark Lear | Piper Sandler | Lowers | Neutral | $39.00 | $44.00 |
| Derrick Whitfield | Stifel | Lowers | Buy | $52.00 | $54.00 |
| John Abbott | B of A Securities | Announces | Underperform | $39.00 | - |
| Devin McDermott | Morgan Stanley | Announces | Equal-Weight | $40.00 | - |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Northern Oil & Gas. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Northern Oil & Gas compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Northern Oil & Gas's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
To gain a panoramic view of Northern Oil & Gas's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Northern Oil & Gas analyst ratings.
All You Need to Know About Northern Oil & Gas
Northern Oil & Gas Inc is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and natural gas properties. Its principal business is crude oil and natural gas exploration, development, and production. Company's oil and natural gas sales come from three geographic areas in the United States: the Williston Basin (North Dakota and Montana), the Permian Basin (New Mexico and Texas), and the Appalachian Basin (Pennsylvania and Ohio).
Breaking Down Northern Oil & Gas's Financial Performance
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Over the 3 months period, Northern Oil & Gas showcased positive performance, achieving a revenue growth rate of 22.55% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Energy sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 71.2%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Northern Oil & Gas's ROE excels beyond industry benchmarks, reaching 22.51%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Northern Oil & Gas's ROA stands out, surpassing industry averages. With an impressive ROA of 8.85%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.9, caution is advised due to increased financial risk.
The Basics of Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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