During the last three months, 10 analysts shared their evaluations of Northern Oil & Gas NOG, revealing diverse outlooks from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 0 | 4 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 3 | 0 | 3 | 0 | 0 |
| 3M Ago | 2 | 0 | 1 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $47.9, a high estimate of $56.00, and a low estimate of $38.00. Marking an increase of 2.15%, the current average surpasses the previous average price target of $46.89.
Breaking Down Analyst Ratings: A Detailed Examination
In examining recent analyst actions, we gain insights into how financial experts perceive Northern Oil & Gas. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Noah Hungness | B of A Securities | Announces | Buy | $48.00 | - |
| Mark Lear | Piper Sandler | Raises | Neutral | $43.00 | $42.00 |
| Paul Diamond | Citigroup | Lowers | Buy | $50.00 | $55.00 |
| Neal Dingmann | Truist Securities | Raises | Buy | $56.00 | $55.00 |
| Derrick Whitfield | Stifel | Raises | Buy | $55.00 | $54.00 |
| Mark Lear | Piper Sandler | Raises | Neutral | $42.00 | $38.00 |
| Devin McDermott | Morgan Stanley | Raises | Equal-Weight | $41.00 | $38.00 |
| Neal Dingmann | Truist Securities | Lowers | Buy | $55.00 | $56.00 |
| Devin McDermott | Morgan Stanley | Lowers | Equal-Weight | $38.00 | $39.00 |
| Lloyd Byrne | Jefferies | Raises | Buy | $51.00 | $45.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Northern Oil & Gas. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Northern Oil & Gas compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Northern Oil & Gas's stock. This analysis reveals shifts in analysts' expectations over time.
For valuable insights into Northern Oil & Gas's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Northern Oil & Gas analyst ratings.
Discovering Northern Oil & Gas: A Closer Look
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: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Northern Oil & Gas showcased positive performance, achieving a revenue growth rate of 24.81% as of 31 March, 2024. 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 below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 2.17%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Northern Oil & Gas's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 0.57%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Northern Oil & Gas's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.25%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Northern Oil & Gas's debt-to-equity ratio stands notably higher than the industry average, reaching 0.97. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
How Are Analyst Ratings Determined?
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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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