Providing a diverse range of perspectives from bullish to bearish, 12 analysts have published ratings on Northern Oil & Gas NOG in the last three months.
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 | 6 | 2 | 4 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 2 | 0 | 2 | 0 | 0 |
| 2M Ago | 1 | 1 | 1 | 0 | 0 |
| 3M Ago | 2 | 1 | 1 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $47.42, a high estimate of $56.00, and a low estimate of $38.00. Surpassing the previous average price target of $47.20, the current average has increased by 0.47%.
Diving into Analyst Ratings: An In-Depth Exploration
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 |
|---|---|---|---|---|---|
| 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 |
| 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 |
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: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Northern Oil & Gas compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Northern Oil & Gas's stock. This comparison reveals trends in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Northern Oil & Gas's market position. Stay informed and make well-informed decisions with 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).
Northern Oil & Gas: Delving into Financials
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Northern Oil & Gas displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 22.55%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Energy sector.
Net Margin: Northern Oil & Gas's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 71.2% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Northern Oil & Gas's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 22.51% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Northern Oil & Gas's ROA excels beyond industry benchmarks, reaching 8.85%. This signifies efficient management of assets and strong financial health.
Debt Management: Northern Oil & Gas's debt-to-equity ratio stands notably higher than the industry average, reaching 0.9. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
The Basics of Analyst Ratings
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a 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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