Throughout the last three months, 7 analysts have evaluated Northern Oil & Gas NOG, offering a diverse set of opinions from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 0 | 5 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 0 | 2 | 0 | 0 |
| 2M Ago | 0 | 0 | 2 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $45.43, with a high estimate of $52.00 and a low estimate of $37.00. This current average has increased by 2.25% from the previous average price target of $44.43.
Investigating Analyst Ratings: An Elaborate Study
A clear picture of Northern Oil & Gas's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below 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 |
|---|---|---|---|---|---|
| Scott Hanold | RBC Capital | Maintains | Sector Perform | $45.00 | $45.00 |
| Mark Lear | Piper Sandler | Lowers | Neutral | $37.00 | $41.00 |
| William Janela | Mizuho | Maintains | Neutral | $47.00 | $47.00 |
| Neal Dingmann | Truist Securities | Raises | Buy | $52.00 | $51.00 |
| Scott Hanold | RBC Capital | Raises | Sector Perform | $45.00 | $43.00 |
| Mark Lear | Piper Sandler | Raises | Neutral | $41.00 | $40.00 |
| Neal Dingmann | Truist Securities | Raises | Buy | $51.00 | $44.00 |
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: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Northern Oil & Gas compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Northern Oil & Gas's stock. This comparison reveals trends in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Northern Oil & Gas's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Northern Oil & Gas analyst ratings.
Get to Know Northern Oil & Gas Better
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 Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Positive Revenue Trend: Examining Northern Oil & Gas's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 0.38% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower 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 57.9%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Northern Oil & Gas's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 13.62%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Northern Oil & Gas's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 6.1%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Northern Oil & Gas's debt-to-equity ratio surpasses industry norms, standing at 0.84. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
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.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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