Northern Oil & Gas NOG underwent analysis by 11 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 1 | 3 | 1 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 2 | 0 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 1 | 0 |
| 3M Ago | 3 | 1 | 1 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $47.36, a high estimate of $56.00, and a low estimate of $39.00. This current average has decreased by 7.39% from the previous average price target of $51.14.
Deciphering Analyst Ratings: An In-Depth Analysis
The standing of Northern Oil & Gas among financial experts is revealed through an in-depth exploration 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 |
|---|---|---|---|---|---|
| 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 | - |
| Neal Dingmann | Truist Securities | Maintains | Buy | $55.00 | - |
| Derrick Whitfield | Stifel | Raises | Buy | $54.00 | $53.00 |
| Scott Hanold | RBC Capital | Maintains | Outperform | $46.00 | - |
| Mark Lear | Piper Sandler | Raises | Neutral | $44.00 | $43.00 |
| John Freeman | Raymond James | Lowers | Strong Buy | $51.00 | $55.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Northern Oil & Gas. This information provides a snapshot of how analysts perceive 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: Analysts provide insights into price targets, offering estimates for the future value of Northern Oil & Gas's stock. This comparison reveals trends in analysts' expectations over time.
Capture valuable insights into Northern Oil & Gas's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic 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, exploitation, development, and production of crude oil and natural gas properties. Its principal business is crude oil and natural gas exploration, development, and production with operations in North Dakota and Montana that primarily target the Bakken and Three Forks formations in the Williston Basin of the United States.
Northern Oil & Gas's Financial Performance
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, Northern Oil & Gas faced challenges, resulting in a decline of approximately -3.84% in revenue growth as of 30 September, 2023. This signifies a reduction in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Energy sector.
Net Margin: Northern Oil & Gas's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 5.08%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Northern Oil & Gas's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 1.85%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Northern Oil & Gas's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.66%, 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 1.46. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
How Are Analyst Ratings Determined?
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
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.
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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