Analyst Scoreboard: 12 Ratings For Northern Oil & Gas


Northern Oil & Gas NOG underwent analysis by 12 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.

The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 5 2 4 1 0
Last 30D 0 0 1 0 0
1M Ago 2 1 0 0 0
2M Ago 1 1 1 0 0
3M Ago 2 0 2 1 0

In the assessment of 12-month price targets, analysts unveil insights for Northern Oil & Gas, presenting an average target of $44.58, a high estimate of $56.00, and a low estimate of $38.00. A 6.15% drop is evident in the current average compared to the previous average price target of $47.50.

Investigating Analyst Ratings: An Elaborate Study

A comprehensive examination of how financial experts perceive Northern Oil & Gas is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
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
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: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Northern Oil & Gas. This information offers a snapshot of how analysts perceive the current state of the company.
  • Rating: Gaining insights, analysts provide 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: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.

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, 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'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.

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 financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 22.51%, the company showcases efficient use of equity capital and strong financial health.

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: Northern Oil & Gas's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.9, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.

Understanding the Relevance 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.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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