Analysts have recently shared varying opinions on Northern Oil & Gas (NYSE:NOG), with a mix of bullish, somewhat bullish, and indifferent sentiments. Over the past 30 days, there have been no bullish ratings, one somewhat bullish rating, and no indifferent or bearish ratings. Looking back at the ratings from 1 month ago, there was one bullish rating, while 3 months ago, there were 4 bullish ratings.
In terms of price targets, analysts have set a 12-month average target of $48.44 for Northern Oil & Gas, with a high estimate of $56.00 and a low estimate of $41.00. This average target has seen a slight increase of 0.92% from the previous average of $48.00.
Taking a closer look at recent analyst actions, we see that Scott Hanold from RBC Capital maintains an outperform rating with a price target of $46.00. Noah Hungness from B of A Securities has announced a buy rating with a price target of $48.00. Mark Lear from Piper Sandler has raised the rating to neutral with a price target of $43.00. Conversely, Paul Diamond from Citigroup has lowered the rating to buy with a price target of $50.00.
Analyzing these analyst insights can provide valuable information for investors looking to understand the current market sentiment towards Northern Oil & Gas. It is important to consider the analysts’ actions, ratings, and price targets in conjunction with the company’s financial metrics to make informed investment decisions.
Northern Oil & Gas is an independent energy company focused on the acquisition, exploration, development, and production of crude oil and natural gas properties. The company operates in three main geographic areas in the United States: the Williston Basin, the Permian Basin, and the Appalachian Basin.
When looking at financial insights for Northern Oil & Gas, we see that the company’s market capitalization is below industry benchmarks, indicating potential constraints in size. The company has shown positive revenue growth of approximately 24.81% as of March 31, 2024, outperforming others in the Energy sector. However, the company’s net margin, return on equity (ROE), return on assets (ROA), and debt-to-equity ratio all present challenges in achieving strong profitability and efficient asset utilization.
Overall, investors should consider a holistic view of analyst ratings, financial metrics, and market trends when evaluating Northern Oil & Gas as a potential investment opportunity. By staying informed and conducting thorough research, investors can make data-driven decisions in the ever-evolving market landscape.