A Glimpse Into The Expert Outlook On Northern Oil & Gas Through 7 Analysts
Portfolio Pulse from Benzinga Insights
Northern Oil & Gas (NYSE:NOG) has been analyzed by 7 analysts, showing diverse opinions with 3 bullish, 1 somewhat bullish, 2 indifferent, and 1 somewhat bearish ratings. The average 12-month price target is $47.00, down from $50.33, with a high of $55.00 and a low of $39.00. Analysts from firms including B of A Securities, Morgan Stanley, Truist Securities, Stifel, RBC Capital, Piper Sandler, and Raymond James have provided updates, with some maintaining and others raising or lowering their price targets. The company's financials show a market cap below industry average, a recent revenue decline of -3.84%, a net margin of 5.08%, an ROE of 1.85%, an ROA of 0.66%, and a high debt-to-equity ratio of 1.46.
January 05, 2024 | 3:01 pm
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NEUTRAL IMPACT
Northern Oil & Gas has a mixed outlook from analysts, with a lowered average price target of $47.00. Financial challenges include a recent revenue decline and high debt levels.
The diverse analyst ratings and the reduction in the average price target suggest uncertainty, which could lead to a neutral short-term impact on NOG's stock price. The financial challenges highlighted, such as the revenue decline and high debt, may cause concern among investors, but the range of analyst opinions indicates that the market has not reached a consensus on the company's outlook.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100