Unveiling 8 Analyst Insights On Northern Oil & Gas
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed reviews on Northern Oil & Gas (NYSE:NOG) over the past three months, with 4 bullish, 1 somewhat bullish, 2 indifferent, and 1 somewhat bearish rating. The average 12-month price target is $47.62, down from $51.25. Recent analyst actions include adjustments to ratings and price targets by firms such as Stifel, B of A Securities, Morgan Stanley, Truist Securities, RBC Capital, Piper Sandler, and Raymond James. Northern Oil & Gas is an independent energy company with declining revenue growth and below-average profitability and efficiency metrics.
January 23, 2024 | 8:00 pm
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Northern Oil & Gas has received mixed analyst ratings with a downward revision in the average price target to $47.62. The company is facing revenue decline and has below-average profitability and efficiency metrics.
The mixed analyst ratings and the reduction in the average price target suggest a bearish outlook for NOG in the short term. The company's declining revenue and below-average financial performance metrics are likely to negatively impact investor sentiment and potentially the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100