Analyst Ratings For Northern Oil & Gas
Portfolio Pulse from Benzinga Insights
Northern Oil & Gas (NYSE:NOG) has been analyzed by 11 analysts, showing a mix of bullish to bearish sentiments. The average 12-month price target is now $47.36, down 7.39% from $51.14. Analyst actions include lowering and maintaining ratings, with price targets adjusted accordingly. Northern Oil & Gas, an independent energy company, faces challenges such as a decline in revenue growth (-3.84%), below-average net margin (5.08%), and high debt-to-equity ratio (1.46), indicating potential financial leverage concerns.
February 16, 2024 | 3:00 pm
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NEUTRAL IMPACT
Northern Oil & Gas faces mixed analyst sentiments, with a downward revision in the average price target to $47.36. Financial challenges include revenue decline, low net margin, and high debt-to-equity ratio.
The mixed analyst ratings and the downward revision in price targets reflect uncertainty and potential challenges for Northern Oil & Gas. The financial performance indicators such as revenue decline, low net margin, and high debt-to-equity ratio further contribute to a cautious outlook. However, the presence of bullish sentiments among some analysts suggests that there are also positive factors at play, leading to a neutral short-term impact score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100