Northern Oil Stock Target Price and Analyst Consensus

NOG Stock  USD 42.64  0.11  0.26%   
The current analyst and expert consensus on Northern Oil is Strong Buy, with 7 strong buy opinions. The current projected Northern Oil target price consensus is 51.17 with 12 analyst opinions. The most common way Northern Oil Gas analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Northern Oil executives and customers to further validate their buy or sell advice. Northern Oil buy-or-sell recommendation module provides average expert sentiment on the projected Northern Oil Gas target price to derive its highest and lowest estimates based on its projected price volatility. Check out Macroaxis Advice on Northern Oil to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
Lowest Forecast
46.56
Highest Forecast
56.8
Target Price
51.17
The Northern Oil's current Gross Profit is estimated to increase to about 959.6 M. The Northern Oil's current Pretax Profit Margin is estimated to increase to 0.55. At this time, Northern Oil's Total Stockholder Equity is most likely to increase significantly in the upcoming years. The Northern Oil's current Net Debt is estimated to increase to about 1.9 B, while Accumulated Other Comprehensive Income is forecasted to increase to (2.1 B).
  
It's important to approach Northern Oil's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.

Northern Oil Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Northern target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Northern Oil's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   12  Strong Buy
Most Northern analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Northern stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Northern Oil Gas, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Northern Oil Target Price Projection

Northern Oil's current and average target prices are 42.64 and 51.17, respectively. The current price of Northern Oil is the price at which Northern Oil Gas is currently trading. On the other hand, Northern Oil's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Northern Oil Market Quote on 15th of April 2024

Low Price42.26Odds
High Price43.29Odds

42.64

Target Price

Analyst Consensus On Northern Oil Target Price

Low Estimate46.56Odds
High Estimate56.8Odds

51.17

Historical Lowest Forecast  46.56 Target Price  51.17 Highest Forecast  56.8
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Northern Oil Gas and the information provided on this page.

Northern Oil Analyst Ratings

Northern Oil's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Northern Oil stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Northern Oil's financials, market performance, and future outlook by experienced professionals. Northern Oil's historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Northern Oil price targets

Northern Oil's stock target price is an estimate of its future price, usually made by analysts. Using Northern Oil's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Northern Oil's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Northern Oil's stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Northern Oil Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Northern Oil is a key component of Northern Oil valuation and have some predictive power on the future returns of a Northern Oil.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Northern Oil's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
41.2842.8144.34
Details
Intrinsic
Valuation
LowRealHigh
38.3849.1150.64
Details
Earnings
Estimates (0)
LowProjected EPSHigh
1.031.161.32
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Northern Oil. Your research has to be compared to or analyzed against Northern Oil's peers to derive any actionable benefits. When done correctly, Northern Oil's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Northern Oil Gas.

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When determining whether Northern Oil Gas is a strong investment it is important to analyze Northern Oil's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Northern Oil's future performance. For an informed investment choice regarding Northern Stock, refer to the following important reports:
Check out Macroaxis Advice on Northern Oil to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Northern Oil's price analysis, check to measure Northern Oil's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Northern Oil is operating at the current time. Most of Northern Oil's value examination focuses on studying past and present price action to predict the probability of Northern Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northern Oil's price. Additionally, you may evaluate how the addition of Northern Oil to your portfolios can decrease your overall portfolio volatility.
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The data published in Northern Oil's official financial statements usually reflect Northern Oil's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Northern Oil Gas. For example, before you start analyzing numbers published by Northern accountants, it's critical to develop an understanding of what Northern Oil's liquidity, profitability, and earnings quality are in the context of the Oil, Gas & Consumable Fuels space in which it operates.
Please note, the presentation of Northern Oil's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Northern Oil's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Northern Oil's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Northern Oil Gas. Please utilize our Beneish M Score to check the likelihood of Northern Oil's management manipulating its earnings.