La catena delle opzioni mostra i dati chiave delle opzioni azionarie di Northern Oil & Gas a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per Northern Oil & Gas..

Northern Oil & Gas (NYSE:NOG) Azioni, Catena delle Opzioni

Northern Oil & Gas

Northern Oil & Gas Inc is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and natural gas properties. Its principal business is crude oil and natural gas exploration, development, and production. Company's oil and natural gas sales come from three geographic areas in the United States: the Williston Basin (North Dakota and Montana), the Permian Basin (New Mexico and Texas), and the Appalachian Basin (Pennsylvania and Ohio).

Northern Oil & Gas Inc

NONGFU SPRING UNSP/ADR by NONGFU SPRING CO LTD.

Nongfu Spring Co Ltd

Nogin Inc COM NEW

Nogin Inc

Nogin Inc WT EXP

Nogin Inc Warrants (01/03/2028)

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Macquarie boosted the price target for Trip.com Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>) from $75.4 to $80.8. Macquarie analyst Ellie Jiang maintained an Outperform rating. Trip.com shares closed at $62.74 on Tuesday. <a href="https://www.benzinga.com/quote/TCOM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>RBC Capital increased the price target for Northern Oil and Gas, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOG#NYSE">NOG</a>) from $43 to $45. RBC Capital analyst Scott Hanold downgraded the stock from Outperform to Sector Perform. Northern Oil and Gas shares closed at $41.08 on Tuesday. <a href="https://www.benzinga.com/quote/NOG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Chardan Capital raised Arbutus Biopharma Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABUS#NASDAQ">ABUS</a>) price target from $4.5 to $5. Chardan Capital analyst Keay Nakae maintained a Buy rating. Arbutus Biopharma shares settled at $3.49 on Tuesday. <a href="https://www.benzinga.com/quote/ABUS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. cut Super League Enterprise, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLE#NASDAQ">SLE</a>) price target from $3 to $2. HC Wainwright &amp; Co. analyst Scott Buck maintained a Buy rating. Super League Enterprise shares closed at $0.6811 on Tuesday. <a href="https://www.benzinga.com/quote/SLE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Jefferies slashed AeroVironment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) price target from $240 to $230. Jefferies analyst Greg Konrad upgraded the stock from Hold to Buy. AeroVironment shares closed at $194.89 on Tuesday.  <a href="https://www.benzinga.com/quote/AVAV/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan boosted Energizer Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENR#NYSE">ENR</a>) price target from $32 to $39. JP Morgan analyst Andrea Teixeira upgraded the stock from Underweight to Neutral. Energizer shares closed at $37.25 on Tuesday. See how other analysts view this stock.</li>
<li>Telsey Advisory Group boosted the price target for Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) from $92 to $100. Telsey Advisory Group analyst Joseph Feldman maintained an Outperform rating. Walmart shares settled at $86.60 on Tuesday. <a href="https://www.benzinga.com/quote/WMT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Rosenblatt boosted Fortinet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) price target from $90 to $100. Rosenblatt analyst Catharine Trebnick maintained a Buy rating. Fortinet shares closed at $90.79 on Tuesday. <a href="https://www.benzinga.com/quote/FTNT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Rosenblatt increased the price target for Dolby Laboratories, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) from $98 to $100. Rosenblatt analyst Steven Frankel maintained a Buy rating. Dolby shares closed at $70.91 on Tuesday. <a href="https://www.benzinga.com/quote/DLB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird boosted Keysight Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>) price target from $163 to $180. Baird analyst Richard Eastman maintained an Outperform rating. Fortinet shares closed at $152.13 on Tuesday. <a href="https://www.benzinga.com/quote/KEYS/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/price-target/24/11/42069785/wall-streets-most-accurate-analysts-weigh-in-on-3-defensive-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Defensive Stocks With Over 5% Dividend Yields</a></li>
</ul>

News

Price Target

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

ABUS

AVAV

FTNT

KEYS

TCOM

Walmart To Rally More Than 15%? Here Are 10 Top Analyst Forecasts For Wednesday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59282ae7290fa70001853260/samantha-hoh">HSBC analyst Samantha Hoh</a> downgraded the rating for Bloom Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>) from Buy to Hold and announced a $24.5 price target. Bloom Energy shares closed at $23.75 on Tuesday. <a href="https://www.benzinga.com/quote/BE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>RBC Capital analyst Scott Hanold downgraded Northern Oil and Gas, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOG#NYSE">NOG</a>) from Outperform to Sector Perform but raised the price target from $43 to $45. Northern Oil &amp; Gas shares closed at $41.08 on Tuesday. <a href="https://www.benzinga.com/quote/NOG/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/611252c2b4035700018aa3b5/thomas-poutrieux">Exane BNP Paribas analyst Thomas Poutrieux</a> downgraded the rating for Toast, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOST#NYSE">TOST</a>) from Outperform to Neutral and announced a $37 price target. Toast shares closed at $42.50 on Tuesday. <a href="https://www.benzinga.com/quote/TOST/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst Melissa Wedel downgraded Oaktree Specialty Lending Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCSL#NASDAQ">OCSL</a>) from Overweight to Neutral and cut the price target from $17 to $15. Oaktree Specialty Lending shares closed at $15.61 on Tuesday. <a href="https://www.benzinga.com/quote/OCSL/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Exane BNP Paribas analyst Alex Faure downgraded the rating for Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) from Outperform to Neutral and announced a price target of $88. Block shares closed at $92.42 on Tuesday. <a href="https://www.benzinga.com/quote/SQ/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying SQ stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="582" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20073503/image-207-1024x582.png" alt="" class="wp-image-656791" style="width:646px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20073503/image-207-1024x582.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20073503/image-207-300x170.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20073503/image-207-768x436.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20073503/image-207.png 1181w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read More: 
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<li><a href="https://www.benzinga.com/analyst-ratings/price-target/24/11/42069785/wall-streets-most-accurate-analysts-weigh-in-on-3-defensive-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Defensive Stocks With Over 5% Dividend Yields</a></li>
</ul>

Downgrades

OCSL

TOST

This Block Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Wednesday

RBC Capital analyst Scott Hanold downgrades Northern Oil &amp; Gas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOG#NYSE">NOG</a>) from Outperform to Sector Perform and raises the price target from $43 to $45.

RBC Capital Downgrades Northern Oil & Gas to Sector Perform, Raises Price Target to $45

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector.
<h3 class="wp-block-heading">Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>)</h3>
<ul>
<li>Dividend Yield: 4.04%</li>
<li>UBS analyst Josh Silverstein maintained a Buy rating and raised the price target from $192 to $194 on Nov. 4. This analyst has an accuracy rate of 63%.</li>
<li>Truist Securities analyst Neal Dingmann maintained a Hold rating and boosted the price target from $150 to $155 on Nov. 4. This analyst has an accuracy rate of 72%.</li>
<li>Recent News: On Nov. 1, the company posted upbeat quarterly earnings.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111924&amp;t=be2bearmibe3na1">CVX news</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="910" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19051905/image-190.png" alt="" class="wp-image-654582" style="width:653px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19051905/image-190.png 910w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19051905/image-190-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19051905/image-190-768x711.png 768w" sizes="(max-width: 910px) 100vw, 910px" /></a></figure>
<h3 class="wp-block-heading">Kinder Morgan, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>)</h3>
<ul>
<li>Dividend Yield: 4.14%</li>
<li>Barclays analyst Theresa Chen maintained an Equal-Weight rating and raised the price target from $22 to $24 on Nov. 4. This analyst has an accuracy rate of 81%.</li>
<li>Wells Fargo analyst Michael Blum maintained an Overweight rating and increased the price target from $22 to $27 on Oct. 17. This analyst has an accuracy rate of 67%.</li>
<li>Recent News: On Oct. 16, Kinder Morgan reported third-quarter revenue of $3.699 billion, missing the consensus estimate of $3.975 billion, according to Benzinga Pro.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111924&amp;t=be2bearmibe3na1">latest KMI news</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="897" height="821" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19051942/image-191.png" alt="" class="wp-image-654583" style="width:735px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19051942/image-191.png 897w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19051942/image-191-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19051942/image-191-768x703.png 768w" sizes="(max-width: 897px) 100vw, 897px" /></a></figure>
<h3 class="wp-block-heading">Northern Oil and Gas, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOG#NYSE">NOG</a>)</h3>
Dividend Yield: 4.07%
<ul>
<li>Piper Sandler analyst Mark Lear maintained a Neutral rating and raised the price target from $40 to $41 on Nov. 18. This analyst has an accuracy rate of 66%.</li>
<li>Truist Securities analyst Neal Dingmann maintained a Buy rating and boosted the price target from $44 to $51 on Nov. 7. This analyst has an accuracy rate of 72%.</li>
<li>Recent News: On Nov. 5, Northern Oil &amp; Gas posted better-than-expected quarterly earnings.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111924&amp;t=be2bearmibe3na1">trend in NOG stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="921" height="827" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19052027/image-192.png" alt="" class="wp-image-654584" style="width:737px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19052027/image-192.png 921w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19052027/image-192-300x269.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19052027/image-192-768x690.png 768w" sizes="(max-width: 921px) 100vw, 921px" /></a></figure>
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</ul>

Dividends

Wall Street's Most Accurate Analysts Give Their Take On 3 Energy Stocks Delivering High-Dividend Yields

Piper Sandler analyst Mark Lear maintains Northern Oil &amp; Gas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOG#NYSE">NOG</a>) with a Neutral and raises the price target from $40 to $41.

Piper Sandler Maintains Neutral on Northern Oil & Gas, Raises Price Target to $41

Truist Securities analyst Neal Dingmann maintains Northern Oil &amp; Gas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOG#NYSE">NOG</a>) with a Buy and raises the price target from $44 to $51.

Truist Securities Maintains Buy on Northern Oil & Gas, Raises Price Target to $51

WIIM

ACDC

AESI

ARCH

AROC

CIVI

CTRA

DINO

GPOR

HNRG

INVX

KNTK

LBRT

MTDR

PARR

PTEN

SDRL

TALO

TRGP

USAC

WFRD

Shares of oil and fossil fuel companies are trading higher following the US presidential election. Investors may be weighing the potential impact of Donald Trump's energy policies on the sector.

2024 ANNUAL GUIDANCE(1)
NOG is reiterating capital expenditure and production guidance and adjusting certain line items. Production taxes are being adjusted to reflect current expectations for the remainder of the year. Natural gas realizations and oil differentials are being adjusted to reflect results experienced year-to-date. Per unit cash G&amp;A is being lowered as the Company has reduced certain external expenses and continues to benefit from increasing production volumes.
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Prior Guidance</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Revised Guidance</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Annual Production (Boe per day)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">120,000 - 124,000</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">120,000 - 124,000</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Annual Oil Production (Bbls per day)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">73,000 - 76,000</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">73,000 - 76,000</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Total Capital Expenditures ($ in millions)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$890 - $970</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$890 - $970</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net Wells Turned-in-Line ("TIL")</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">93.0 - 98.0</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">93.0 - 98.0</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net Wells Spud</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">73.0 - 78.0</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">73.0 - 78.0</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Operating Expenses and Differentials:</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Production Expenses (per Boe)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$9.15 - $9.40</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$9.15 - $9.40</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Production Taxes (as a percentage of Oil &amp; Gas Sales)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">9.0% - 9.5%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">8.5% - 9.0%(2)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Average Differential to NYMEX WTI (per Bbl)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">($4.00) - ($4.85)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">($4.00) - ($4.50)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Average Realization as a Percentage of NYMEX Henry Hub (per Mcf)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">87.5% - 92.5%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">90.0% - 95.0%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">DD&amp;A Rate (per Boe)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$16.50 - $17.50</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$16.50 - $17.50</td>
</tr>
</tbody>
</table>
</figure>

Guidance

NOG Reiterates Capital Expenditure And Production Guidance

Northern Oil &amp; Gas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOG#NYSE">NOG</a>) reported quarterly earnings of $1.40 per share which beat the analyst consensus estimate of $1.20 by 16.67 percent. This is a 19.08 percent decrease over earnings of $1.73 per share from the same period last year. The company reported quarterly sales of $513.54 million which missed the analyst consensus estimate of $542.84 million by 5.40 percent. This is a 0.37 percent increase over sales of $511.65 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Northern Oil & Gas Q3 Adj $1.40 Beats $1.20 Estimate, Sales $513.54M Miss $542.84M Estimate

Production volumes in the&nbsp;third quarter&nbsp;of 2024 are estimated to have averaged 121.6 &ndash; 121.8 MBoe per day. As expected, the Company saw significantly fewer completions quarter-over-quarter, with 9.5 wells turned-in-line.
&nbsp;The reduction in completions was offset by an increase in refrac activity and strong well performance.
&nbsp;

Northern Oil And Gas Reiterates 2024 Annual Production Guidance And Capital Expenditure Guidance

Truist Securities analyst Neal Dingmann maintains Northern Oil &amp; Gas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOG#NYSE">NOG</a>) with a Buy and lowers the price target from $55 to $44.

Truist Securities Maintains Buy on Northern Oil & Gas, Lowers Price Target to $44

EQNR

FANG

SHEL

VIST

VNOM

VTNR

Shares of oil gas companies are trading lower amid reports suggesting Saudi Arabia may raise output.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e60ff475f2b9b000113c537/adam-maeder">Piper Sandler analyst Adam Maeder</a> initiated coverage on Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) with an Overweight rating and announced a price target of $131. Abbott shares fell 2.8% to close at $114.88 on Wednesday. <a href="https://www.benzinga.com/quote/ABT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Roth MKM analyst Scott Fortune initiated coverage on Turning Point Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPB#NYSE">TPB</a>) with a Buy rating and announced a price target of $50. Turning Point Brands shares gained 0.9% to close at $39.03 on Wednesday. <a href="https://www.benzinga.com/quote/TPB/analyst-ratings">See how other analysts view this stock.</a></li>
<li>R<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/641c1355c9c7840001d30a8f/james-rollyson">aymond James analyst James Rollyson</a> initiated coverage on Helix Energy Solutions Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLX#NYSE">HLX</a>) with a Strong Buy rating and announced a price target of $14. Helix Energy shares fell 1.8% to close at $9.84 on Wednesday. <a href="https://www.benzinga.com/quote/HLX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>RBC Capital analyst Jonathan Atkin initiated coverage on Charter Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) with a Sector Perform rating and announced a price target of $345. Charter Communications shares gained 0.1% to close at $339.64 on Wednesday. <a href="https://www.benzinga.com/quote/CHTR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Mizuho analyst William Janela initiated coverage on Northern Oil and Gas, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOG#NYSE">NOG</a>) with an Outperform rating and announced a price target of $47. Northern Oil &amp; Gas shares rose 0.3% to close at $36.17 on Wednesday. <a href="https://www.benzinga.com/quote/NOG/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying ABT stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="512" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19083945/image-154-1024x512.png" alt="" class="wp-image-556133" style="width:656px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19083945/image-154-1024x512.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19083945/image-154-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19083945/image-154-768x384.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19083945/image-154.png 1325w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>

Initiation

CHTR

This Abbott Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Thursday

Mizuho analyst William Janela initiates coverage on Northern Oil &amp; Gas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOG#NYSE">NOG</a>) with a Outperform rating and announces Price Target of $47.

Mizuho Initiates Coverage On Northern Oil & Gas with Outperform Rating, Announces Price Target of $47

Across the recent three months, 6 analysts have shared their insights on Northern Oil &amp; Gas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOG#NYSE">NOG</a>), expressing a variety of opinions spanning from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $47.17, a high estimate of $55.00, and a low estimate of $39.00. This current average has decreased by 3.08% from the previous average price target of $48.67. 
<img src="https://www.benzinga.com/files/images/story/2024/1726506032_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Northern Oil &amp; Gas. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Devin McDermott</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$39.00</td>
<td>$42.00</td>
</tr>
<tr>
<td>Mark Lear</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$40.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$55.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$54.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Noah Hungness</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$49.00</td>
<td>$48.00</td>
</tr>
<tr>
<td>Scott Hanold</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$46.00</td>
<td>$46.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Northern Oil &amp; Gas. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Northern Oil &amp; Gas compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Northern Oil &amp; Gas's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Capture valuable insights into Northern Oil &amp; Gas's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/NOG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Northern Oil &amp; Gas analyst ratings.</a>
<h2>All You Need to Know About Northern Oil &amp; Gas</h2>
Northern Oil &amp; Gas Inc is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and natural gas properties. Its principal business is crude oil and natural gas exploration, development, and production. Company's oil and natural gas sales come from three geographic areas in the United States: the Williston Basin (North Dakota and Montana), the Permian Basin (New Mexico and Texas), and the Appalachian Basin (Pennsylvania and Ohio).
<h3>Northern Oil &amp; Gas's Financial Performance</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Over the 3 months period, Northern Oil &amp; Gas showcased positive performance, achieving a revenue growth rate of 34.72% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Energy sector.
Net Margin: Northern Oil &amp; Gas's net margin is impressive, surpassing industry averages. With a net margin of 24.56%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Northern Oil &amp; Gas's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 6.81%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Northern Oil &amp; Gas's ROA excels beyond industry benchmarks, reaching 2.96%. This signifies efficient management of assets and strong financial health.
Debt Management: Northern Oil &amp; Gas's debt-to-equity ratio surpasses industry norms, standing at 0.91. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Decoding 6 Analyst Evaluations For Northern Oil & Gas

Morgan Stanley analyst Devin McDermott maintains Northern Oil &amp; Gas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOG#NYSE">NOG</a>) with a Equal-Weight and lowers the price target from $42 to $39.

Morgan Stanley Maintains Equal-Weight on Northern Oil & Gas, Lowers Price Target to $39

Chevron Corporation&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cvx#NYSE">CVX</a>) subsidiary, Chevron Australia New Ventures Pty Ltd, secured a significant greenhouse gas (&quot;GHG&quot;) assessment permit for offshore Western Australia. This permit strengthens CVX&#39;s commitment to providing lower-carbon energy solutions. The company&#39;s strategic focus on carbon capture and storage (&quot;CCS&quot;) initiatives to meet the growing global demand for energy while reducing carbon emissions is also highlighted.
<h2>Overview of the G-18-AP Permit</h2>
The newly awarded G-18-AP permit covers an expansive offshore area of approximately 8,467 square kilometers, located near Onslow, Western Australia. Water depth in the area ranges from 50 meters to 1100 meters, making it a key region for CVX&#39;s exploration of carbon storage capabilities. This permit will be evaluated as part of a larger hub designed for storing third-party emissions, including those generated by CVX&#39;s liquefied natural gas (&quot;LNG&quot;) operations.
The strategic importance of this permit cannot be overstated. As part of a joint venture, CVX will hold a 70% interest, while Woodside Energy Ltd., an Australian oil and gas exploration and production company, will hold the remaining 30% stake. In addition, CVX has agreed to farm down 5% of its equity in the permit to GS Caltex of Korea, subject to regulatory approval. This partnership not only broadens CVX&#39;s operational footprint but also aligns with its objective to leverage global expertise and resources for CCS deployment.
<h2>Significance of CSS in Australia&#39;s Energy Future</h2>
CCS is increasingly recognized as a critical technology in the global push to achieve net-zero emissions by 2050. According to the International Energy Agency, achieving global net-zero goals will be virtually impossible without large-scale adoption of CCS technologies. This permit is set to play a crucial role in this context by expanding CVX&#39;s portfolio of CCS assets in Australia, alongside its existing Gorgon CCS project.
The Gorgon CCS facility, one of the world&#39;s largest integrated CCS projects, has already captured and stored 10 million tones of CO2 equivalent. The addition of this permit enhances CVX&#39;s ability to contribute significantly to global efforts, aimed at reducing greenhouse gas emissions. As a leader in this space, CVX&#39;s continued focus on CCS technologies should highlight the company&#39;s commitment to balancing energy needs with environmental responsibility.
<h2>The Role of Joint Ventures in Advancing CCS Projects</h2>
Partnerships and joint ventures are key to the success of large-scale CCS initiatives. In the case of the new permit, CVX&#39;s collaboration with Woodside Energy and GS Caltex exemplifies the importance of bringing together balancing expertise and resources. CVX&#39;s 70% stake in the permit, coupled with Woodside&#39;s 30% participation, establish a robust operational framework for evaluating and developing the area as a major carbon storage hub.
GS Caltex&#39;s potential entry into the permit, contingent on regulatory approvals, adds another layer of strategic value by expanding the partnership&#39;s reach into key markets of Asia. This alignment of interests positions the joint venture to capitalize on the growing demand for carbon storage solutions, particularly in regions that are rapidly transitioning to low-carbon economies.
<h2>Chevron&#39;s Role in Global Climate Action</h2>
Beyond this new permit, CVX&#39;s portfolio includes several other GHG assessment permits, such as G-9-AP, G-10-AP and G-11-AP. These non-operated interests complement the company&#39;s leadership in the CCS sector, providing a diversified approach to emissions management.
The strategic location of these permits in Australia is critical. Australia is home to some of the world&#39;s most advanced CCS projects. CVX&#39;s deep-rooted presence in the region reinforces its ability to develop integrated solutions that address domestic and international emissions challenges. By focusing on the development of CCS infrastructure, CVX aims to not only reduce the carbon intensity of its own operations but also offer scalable solutions that can be adopted by other industries.
<h2>Expanding CCS: Potential Benefits and Challenges</h2>
The new permit offers substantial opportunities for expanding Australia&#39;s carbon storage capacity. However, the development and deployment of CCS technologies come with benefits and challenges. The successful implementation of CCS projects can significantly reduce the amount of CO2 released into the atmosphere, aligning with global climate goals. On the other hand, the complexity of large-scale CCS operations, including regulatory hurdles, technological advancements and cost considerations, requires meticulous planning and execution.
CVX&#39;s track record in managing similar projects, such as the Gorgon CCS facility, provides a strong foundation for overcoming these challenges. With proven expertise and a comprehensive strategy, the company is well-positioned to leverage the new permit to create a lasting impact on global emissions reduction efforts.
<h2>The Future of CCS in the Global Energy Landscape</h2>
As the world transitions to a low-carbon future, CCS should play an increasingly prominent role in achieving sustainability goals. For companies like CVX, integrating CCS into its broader energy strategies is not just about meeting regulatory requirements; this is about leading the way in sustainable innovation. The permit is a testament to CVX&#39;s commitment to delivering lower-carbon energy solutions and positioning itself at the forefront of the energy transition.
Looking ahead, the success of projects like this will depend on continued collaboration across industries, supportive regulatory environments and sustained investment in technology development. As CVX and its partners move forward with evaluating the permit area, the results will likely shape future CCS initiatives and set new benchmarks for the industry.
<h2>Conclusion</h2>
CVX&#39;s newly awarded greenhouse gas assessment permit highlights the company&#39;s strategic commitment to advancing CCS as a core component of its energy transition strategy. With a focus on reducing emissions and providing scalable solutions, CVX&#39;s initiatives in Australia reflect a broader vision for a sustainable future. As the company continues to assess and develop this permit area, the long-term implications for global carbon reduction efforts will be significant.
<h2>Zacks Rank and Key Picks</h2>
Currently, CVX carries a Zacks Rank #3 (Hold).
Investors interested in the energy sector might look at some better-ranked stocks like SM Energy Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sm#NYSE">SM</a>), sporting a Zacks Rank #1 (Strong Buy) and Northern Oil and Gas, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nog#NYSE">NOG</a>) and MPLX LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mplx#NYSE">MPLX</a>), each carrying a Zacks Rank #2 (Buy), at present.
Denver, CO-based SM Energy is valued at $5.08 billion. The company currently pays a dividend of 72 cents per share, or 1.62%, on an annual basis.
SM, an independent energy company, engages in the acquisition, exploration, development and production of oil, gas and natural gas liquids in the state of Texas.
Headquartered in Minnetonka, MN, Northern Oil and Gas is valued at $3.79 billion. The company currently pays a dividend of $1.6 per share, or 4.23%, on an annual basis.
NOG is an energy company that specializes in acquiring, exploring, developing and producing crude oil and natural gas in the United States. With a focus on three major U.S. basins&mdash;the Williston, Permian and Appalachian&mdash;NOG is actively involved in various stages of the energy production process.
Findlay, OH-based MPLX LP is valued at $43.03 billion. In the past year, its shares have risen 21.5%.
<div>
MPLX owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates under two segments, namely Logistics and Storage, and Gathering and Processing.
<a href="https://www.zacks.com/stock/news/2326120/chevron-cvx-secured-new-ghg-assessment-permit-in-australia?cid=CS-BENZ-FT-analyst_blog|company_news_energy_sector-2326120">To read this article on Zacks.com click here.</a>
</div>

Large Cap

MPLX

Chevron Secured New GHG Assessment Permit in Australia

Diversified Energy Company PLC&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dec#NYSE">DEC</a>) has inked a conditional purchase and sale agreement to acquire certain operated natural gas properties from a regional operator for $68 million. The assets are located in east Texas.
Furthermore, a third-party development firm has agreed to acquire additional undeveloped acreage from the regional operator for a total consideration of $19 million. DEC has stated that it would acquire a minority 5% stake in the undeveloped acreage for $1 million.
The gross purchase price of the properties was $69 million. The deal is anticipated to be closed in the fourth quarter of 2024. Diversified Energy plans to fund a part of the acquisition by issuing new U.S.-dollar denominated ordinary shares to the regional operator. The new shares issued will amount to approximately $35 million. The remaining part will be financed via new and existing liquidity sources, supported by the collateral available due to the acquired assets.
A substantial part of the acquired properties consists of Proved Developed Producing (&quot;PDP&quot;) components. The acquisition includes an estimated 331 net PDP wells. The production from these wells contains approximately 69% gas volumes. The net production from the acquired assets is estimated to be 21 million cubic feet of gas equivalent per day (MMcfe), with an additional 70 billion cubic feet of gas equivalent (Bcfe) in PDP reserves. The PV-10 of these reserves is estimated to be $89 million.
Moreover, the acquired assets lie close to Diversified Energy&#39;s previously acquired properties. This enables the company to achieve potential synergies due to the proximity as well as operational scale. The production profile of the new assets complements DEC&#39;s existing portfolio of assets and its operational strategy. The assets are characterized by low annual production declines of around 15% for the next twelve months.
Diversified Energy states that this acquisition should expand its presence in the East Texas region, thereby improving its operational scale and margins. The company remains committed to maintaining a disciplined approach in making strategic acquisitions at compelling valuations. DEC&#39;s partnership with a development firm highlights its ability to structure transactions. It is also anticipated to add value and enhance cash flow for the company&#39;s shareholders.
<h3>Zacks Rank and Key Picks</h3>
Currently, DEC carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the energy&nbsp;sector are&nbsp;SM Energy (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sm#NYSE">SM</a>), Northern Oil and Gas, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nog#NYSE">NOG</a>) and&nbsp;MPLX LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mplx#NYSE">MPLX</a>). SM Energy presently sports a Zacks Rank #1 (Strong Buy), while Northern Oil and Gas and MPLX carry a Zacks Rank #2 (Buy) each.
SM Energy is an upstream energy firm operating in the prolific Midland Basin and the South Texas regions. For 2024, the company expects its production to increase from the prior-year reported figure, signaling a bright production outlook.
Northern Oil and Gas is an independent upstream company involved in the acquisition, exploration and production of oil and natural gas assets. Its operations are concentrated in three leading basins of the United States, namely the Williston, Permian and the Appalachian Basin. The company has recently acquired additional assets in the Uinta Basin that are driving growth by expanding its asset base and increasing its production.&nbsp;
MPLX LP owns and operates a wide range of midstream assets. The partnership&#39;s midstream assets include oil and natural gas gathering systems and transportation pipelines for crude, natural gas and refined petroleum products. MPLX is least exposed to commodity price fluctuations as it generates stable fee-based revenues. Furthermore, it surpasses its industry peers in terms of distribution yield, reflecting its commitment to returning capital to its unitholders.
<a href="https://www.zacks.com/stock/news/2325051/diversified-energy-dec-acquires-east-texas-assets-worth-69m?cid=CS-BENZ-FT-analyst_blog|company_news_energy_sector-2325051">To read this article on Zacks.com click here.</a>

Mid Cap

Small Cap

Diversified Energy Acquires East Texas Assets Worth $69M

Northern Oil &amp; Gas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOG#NYSE">NOG</a>) underwent analysis by 6 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $48.67, a high estimate of $55.00, and a low estimate of $40.00. Observing a downward trend, the current average is 2.66% lower than the prior average price target of $50.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1723723317_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
A comprehensive examination of how financial experts perceive Northern Oil &amp; Gas is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mark Lear</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$40.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$55.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$54.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Noah Hungness</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$49.00</td>
<td>$48.00</td>
</tr>
<tr>
<td>Scott Hanold</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$46.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>Noah Hungness</td>
<td>B of A Securities</td>
<td>Announces</td>
<td>Buy</td>
<td>$48.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Northern Oil &amp; Gas. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Northern Oil &amp; Gas compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Northern Oil &amp; Gas's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Northern Oil &amp; Gas's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/NOG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Northern Oil &amp; Gas analyst ratings.</a>
<h2>All You Need to Know About Northern Oil &amp; Gas</h2>
Northern Oil &amp; Gas Inc is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and natural gas properties. Its principal business is crude oil and natural gas exploration, development, and production. Company's oil and natural gas sales come from three geographic areas in the United States: the Williston Basin (North Dakota and Montana), the Permian Basin (New Mexico and Texas), and the Appalachian Basin (Pennsylvania and Ohio).
<h3>Northern Oil &amp; Gas: Delving into Financials</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Northern Oil &amp; Gas's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 34.72%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Energy sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Northern Oil &amp; Gas's net margin excels beyond industry benchmarks, reaching 24.56%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Northern Oil &amp; Gas's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 6.81% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Northern Oil &amp; Gas's ROA stands out, surpassing industry averages. With an impressive ROA of 2.96%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: With a high debt-to-equity ratio of 0.91, Northern Oil &amp; Gas faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

6 Analysts Have This To Say About Northern Oil & Gas

Piper Sandler analyst Mark Lear maintains Northern Oil &amp; Gas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOG#NYSE">NOG</a>) with a Neutral and lowers the price target from $45 to $40.

Piper Sandler Maintains Neutral on Northern Oil & Gas, Lowers Price Target to $40

Northern Oil And Gas ( ($NOG) ) has released its Q3 earnings. Here is a breakdown of the information Northern Oil And Gas presented to its investor...

Northern Oil and Gas Reports Record Production and Strong Q3 Results

Hilton Grand Vacations Non-GAAP EPS of $0.67 misses by $0.05, revenue of $1.3B beats by $10M

Citi raised the firm's price target on Northern Oil and Gas (NOG) to $50 from $46 and keeps a Buy rating on the shares. The company reported Q3 ear...

Northern Oil and Gas price target raised to $50 from $46 at Citi

Analyst Paul Diamond CFA from Citi maintained a Buy rating on Northern Oil And Gas (NOG – Research Report) and increased the price target to $50.00...

Northern Oil and Gas: Strong Financial Performance and Future Growth Potential Justify Buy/High Risk Rating

High Yield Oil And Gas Ranked By Relative Quality

Piper Sandler raised the firm's price target on Northern Oil and Gas (NOG) to $41 from $40 and keeps a Neutral rating on the shares. The firm adjus...

Northern Oil and Gas price target raised to $41 from $40 at Piper Sandler

RBC Capital analyst Scott Hanold downgraded Northern Oil and Gas (NOG) to Sector Perform from Outperform with a price target of $45, up from $43. P...

Northern Oil downgraded to Sector Perform from Outperform at RBC Capital

RBC Capital downgraded Northern Oil and Gas (NOG) to Sector Perform from Outperform with a price target of $45, up from $43. The firm is constructi...

Northern Oil and Gas cut to Sector Perform at RBC Capital on valuation

The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need...

Target downgraded, Chewy upgraded: Wall Street's top analyst calls

Northern Oil and Gas cut at RBC, seeing fewer near-term M&A opportunities

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Press Releases

NOG Provides Shareholder Return Update; Plans Mid-Year Increase to Quarterly Dividend

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Point Energy Partners II Completes $1.1 Billion Sale to Vital Energy

NOG Closes Point Acquisition

NOG Closes Uinta Basin Acquisition

NOG Schedules Third Quarter 2024 Earnings Release and Conference Call

NOG Provides Third Quarter 2024 Operational Update

NOG Announces Third Quarter 2024 Results, Achieves Record Oil Production

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