Northern Oil & Gas (NOG) Update - Feb 13

Post Reply
dan_s
Posts: 34471
Joined: Fri Apr 23, 2010 8:22 am

Northern Oil & Gas (NOG) Update - Feb 13

Post by dan_s »

NOG is currently trading for $34.38.

TipRanks: "In the last 3 months, 7 ranked analysts set 12-month price targets for NOG. The average price target among the analysts is $45.71. The 7 price targets range from $38.00 to $60.00". All 7 analysts rate NOG a BUY.

I have updated my forecast/valuation model for NOG and it will be posted to the EPG website this afternoon. My valuation adjusts from $62 to $58 per share, primarily because I have lowered my valuation multiple to just 3.5 X 2022 to 2024 annualized operating cash flow per share. NOG is going to report very strong Q4 results, but I want to see their detailed guidance for 2023, including an update on the Mascot Project Acquisition.
Dan Steffens
Energy Prospectus Group
Post Reply