Capital One Financial Predicts NOG FY2025 Earnings

Northern Oil and Gas, Inc. (NYSE:NOG) – Capital One Financial raised their FY2025 earnings per share estimates for Northern Oil and Gas in a research report issued on Thursday, May 1st. Capital One Financial analyst P. Johnston now forecasts that the company will post earnings of $5.02 per share for the year, up from their previous estimate of $5.01. Capital One Financial has a “Equal Weight” rating on the stock. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $5.18 per share. Capital One Financial also issued estimates for Northern Oil and Gas’ FY2026 earnings at $4.17 EPS.

Northern Oil and Gas (NYSE:NOG) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.21. Northern Oil and Gas had a return on equity of 24.41% and a net margin of 23.38%. The business had revenue of $602.10 million for the quarter, compared to analysts’ expectations of $568.87 million. During the same period last year, the firm earned $1.28 earnings per share. The business’s quarterly revenue was up 51.9% on a year-over-year basis.

Several other brokerages have also recently weighed in on NOG. Truist Financial boosted their price target on shares of Northern Oil and Gas from $52.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Citigroup decreased their price objective on Northern Oil and Gas from $55.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, February 25th. Royal Bank of Canada dropped their target price on Northern Oil and Gas from $40.00 to $34.00 and set a “sector perform” rating on the stock in a research report on Monday, April 14th. Piper Sandler cut their price objective on shares of Northern Oil and Gas from $37.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Finally, Morgan Stanley decreased their price objective on shares of Northern Oil and Gas from $43.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Northern Oil and Gas presently has a consensus rating of “Hold” and a consensus price target of $43.50.

Northern Oil and Gas Stock Performance

NOG opened at $25.43 on Friday. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 4.95 and a beta of 1.49. The company has a fifty day moving average of $26.74 and a 200 day moving average of $34.46. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.23 and a current ratio of 0.92. Northern Oil and Gas has a fifty-two week low of $19.88 and a fifty-two week high of $44.31.

Northern Oil and Gas announced that its Board of Directors has approved a stock repurchase program on Tuesday, March 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 3.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Northern Oil and Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Friday, June 27th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, June 27th. This represents a $1.80 annualized dividend and a yield of 7.08%. Northern Oil and Gas’s dividend payout ratio (DPR) is currently 28.04%.

Insider Activity at Northern Oil and Gas

In other Northern Oil and Gas news, CEO Nicholas L. O’grady acquired 1,000 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was bought at an average cost of $27.48 per share, for a total transaction of $27,480.00. Following the completion of the transaction, the chief executive officer now owns 226,189 shares of the company’s stock, valued at approximately $6,215,673.72. The trade was a 0.44 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Bahram Akradi acquired 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of $28.03 per share, with a total value of $1,121,200.00. Following the completion of the transaction, the director now directly owns 1,662,016 shares in the company, valued at approximately $46,586,308.48. The trade was a 2.47 % increase in their position. The disclosure for this purchase can be found here. 2.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Northern Oil and Gas

A number of hedge funds have recently made changes to their positions in NOG. Vanguard Group Inc. boosted its stake in shares of Northern Oil and Gas by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 11,273,298 shares of the company’s stock valued at $418,916,000 after purchasing an additional 166,501 shares during the period. American Century Companies Inc. grew its position in shares of Northern Oil and Gas by 3.9% during the fourth quarter. American Century Companies Inc. now owns 6,537,596 shares of the company’s stock worth $242,937,000 after acquiring an additional 243,531 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Northern Oil and Gas by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,296,886 shares of the company’s stock worth $122,507,000 after buying an additional 68,631 shares during the last quarter. Copeland Capital Management LLC increased its holdings in shares of Northern Oil and Gas by 0.9% in the fourth quarter. Copeland Capital Management LLC now owns 2,114,909 shares of the company’s stock valued at $78,590,000 after purchasing an additional 18,195 shares during the period. Finally, Channing Capital Management LLC raised its position in Northern Oil and Gas by 26.8% during the 4th quarter. Channing Capital Management LLC now owns 1,766,623 shares of the company’s stock worth $65,648,000 after buying an additional 373,917 shares during the last quarter. Hedge funds and other institutional investors own 98.80% of the company’s stock.

About Northern Oil and Gas

Northern Oil and Gas, Inc, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. It primarily holds interests in the Williston Basin, the Appalachian Basin, and the Permian Basin in the United States.