FY2026 EPS Forecast for Northern Oil and Gas Cut by Analyst

Northern Oil and Gas, Inc. (NYSE:NOG) – Investment analysts at Zacks Research lowered their FY2026 earnings per share (EPS) estimates for Northern Oil and Gas in a note issued to investors on Tuesday, May 13th. Zacks Research analyst N. Choudhury now expects that the company will post earnings per share of $4.03 for the year, down from their prior estimate of $4.58. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $5.18 per share. Zacks Research also issued estimates for Northern Oil and Gas’ FY2027 earnings at $4.58 EPS.

A number of other analysts have also commented on NOG. Raymond James reissued a “strong-buy” rating on shares of Northern Oil and Gas in a research note on Tuesday. Mizuho cut their price target on Northern Oil and Gas from $35.00 to $33.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Morgan Stanley cut their price target on Northern Oil and Gas from $43.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 27th. Piper Sandler cut their price target on Northern Oil and Gas from $34.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Finally, Bank of America lowered their price objective on Northern Oil and Gas from $48.00 to $41.00 and set a “buy” rating for the company in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Northern Oil and Gas has an average rating of “Hold” and an average target price of $40.56.

Northern Oil and Gas Stock Performance

Shares of NOG stock opened at $28.43 on Friday. The business’s 50-day moving average price is $26.36 and its 200-day moving average price is $33.74. Northern Oil and Gas has a 12 month low of $19.88 and a 12 month high of $44.31. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 5.53 and a beta of 1.47. The company has a current ratio of 0.92, a quick ratio of 1.23 and a debt-to-equity ratio of 1.02.

Northern Oil and Gas (NYSE:NOG) last announced 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 firm had revenue of $602.10 million for the quarter, compared to analyst estimates of $568.87 million. During the same period last year, the firm posted $1.28 earnings per share. The business’s revenue for the quarter was up 51.9% on a year-over-year basis.

Institutional Investors Weigh In On Northern Oil and Gas

A number of hedge funds have recently added to or reduced their stakes in the business. Avior Wealth Management LLC increased its holdings in Northern Oil and Gas by 23.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,372 shares of the company’s stock worth $51,000 after purchasing an additional 259 shares in the last quarter. First Horizon Advisors Inc. grew its stake in Northern Oil and Gas by 9.1% in the fourth quarter. First Horizon Advisors Inc. now owns 3,473 shares of the company’s stock valued at $129,000 after acquiring an additional 289 shares during the period. Avantax Advisory Services Inc. grew its stake in Northern Oil and Gas by 2.3% in the fourth quarter. Avantax Advisory Services Inc. now owns 13,112 shares of the company’s stock valued at $487,000 after acquiring an additional 298 shares during the period. Summit Investment Advisors Inc. grew its stake in Northern Oil and Gas by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 10,378 shares of the company’s stock valued at $386,000 after acquiring an additional 329 shares during the period. Finally, Legato Capital Management LLC grew its stake in Northern Oil and Gas by 5.8% in the fourth quarter. Legato Capital Management LLC now owns 6,383 shares of the company’s stock valued at $237,000 after acquiring an additional 349 shares during the period. 98.80% of the stock is currently owned by institutional investors.

Insider Transactions at Northern Oil and Gas

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

Northern Oil and Gas announced that its Board of Directors has approved a share buyback plan on Tuesday, March 11th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to buy up to 3.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Northern Oil and Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Friday, June 27th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, June 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.33%. Northern Oil and Gas’s dividend payout ratio (DPR) is 28.04%.

Northern Oil and Gas Company Profile

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.