Q3 EPS Forecast for Northern Oil and Gas Reduced by Analyst

Northern Oil and Gas, Inc. (NYSE:NOG) – Stock analysts at Capital One Financial lowered their Q3 2025 EPS estimates for Northern Oil and Gas in a research report issued on Wednesday, August 27th. Capital One Financial analyst P. Johnston now expects that the company will earn $0.85 per share for the quarter, down from their previous estimate of $0.95. 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’ Q4 2025 earnings at $0.91 EPS, Q1 2026 earnings at $0.65 EPS, Q2 2026 earnings at $0.63 EPS, Q3 2026 earnings at $0.76 EPS, Q4 2026 earnings at $0.84 EPS and FY2026 earnings at $2.87 EPS.

Several other analysts have also commented on NOG. Royal Bank Of Canada decreased their price target on shares of Northern Oil and Gas from $34.00 to $33.00 and set a “sector perform” rating for the company in a research report on Monday, July 14th. Raymond James Financial restated a “strong-buy” rating on shares of Northern Oil and Gas in a report on Tuesday, May 13th. Mizuho cut their price objective on shares of Northern Oil and Gas from $33.00 to $32.00 and set a “neutral” rating on the stock in a report on Wednesday, July 16th. Piper Sandler restated a “neutral” rating and set a $25.00 price objective (down previously from $31.00) on shares of Northern Oil and Gas in a report on Monday, August 4th. Finally, Citigroup upped their price objective on shares of Northern Oil and Gas from $34.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $36.89.

Northern Oil and Gas Stock Performance

NOG stock opened at $26.19 on Friday. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 4.32 and a beta of 1.55. The firm has a 50-day simple moving average of $27.20 and a two-hundred day simple moving average of $27.84. Northern Oil and Gas has a one year low of $19.88 and a one year high of $44.31. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.21 and a current ratio of 1.21.

Northern Oil and Gas (NYSE:NOG) last released its quarterly earnings results on Thursday, July 31st. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $0.87 by $0.50. The business had revenue of $706.81 million during the quarter, compared to analyst estimates of $555.54 million. Northern Oil and Gas had a net margin of 23.62% and a return on equity of 22.12%. The company’s quarterly revenue was up 26.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.46 earnings per share.

Hedge Funds Weigh In On Northern Oil and Gas

Several hedge funds and other institutional investors have recently bought and sold shares of NOG. DLD Asset Management LP grew its stake in shares of Northern Oil and Gas by 42.9% during the 2nd quarter. DLD Asset Management LP now owns 25,000,000 shares of the company’s stock worth $708,750,000 after purchasing an additional 7,500,000 shares during the period. Nuveen LLC acquired a new stake in shares of Northern Oil and Gas during the 1st quarter worth approximately $36,288,000. Dimensional Fund Advisors LP grew its stake in shares of Northern Oil and Gas by 30.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,298,379 shares of the company’s stock worth $129,939,000 after purchasing an additional 1,001,493 shares during the period. BW Gestao de Investimentos Ltda. acquired a new stake in shares of Northern Oil and Gas during the 1st quarter worth approximately $14,137,000. Finally, American Century Companies Inc. grew its stake in shares of Northern Oil and Gas by 6.4% during the 1st quarter. American Century Companies Inc. now owns 6,953,377 shares of the company’s stock worth $210,201,000 after purchasing an additional 415,781 shares during the period. Institutional investors and hedge funds own 98.80% of the company’s stock.

Northern Oil and Gas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 29th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.9%. The ex-dividend date is Monday, September 29th. Northern Oil and Gas’s dividend payout ratio is 29.70%.

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.