Zacks Research Issues Optimistic Estimate for NOG Earnings

Northern Oil and Gas, Inc. (NYSE:NOG) – Equities researchers at Zacks Research upped their FY2025 earnings estimates for shares of Northern Oil and Gas in a research report issued to clients and investors on Wednesday, September 10th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $4.31 for the year, up from their prior forecast of $4.29. 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’ Q2 2026 earnings at $0.60 EPS, Q3 2026 earnings at $0.74 EPS, Q4 2026 earnings at $0.84 EPS, FY2026 earnings at $2.93 EPS, Q1 2027 earnings at $0.78 EPS and Q2 2027 earnings at $0.79 EPS.

Several other equities research analysts also recently commented on the stock. 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. Mizuho dropped 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. Morgan Stanley downgraded shares of Northern Oil and Gas from a “positive” rating to an “underweight” rating and lowered their price target for the stock from $29.00 to $27.00 in a report on Monday, August 18th. Piper Sandler reissued a “neutral” rating and issued a $25.00 price target (down from $31.00) on shares of Northern Oil and Gas in a report on Monday, August 4th. Finally, William Blair began coverage on shares of Northern Oil and Gas in a report on Monday, August 25th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.89.

Northern Oil and Gas Stock Performance

NYSE NOG opened at $25.75 on Thursday. The company has a fifty day moving average price of $26.55 and a 200-day moving average price of $27.28. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 4.25 and a beta of 1.67. Northern Oil and Gas has a 1 year low of $19.88 and a 1 year high of $44.31.

Northern Oil and Gas (NYSE:NOG) last issued its quarterly earnings results on Thursday, July 31st. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.50. The firm had revenue of $706.81 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.46 EPS.

Institutional Investors Weigh In On Northern Oil and Gas

A number of large investors have recently made changes to their positions in the company. Teacher Retirement System of Texas lifted its holdings in shares of Northern Oil and Gas by 2.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 14,270 shares of the company’s stock valued at $405,000 after purchasing an additional 402 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Northern Oil and Gas by 60.0% in the 1st quarter. Signaturefd LLC now owns 1,080 shares of the company’s stock valued at $33,000 after purchasing an additional 405 shares during the last quarter. Byrne Asset Management LLC lifted its holdings in shares of Northern Oil and Gas by 54.9% in the 1st quarter. Byrne Asset Management LLC now owns 1,363 shares of the company’s stock valued at $41,000 after purchasing an additional 483 shares during the last quarter. Fifth Third Bancorp increased its position in Northern Oil and Gas by 26.7% in the 1st quarter. Fifth Third Bancorp now owns 2,480 shares of the company’s stock valued at $75,000 after acquiring an additional 523 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its position in Northern Oil and Gas by 133.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 954 shares of the company’s stock valued at $27,000 after acquiring an additional 545 shares during the period. 98.80% of the stock is currently owned by institutional investors.

Northern Oil and Gas Dividend Announcement

The firm also recently disclosed 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 7.0%. The ex-dividend date is Monday, September 29th. Northern Oil and Gas’s dividend payout ratio (DPR) is presently 29.70%.

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.