Zacks Research Issues Optimistic Outlook for NOG Earnings

Northern Oil and Gas, Inc. (NYSE:NOG) – Research analysts at Zacks Research upped their Q3 2025 earnings estimates for Northern Oil and Gas in a report released on Wednesday, September 10th. Zacks Research analyst Team now forecasts that the company will earn $0.73 per share for the quarter, up from their prior estimate of $0.71. 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’ Q1 2026 earnings at $0.75 EPS and FY2027 earnings at $3.19 EPS.

NOG has been the topic of several other reports. Mizuho decreased their price target on shares of Northern Oil and Gas from $33.00 to $32.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 16th. Morgan Stanley downgraded shares of Northern Oil and Gas from a “positive” rating to an “underweight” rating and decreased their price target for the stock from $29.00 to $27.00 in a research note 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 research note on Monday, August 4th. Citigroup raised their price target on shares of Northern Oil and Gas from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Finally, 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 on the stock in a research note on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $36.89.

Northern Oil and Gas Stock Performance

NOG opened at $25.50 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.98. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 4.21 and a beta of 1.67. Northern Oil and Gas has a 52-week low of $19.88 and a 52-week high of $44.31. The firm’s fifty day simple moving average is $26.46 and its two-hundred day simple moving average is $27.23.

Northern Oil and Gas (NYSE:NOG) last posted its quarterly earnings data on Thursday, July 31st. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.50. The business 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 was up 26.0% compared to the same quarter last year. During the same period last year, the firm posted $1.46 earnings per share.

Northern Oil and Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 29th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 7.1%. The ex-dividend date is Monday, September 29th. Northern Oil and Gas’s dividend payout ratio (DPR) is presently 29.70%.

Institutional Investors Weigh In On Northern Oil and Gas

Hedge funds and other institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue increased its position in Northern Oil and Gas by 25.3% during the first quarter. State of Alaska Department of Revenue now owns 97,025 shares of the company’s stock worth $2,932,000 after purchasing an additional 19,586 shares during the last quarter. American Century Companies Inc. increased its position in shares of Northern Oil and Gas by 6.4% during the first quarter. American Century Companies Inc. now owns 6,953,377 shares of the company’s stock valued at $210,201,000 after acquiring an additional 415,781 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Northern Oil and Gas by 2.6% during the first quarter. Principal Financial Group Inc. now owns 494,508 shares of the company’s stock valued at $14,949,000 after acquiring an additional 12,711 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Northern Oil and Gas by 7.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,141,754 shares of the company’s stock valued at $34,515,000 after acquiring an additional 82,855 shares during the last quarter. Finally, Motley Fool Asset Management LLC increased its position in shares of Northern Oil and Gas by 21.2% during the first quarter. Motley Fool Asset Management LLC now owns 85,483 shares of the company’s stock valued at $2,584,000 after acquiring an additional 14,945 shares during the last quarter. 98.80% of the stock is currently owned by institutional investors and hedge funds.

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.