Equities Analysts Offer Predictions for NOG FY2025 Earnings

Northern Oil and Gas, Inc. (NYSE:NOG) – Stock analysts at William Blair lowered their FY2025 earnings per share (EPS) estimates for shares of Northern Oil and Gas in a research note issued to investors on Wednesday, October 22nd. William Blair analyst N. Dingmann now expects that the company will post earnings per share of $4.28 for the year, down from their prior estimate of $4.54. William Blair has a “Outperform” rating on the stock. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $5.18 per share. William Blair also issued estimates for Northern Oil and Gas’ FY2026 earnings at $3.36 EPS, FY2027 earnings at $4.48 EPS, FY2028 earnings at $5.12 EPS and FY2029 earnings at $5.21 EPS.

Northern Oil and Gas (NYSE:NOG) last posted its quarterly earnings results on Monday, March 6th. The company reported $1.06 earnings per share for the quarter. The company had revenue of $319.19 million for the quarter. Northern Oil and Gas had a return on equity of 22.12% and a net margin of 23.62%.

A number of other research analysts also recently weighed in on NOG. Morgan Stanley reissued an “underweight” rating and issued a $26.00 price target (down previously from $27.00) on shares of Northern Oil and Gas in a research note on Tuesday, October 14th. Mizuho cut their price target on Northern Oil and Gas from $32.00 to $28.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. Royal Bank Of Canada cut their price target on 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Northern Oil and Gas in a research note on Wednesday, October 8th. Finally, Citigroup dropped their price objective on Northern Oil and Gas from $32.00 to $28.00 and set a “buy” rating on the stock in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Northern Oil and Gas has a consensus rating of “Hold” and an average price target of $33.00.

Northern Oil and Gas Stock Performance

NOG stock opened at $22.27 on Thursday. The business’s fifty day moving average is $24.63 and its 200-day moving average is $26.27. 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 $2.17 billion, a P/E ratio of 3.67 and a beta of 1.61. Northern Oil and Gas has a twelve month low of $19.88 and a twelve month high of $44.31.

Northern Oil and Gas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 29th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.80 annualized dividend and a dividend yield of 8.1%. Northern Oil and Gas’s dividend payout ratio (DPR) is currently 29.70%.

Institutional Trading of Northern Oil and Gas

Several hedge funds and other institutional investors have recently modified their holdings of NOG. MassMutual Private Wealth & Trust FSB raised its stake in shares of 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 purchasing an additional 545 shares during the period. UMB Bank n.a. raised its stake in shares of Northern Oil and Gas by 200.3% in the 2nd quarter. UMB Bank n.a. now owns 955 shares of the company’s stock valued at $27,000 after purchasing an additional 637 shares during the period. Pinnacle Holdings LLC acquired a new stake in shares of Northern Oil and Gas in the 1st quarter valued at about $28,000. Laurel Wealth Advisors LLC raised its stake in shares of Northern Oil and Gas by 2,736.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,021 shares of the company’s stock valued at $29,000 after purchasing an additional 985 shares during the period. Finally, Signaturefd LLC raised its stake 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 period. Institutional investors and hedge funds 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.