Q3 EPS Estimate for Northern Oil and Gas Cut by Analyst

Northern Oil and Gas, Inc. (NYSE:NOG) – William Blair reduced their Q3 2025 earnings per share (EPS) estimates for Northern Oil and Gas in a note issued to investors on Wednesday, October 22nd. William Blair analyst N. Dingmann now forecasts that the company will post earnings per share of $0.64 for the quarter, down from their prior forecast of $0.91. 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.

Northern Oil and Gas (NYSE:NOG) last posted its quarterly earnings results on Monday, March 6th. The company reported $1.06 EPS for the quarter. The business 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 equities research analysts have also recently commented on the company. Mizuho decreased their price target on Northern Oil and Gas from $32.00 to $28.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Morgan Stanley reaffirmed an “underweight” rating and issued a $26.00 target price (down from $27.00) on shares of Northern Oil and Gas in a report on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Northern Oil and Gas in a report on Wednesday, October 8th. Citigroup reduced their target price on Northern Oil and Gas from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Monday, October 20th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $25.00 price target (down previously from $31.00) on shares of Northern Oil and Gas in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $33.00.

Northern Oil and Gas Price Performance

NYSE:NOG opened at $21.57 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 business’s 50-day simple moving average is $24.57 and its two-hundred day simple moving average is $26.27. The stock has a market cap of $2.10 billion, a PE ratio of 3.56 and a beta of 1.61. Northern Oil and Gas has a 52 week low of $19.88 and a 52 week high of $44.31.

Northern Oil and Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 29th will be given a $0.45 dividend. The ex-dividend date is Monday, September 29th. This represents a $1.80 annualized dividend and a yield of 8.3%. Northern Oil and Gas’s dividend payout ratio (DPR) is currently 29.70%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Nisa Investment Advisors LLC boosted its position in shares of Northern Oil and Gas by 19.1% during the third quarter. Nisa Investment Advisors LLC now owns 15,311 shares of the company’s stock valued at $387,000 after buying an additional 2,460 shares during the period. Tributary Capital Management LLC boosted its position in shares of Northern Oil and Gas by 146.3% during the third quarter. Tributary Capital Management LLC now owns 1,312,256 shares of the company’s stock valued at $32,544,000 after buying an additional 779,492 shares during the period. SG Americas Securities LLC boosted its position in shares of Northern Oil and Gas by 399.5% during the third quarter. SG Americas Securities LLC now owns 70,319 shares of the company’s stock valued at $1,744,000 after buying an additional 56,241 shares during the period. Range Financial Group LLC boosted its position in shares of Northern Oil and Gas by 5.3% during the third quarter. Range Financial Group LLC now owns 9,736 shares of the company’s stock valued at $241,000 after buying an additional 486 shares during the period. Finally, ZWJ Investment Counsel Inc. boosted its position in shares of Northern Oil and Gas by 27.0% during the third quarter. ZWJ Investment Counsel Inc. now owns 10,243 shares of the company’s stock valued at $254,000 after buying an additional 2,178 shares during the period. Hedge funds and other institutional investors 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.