Capital One Financial Brokers Cut Earnings Estimates for NOG

Northern Oil and Gas, Inc. (NYSE:NOG) – Capital One Financial dropped their Q4 2026 earnings estimates for Northern Oil and Gas in a report released on Tuesday, October 28th. Capital One Financial analyst P. Johnston now expects that the company will earn $0.86 per share for the quarter, down from their previous estimate of $0.87. 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’ FY2027 earnings at $3.03 EPS.

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

Other analysts have also issued reports about the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Northern Oil and Gas in a report on Wednesday, October 8th. Piper Sandler restated a “neutral” rating and issued a $25.00 price objective (down from $31.00) on shares of Northern Oil and Gas in a report on Monday, August 4th. Mizuho lowered their price objective on shares of Northern Oil and Gas from $32.00 to $28.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Citigroup lowered their price objective on shares of Northern Oil and Gas from $32.00 to $28.00 and set a “buy” rating for the company in a report on Monday, October 20th. Finally, Morgan Stanley restated an “underweight” rating and issued a $26.00 price objective (down from $27.00) on shares of Northern Oil and Gas in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $33.00.

Northern Oil and Gas Stock Performance

Shares of NYSE:NOG opened at $21.96 on Wednesday. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 3.62 and a beta of 1.61. The company has a 50-day moving average price of $24.48 and a 200-day moving average price of $26.30. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.98. Northern Oil and Gas has a 12 month low of $19.88 and a 12 month high of $44.31.

Northern Oil and Gas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 29th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.2%. Northern Oil and Gas’s dividend payout ratio (DPR) is currently 29.70%.

Hedge Funds Weigh In On Northern Oil and Gas

A number of institutional investors and hedge funds have recently made changes to their positions in NOG. DLD Asset Management LP increased its stake in shares of Northern Oil and Gas by 42.9% during the second quarter. DLD Asset Management LP now owns 25,000,000 shares of the company’s stock valued at $708,750,000 after purchasing an additional 7,500,000 shares in the last quarter. Nuveen LLC bought a new position in shares of Northern Oil and Gas during the first quarter valued at approximately $36,288,000. Dimensional Fund Advisors LP increased its stake in shares of Northern Oil and Gas by 30.4% during the first quarter. Dimensional Fund Advisors LP now owns 4,298,379 shares of the company’s stock valued at $129,939,000 after purchasing an additional 1,001,493 shares in the last quarter. Tributary Capital Management LLC increased its stake 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 purchasing an additional 779,492 shares in the last quarter. Finally, BW Gestao de Investimentos Ltda. bought a new position in shares of Northern Oil and Gas during the first quarter valued at approximately $14,137,000. 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.