Q3 EPS Estimate for Northern Oil and Gas Boosted by Analyst

Northern Oil and Gas, Inc. (NYSE:NOG) – Investment analysts at Capital One Financial lifted their Q3 2025 earnings per share (EPS) estimates for shares of Northern Oil and Gas in a research report issued to clients and investors on Tuesday, October 28th. Capital One Financial analyst P. Johnston now expects that the company will post earnings per share of $0.92 for the quarter, up from their previous estimate of $0.83. 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’ Q4 2025 earnings at $0.96 EPS, FY2025 earnings at $4.58 EPS, Q1 2026 earnings at $0.70 EPS, Q2 2026 earnings at $0.67 EPS and FY2026 earnings at $3.01 EPS.

Northern Oil and Gas (NYSE:NOG) last issued its quarterly earnings results on Monday, March 6th. The company reported $1.06 earnings per share (EPS) 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 brokerages have also weighed in on NOG. Morgan Stanley restated an “underweight” rating and set a $26.00 price objective (down previously from $27.00) on shares of Northern Oil and Gas in a research report on Tuesday, October 14th. Citigroup reduced 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 report on Monday, October 20th. Piper Sandler restated a “neutral” rating and set a $25.00 price objective (down previously from $31.00) on shares of Northern Oil and Gas in a research report on Monday, August 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Northern Oil and Gas in a research report on Wednesday, October 8th. Finally, William Blair initiated coverage on Northern Oil and Gas in a research report on Monday, August 25th. They set an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $33.00.

Northern Oil and Gas Trading Down 3.0%

Shares of NOG stock opened at $21.31 on Thursday. The firm has a market capitalization of $2.08 billion, a P/E ratio of 3.52 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. 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 stock’s fifty day simple moving average is $24.43 and its 200 day simple moving average is $26.26.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NOG. Teacher Retirement System of Texas raised its position in Northern Oil and Gas by 2.9% during the second 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 in the last quarter. Signaturefd LLC raised its position in Northern Oil and Gas by 60.0% during the first quarter. Signaturefd LLC now owns 1,080 shares of the company’s stock valued at $33,000 after purchasing an additional 405 shares in the last quarter. Range Financial Group LLC raised its position in 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 purchasing an additional 486 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Northern Oil and Gas by 133.3% during the second 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 in the last quarter. Finally, First National Advisers LLC raised its position in Northern Oil and Gas by 4.8% during the third quarter. First National Advisers LLC now owns 12,665 shares of the company’s stock valued at $314,000 after purchasing an additional 580 shares in the last quarter. 98.80% of the stock is owned by institutional investors and hedge funds.

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.