William Blair Issues Optimistic Outlook for NOG Earnings

Northern Oil and Gas, Inc. (NYSE:NOG) – Investment analysts at William Blair upped their Q3 2025 EPS estimates for Northern Oil and Gas in a note issued to investors on Monday, October 27th. William Blair analyst N. Dingmann now expects that the company will earn $0.66 per share for the quarter, up from their prior forecast of $0.64. William Blair currently 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 $2.95 EPS.

Other analysts have also recently issued research reports about the stock. Morgan Stanley reissued an “underweight” rating and set a $26.00 price objective (down previously from $27.00) on shares of Northern Oil and Gas in a report on Tuesday, October 14th. Royal Bank Of Canada dropped their price objective 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. Citigroup dropped their price objective on shares of Northern Oil and Gas from $32.00 to $28.00 and set a “buy” rating on the stock in a research note on Monday, October 20th. Piper Sandler reaffirmed a “neutral” rating and set a $25.00 price target (down from $31.00) on shares of Northern Oil and Gas in a research note on Monday, August 4th. Finally, Mizuho decreased their price objective on shares of Northern Oil and Gas from $32.00 to $28.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Northern Oil and Gas has an average rating of “Hold” and a consensus price target of $33.00.

Northern Oil and Gas Stock Down 3.0%

Shares of Northern Oil and Gas stock opened at $21.31 on Thursday. Northern Oil and Gas has a 52-week low of $19.88 and a 52-week high of $44.31. The company has a 50 day moving average of $24.43 and a 200 day moving average of $26.26. 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 capitalization of $2.08 billion, a P/E ratio of 3.52 and a beta of 1.61.

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

Institutional Investors Weigh In On Northern Oil and Gas

Hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its holdings in shares of Northern Oil and Gas by 6.4% in the first quarter. American Century Companies Inc. now owns 6,953,377 shares of the company’s stock worth $210,201,000 after acquiring an additional 415,781 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Northern Oil and Gas by 2.6% in the first quarter. Principal Financial Group Inc. now owns 494,508 shares of the company’s stock worth $14,949,000 after acquiring an additional 12,711 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Northern Oil and Gas by 7.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,141,754 shares of the company’s stock worth $34,515,000 after acquiring an additional 82,855 shares in the last quarter. Motley Fool Asset Management LLC increased its holdings in shares of Northern Oil and Gas by 21.2% in the first quarter. Motley Fool Asset Management LLC now owns 85,483 shares of the company’s stock worth $2,584,000 after acquiring an additional 14,945 shares in the last quarter. Finally, New York State Common Retirement Fund increased its holdings in shares of Northern Oil and Gas by 1.9% in the first quarter. New York State Common Retirement Fund now owns 1,092,152 shares of the company’s stock worth $33,016,000 after acquiring an additional 20,186 shares in the last quarter. 98.80% of the stock is currently owned by institutional investors.

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.