Q3 Earnings Forecast for NOG Issued By Capital One Financial

Northern Oil and Gas, Inc. (NYSE:NOG) – Research analysts at Capital One Financial boosted their Q3 2026 EPS estimates for shares of Northern Oil and Gas in a research note issued on Thursday, November 13th. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings per share of $0.79 for the quarter, up from their prior estimate of $0.78. 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 $3.65 EPS.

Several other brokerages have also weighed in on NOG. Piper Sandler reaffirmed a “neutral” rating and issued a $25.00 target price (down from $31.00) on shares of Northern Oil and Gas in a research report on Monday, August 4th. Mizuho lowered their price target on shares of Northern Oil and Gas from $32.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. 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 report on Monday, October 20th. Morgan Stanley reissued an “underweight” rating and set a $26.00 target price (down from $27.00) on shares of Northern Oil and Gas in a research note on Tuesday, October 14th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Northern Oil and Gas in a research note on Wednesday, October 8th. 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 assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $33.00.

Northern Oil and Gas Stock Down 1.9%

Shares of Northern Oil and Gas stock opened at $21.89 on Monday. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 3.61 and a beta of 1.48. Northern Oil and Gas has a twelve month low of $19.88 and a twelve month high of $44.31. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.98. The business’s 50 day simple moving average is $23.49 and its 200-day simple moving average is $26.12.

Northern Oil and Gas (NYSE:NOG) last released its quarterly earnings data 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 firm had revenue of $319.19 million for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB lifted its position in Northern Oil and Gas by 133.3% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 954 shares of the company’s stock worth $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 worth $27,000 after buying an additional 637 shares in the last quarter. First Horizon Corp acquired a new stake in shares of Northern Oil and Gas in the third quarter valued at $27,000. Pinnacle Holdings LLC bought a new position in Northern Oil and Gas during the first quarter valued at about $28,000. Finally, Laurel Wealth Advisors LLC grew its holdings in Northern Oil and Gas by 2,736.1% during the second quarter. Laurel Wealth Advisors LLC now owns 1,021 shares of the company’s stock worth $29,000 after acquiring an additional 985 shares during the period. Institutional investors and hedge funds own 98.80% of the company’s stock.

Northern Oil and Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Tuesday, December 30th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date is Tuesday, December 30th. Northern Oil and Gas’s payout ratio is 101.69%.

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.