Research Analysts Set Expectations for NOG FY2027 Earnings

Northern Oil and Gas, Inc. (NYSE:NOG) – Equities research analysts at Zacks Research decreased their FY2027 earnings per share (EPS) estimates for Northern Oil and Gas in a note issued to investors on Monday, February 9th. Zacks Research analyst Team now anticipates that the company will post earnings of $3.03 per share for the year, down from their previous forecast of $3.43. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $5.18 per share.

Other equities analysts also recently issued research reports about the stock. Royal Bank Of Canada dropped their price objective on shares of Northern Oil and Gas from $33.00 to $30.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 20th. Citigroup cut 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 research report on Monday, October 20th. Morgan Stanley set a $24.00 target price on Northern Oil and Gas and gave the stock an “underweight” rating in a report on Friday, January 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Northern Oil and Gas in a research report on Thursday, January 22nd. Finally, Mizuho set a $29.00 price target on Northern Oil and Gas in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $29.29.

Northern Oil and Gas Trading Up 3.7%

Shares of NYSE:NOG opened at $26.59 on Wednesday. Northern Oil and Gas has a 52-week low of $19.88 and a 52-week high of $36.16. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 15.02 and a beta of 1.01. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.10 and a current ratio of 1.10. The stock’s 50-day simple moving average is $23.02 and its two-hundred day simple moving average is $23.66.

Institutional Investors Weigh In On Northern Oil and Gas

Several large investors have recently added to or reduced their stakes in NOG. AQR Capital Management LLC lifted its holdings in Northern Oil and Gas by 55.1% during the 1st quarter. AQR Capital Management LLC now owns 40,781 shares of the company’s stock worth $1,233,000 after buying an additional 14,492 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Northern Oil and Gas by 3.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,334 shares of the company’s stock worth $1,763,000 after acquiring an additional 1,865 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Northern Oil and Gas by 181.0% during the first quarter. Jones Financial Companies Lllp now owns 1,107 shares of the company’s stock worth $33,000 after acquiring an additional 713 shares during the period. Empowered Funds LLC raised its stake in shares of Northern Oil and Gas by 5.0% in the first quarter. Empowered Funds LLC now owns 65,217 shares of the company’s stock valued at $1,972,000 after acquiring an additional 3,124 shares in the last quarter. Finally, Intech Investment Management LLC boosted its holdings in Northern Oil and Gas by 41.8% in the first quarter. Intech Investment Management LLC now owns 46,453 shares of the company’s stock valued at $1,404,000 after purchasing an additional 13,690 shares during the period. 98.80% of the stock is owned by hedge funds and other institutional investors.

Northern Oil and Gas News Summary

Here are the key news stories impacting Northern Oil and Gas this week:

• Neutral Sentiment: Company-provided fourth-quarter update released on Feb. 10 — the corporate update may contain operational or financial details investors are parsing; the company press release is here: NOG Provides Fourth Quarter Update
• Negative Sentiment: Zacks Research sharply trimmed multiple near‑ and medium‑term EPS forecasts for NOG on Feb. 9. Notable cuts include FY2027 to $3.03 from $3.43 and FY2026 to $2.68 from $2.74, and several quarterly downgrades (examples: Q2 2027 from $1.01 to $0.83; Q1 2027 from $0.77 to $0.69; Q3/Q4 2027 and multiple 2026 quarters also reduced). Zacks’ model now sits well below the consensus full‑year estimate cited in the reports (~$5.18), signaling weaker expected earnings and potential pressure on valuation.

About Northern Oil and Gas

Northern Oil and Gas, Inc is a publicly traded independent energy company focused on the acquisition, exploration and development of oil and natural gas resources in the United States. The company’s primary operations are concentrated in the Williston Basin, where it secures acreage positions and partners with drilling operators to advance upstream projects. Through strategic leasehold acquisitions and joint ventures, Northern Oil and Gas seeks to expand its footprint in both conventional and unconventional reservoirs.

Northern Oil and Gas employs horizontal drilling and hydraulic fracturing technologies to develop unconventional resource plays, particularly in the Bakken, Three Forks and Red River formations of North Dakota and Montana.