Q3 EPS Forecast for Northern Oil and Gas Lowered by Analyst

Key Points

• Capital One Financial has lowered its Q3 2025 earnings per share (EPS) estimate for Northern Oil and Gas from $0.98 to $0.95, signaling a less optimistic outlook.
• Northern Oil and Gas reported strong Q2 earnings of $1.37 EPS, exceeding analysts' expectations, but the earnings for the same quarter in the prior year were $1.46 EPS.
• The company announced a quarterly dividend of $0.45, resulting in a 7.2% annualized yield, with the ex-dividend date set for September 29th.

Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) - Analysts at Capital One Financial reduced their Q3 2025 EPS estimates for Northern Oil and Gas in a research note issued to investors on Saturday, August 2nd. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings of $0.95 per share for the quarter, down from their prior forecast of $0.98. 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' Q1 2026 earnings at $0.73 EPS, Q2 2026 earnings at $0.72 EPS, Q3 2026 earnings at $0.85 EPS and Q4 2026 earnings at $0.93 EPS.

Several other analysts have also recently issued reports on NOG. 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 for the company in a research note on Monday, July 14th. Citigroup upped their price objective on shares of Northern Oil and Gas from $34.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Bank of America increased their price target on shares of Northern Oil and Gas from $29.00 to $33.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Mizuho dropped their price target on shares of Northern Oil and Gas from $33.00 to $32.00 and set a "neutral" rating for the company in a research note on Wednesday, July 16th. Finally, Piper Sandler reissued a "neutral" rating and issued a $25.00 price target (down previously from $31.00) on shares of Northern Oil and Gas in a research note on Monday, August 4th. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.11.

Northern Oil and Gas Price Performance

NYSE NOG traded down $0.13 during trading hours on Tuesday, hitting $24.53. 1,766,056 shares of the company's stock traded hands, compared to its average volume of 1,961,661. Northern Oil and Gas has a 52-week low of $19.88 and a 52-week high of $44.31. The company has a market capitalization of $2.39 billion, a PE ratio of 4.05 and a beta of 1.55. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.21 and a quick ratio of 0.92. The firm's 50-day moving average is $28.84 and its 200-day moving average is $29.11.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.50. The business had revenue of $706.81 million during the quarter, compared to analysts' expectations of $555.54 million. Northern Oil and Gas had a net margin of 23.62% and a return on equity of 22.12%. The company's quarterly revenue was up 26.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.46 earnings per share.

Hedge Funds Weigh In On Northern Oil and Gas

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers raised its position in shares of Northern Oil and Gas by 14.5% in the second quarter. Cetera Investment Advisers now owns 17,722 shares of the company's stock valued at $502,000 after buying an additional 2,238 shares during the last quarter. Creative Planning raised its position in shares of Northern Oil and Gas by 199.2% in the second quarter. Creative Planning now owns 85,157 shares of the company's stock valued at $2,414,000 after buying an additional 56,694 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Northern Oil and Gas by 188.4% in the second quarter. SG Americas Securities LLC now owns 14,078 shares of the company's stock valued at $399,000 after buying an additional 9,196 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Northern Oil and Gas by 6.1% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,221 shares of the company's stock valued at $715,000 after buying an additional 1,456 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Northern Oil and Gas by 5.8% in the second quarter. PNC Financial Services Group Inc. now owns 18,561 shares of the company's stock valued at $526,000 after buying an additional 1,016 shares during the last quarter. Institutional investors and hedge funds own 98.80% of the company's stock.

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 given a dividend of $0.45 per share. The ex-dividend date is Monday, September 29th. This represents a $1.80 dividend on an annualized basis and a yield of 7.3%. Northern Oil and Gas's payout ratio is presently 29.70%.

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.