Capital One Financial Has Strong Outlook for NOG Q1 Earnings

Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) - Stock analysts at Capital One Financial upped their Q1 2025 EPS estimates for Northern Oil and Gas in a research report issued to clients and investors on Thursday, April 24th. Capital One Financial analyst P. Johnston now anticipates that the company will earn $1.12 per share for the quarter, up from their previous forecast of $1.11. Capital One Financial has a "Equal Weight" rating on the stock. 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 $1.32 EPS, FY2025 earnings at $5.01 EPS and FY2026 earnings at $4.07 EPS.

A number of other research analysts have also recently issued reports on NOG. Royal Bank of Canada dropped their target price on shares of Northern Oil and Gas from $40.00 to $34.00 and set a "sector perform" rating for the company in a report on Monday, April 14th. Piper Sandler dropped their price objective on Northern Oil and Gas from $37.00 to $35.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. Truist Financial boosted their target price on Northern Oil and Gas from $52.00 to $55.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Morgan Stanley lowered their target price on Northern Oil and Gas from $43.00 to $38.00 and set an "equal weight" rating on the stock in a report on Thursday, March 27th. Finally, Bank of America decreased their price objective on shares of Northern Oil and Gas from $48.00 to $41.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $43.50.

Northern Oil and Gas Price Performance

Shares of NOG traded up $0.39 during trading hours on Monday, reaching $25.47. The company had a trading volume of 158,182 shares, compared to its average volume of 1,494,006. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 4.95 and a beta of 1.49. Northern Oil and Gas has a 12-month low of $19.88 and a 12-month high of $44.31. The firm has a 50 day simple moving average of $26.87 and a 200-day simple moving average of $34.55. The company has a current ratio of 0.92, a quick ratio of 1.23 and a debt-to-equity ratio of 1.02.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.21. The firm had revenue of $602.10 million for the quarter, compared to the consensus estimate of $568.87 million. Northern Oil and Gas had a return on equity of 24.41% and a net margin of 23.38%. The company's revenue for the quarter was up 51.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.28 earnings per share.

Northern Oil and Gas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Friday, June 27th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $1.80 dividend on an annualized basis and a yield of 7.07%. Northern Oil and Gas's dividend payout ratio (DPR) is 28.04%.

Northern Oil and Gas declared that its board has approved a share repurchase program on Tuesday, March 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other Northern Oil and Gas news, CEO Nicholas L. O'grady acquired 1,000 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were acquired at an average price of $27.48 per share, for a total transaction of $27,480.00. Following the completion of the acquisition, the chief executive officer now directly owns 226,189 shares of the company's stock, valued at $6,215,673.72. This trade represents a 0.44 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Bahram Akradi bought 40,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $28.03 per share, with a total value of $1,121,200.00. Following the completion of the purchase, the director now directly owns 1,662,016 shares of the company's stock, valued at approximately $46,586,308.48. The trade was a 2.47 % increase in their position. The disclosure for this purchase can be found here. 2.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Northern Oil and Gas

Several hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its position in Northern Oil and Gas by 297.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,098 shares of the company's stock worth $77,000 after purchasing an additional 1,570 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Northern Oil and Gas by 2.5% during the 4th quarter. Principal Financial Group Inc. now owns 481,797 shares of the company's stock worth $17,904,000 after buying an additional 11,690 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Northern Oil and Gas by 36.1% in the 4th quarter. State of Alaska Department of Revenue now owns 77,439 shares of the company's stock worth $2,877,000 after buying an additional 20,550 shares during the period. Proficio Capital Partners LLC acquired a new position in Northern Oil and Gas in the fourth quarter valued at $909,000. Finally, Charles Schwab Investment Management Inc. grew its position in Northern Oil and Gas by 7.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,058,899 shares of the company's stock valued at $39,349,000 after acquiring an additional 73,256 shares during the period. 98.80% of the stock is owned by institutional investors and hedge funds.

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.