Q1 Earnings Forecast for NOG Issued By Capital One Financial

Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) - Capital One Financial boosted their Q1 2025 earnings estimates for shares of Northern Oil and Gas in a report issued on Thursday, April 24th. Capital One Financial analyst P. Johnston now expects that the company will post earnings per share of $1.12 for the quarter, up from their previous estimate 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.

NOG has been the subject of several other reports. 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 for the company in a report on Tuesday, April 1st. Morgan Stanley dropped their target price on shares of Northern Oil and Gas from $43.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 27th. Piper Sandler decreased their price target on shares of Northern Oil and Gas from $37.00 to $35.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. Citigroup decreased their target price on Northern Oil and Gas from $55.00 to $45.00 and set a "buy" rating on the stock in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada lowered their price objective on Northern Oil and Gas from $40.00 to $34.00 and set a "sector perform" rating on the stock in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $43.50.

Northern Oil and Gas Stock Down 2.1 %

Shares of NYSE NOG traded down $0.51 during trading hours on Monday, hitting $24.25. The stock had a trading volume of 3,074,635 shares, compared to its average volume of 1,829,874. The firm's 50-day moving average price is $27.21 and its two-hundred day moving average price is $34.72. 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 $2.40 billion, a P/E ratio of 4.72 and a beta of 1.49. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.23 and a current ratio of 0.92.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Northern Oil and Gas by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 11,273,298 shares of the company's stock valued at $418,916,000 after purchasing an additional 166,501 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Northern Oil and Gas by 3.9% in the 4th quarter. American Century Companies Inc. now owns 6,537,596 shares of the company's stock valued at $242,937,000 after purchasing an additional 243,531 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Northern Oil and Gas by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,296,886 shares of the company's stock valued at $122,507,000 after purchasing an additional 68,631 shares in the last quarter. Copeland Capital Management LLC boosted its position in shares of Northern Oil and Gas by 0.9% during the fourth quarter. Copeland Capital Management LLC now owns 2,114,909 shares of the company's stock worth $78,590,000 after buying an additional 18,195 shares during the period. Finally, Channing Capital Management LLC grew its stake in shares of Northern Oil and Gas by 26.8% during the 4th quarter. Channing Capital Management LLC now owns 1,766,623 shares of the company's stock worth $65,648,000 after acquiring an additional 373,917 shares in the last quarter. Institutional investors and hedge funds own 98.80% of the company's stock.

Insiders Place Their Bets

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

Northern Oil and Gas announced that its board has initiated a share repurchase plan on Tuesday, March 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 3.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

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.