Research Analysts Issue Forecasts for NOG FY2026 Earnings

Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) - Equities research analysts at Capital One Financial lowered their FY2026 earnings estimates for shares of Northern Oil and Gas in a report released on Monday, July 21st. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings per share of $3.45 for the year, down from their prior estimate of $3.99. The consensus estimate for Northern Oil and Gas' current full-year earnings is $5.18 per share.

A number of other research analysts also recently issued reports on the stock. Citigroup boosted their price target on shares of Northern Oil and Gas from $34.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Bank of America boosted their price target on shares of Northern Oil and Gas from $29.00 to $33.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Raymond James Financial restated a "strong-buy" rating on shares of Northern Oil and Gas in a research report on Tuesday, May 13th. Piper Sandler boosted their price target on shares of Northern Oil and Gas from $30.00 to $31.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Finally, Morgan Stanley lowered their price objective on shares of Northern Oil and Gas from $43.00 to $38.00 and set an "equal weight" rating for the company in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $38.78.

Northern Oil and Gas Trading Down 1.0%

NYSE:NOG traded down $0.30 during mid-day trading on Wednesday, hitting $28.44. 1,624,119 shares of the company's stock were exchanged, compared to its average volume of 1,821,047. The company has a 50 day simple moving average of $28.97 and a 200-day simple moving average of $30.17. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.96. Northern Oil and Gas has a fifty-two week low of $19.88 and a fifty-two week high of $44.31. The firm has a market capitalization of $2.81 billion, a P/E ratio of 4.43 and a beta of 1.50.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.12 by $0.21. Northern Oil and Gas had a net margin of 26.64% and a return on equity of 23.46%. The business had revenue of $602.10 million for the quarter, compared to the consensus estimate of $568.87 million. During the same period last year, the company earned $1.28 EPS. The firm's revenue was up 51.9% compared to the same quarter last year.

Institutional Trading of Northern Oil and Gas

A number of hedge funds and other institutional investors have recently bought and sold shares of NOG. Nuveen LLC purchased a new position in shares of Northern Oil and Gas in the 1st quarter worth about $36,288,000. Dimensional Fund Advisors LP boosted its holdings in shares of Northern Oil and Gas by 30.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,298,379 shares of the company's stock worth $129,939,000 after buying an additional 1,001,493 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Northern Oil and Gas in the 4th quarter worth about $21,691,000. BW Gestao de Investimentos Ltda. purchased a new position in shares of Northern Oil and Gas in the 1st quarter worth about $14,137,000. Finally, American Century Companies Inc. lifted its holdings in Northern Oil and Gas by 6.4% during the first quarter. American Century Companies Inc. now owns 6,953,377 shares of the company's stock valued at $210,201,000 after purchasing an additional 415,781 shares during the last quarter. Institutional investors own 98.80% of the company's stock.

Northern Oil and Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Friday, June 27th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, June 27th. This represents a $1.80 dividend on an annualized basis and a yield of 6.33%. Northern Oil and Gas's dividend payout ratio (DPR) is presently 28.04%.

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.