Equities Analysts Offer Predictions for NOG FY2026 Earnings

Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) - Equities research analysts at Zacks Research reduced their FY2026 earnings per share estimates for shares of Northern Oil and Gas in a research report issued on Wednesday, June 4th. Zacks Research analyst N. Choudhury now anticipates that the company will earn $3.57 per share for the year, down from their previous estimate of $4.03. The consensus estimate for Northern Oil and Gas' current full-year earnings is $5.18 per share. Zacks Research also issued estimates for Northern Oil and Gas' FY2027 earnings at $4.11 EPS.

Several other research firms have also recently issued reports on NOG. Mizuho lowered their price objective on Northern Oil and Gas from $35.00 to $33.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Raymond James reaffirmed a "strong-buy" rating on shares of Northern Oil and Gas in a research report on Tuesday, May 13th. 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 for the company in a research report on Monday, April 14th. Morgan Stanley lowered their price objective on Northern Oil and Gas from $43.00 to $38.00 and set an "equal weight" rating for the company in a research report on Thursday, March 27th. Finally, Bank of America upped their price objective on 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $39.67.

Northern Oil and Gas Trading Up 3.4%

NYSE:NOG opened at $28.75 on Monday. The stock has a 50-day simple moving average of $25.60 and a 200-day simple moving average of $32.41. The stock has a market cap of $2.84 billion, a P/E ratio of 5.59 and a beta of 1.51. Northern Oil and Gas has a 1 year low of $19.88 and a 1 year high of $44.31. 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 released its quarterly earnings data on Tuesday, April 29th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.21. The business had revenue of $602.10 million during the quarter, compared to analysts' expectations of $568.87 million. Northern Oil and Gas had a return on equity of 24.41% and a net margin of 23.38%. The business's quarterly revenue was up 51.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.28 EPS.

Northern Oil and Gas announced that its board has authorized a share repurchase program on Tuesday, March 11th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to purchase up to 3.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

Northern Oil and Gas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, June 27th will be given a $0.45 dividend. The ex-dividend date is Friday, June 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.26%. Northern Oil and Gas's dividend payout ratio (DPR) is presently 28.04%.

Institutional Trading of Northern Oil and Gas

A number of large investors have recently made changes to their positions in NOG. Janney Montgomery Scott LLC boosted its position in shares of Northern Oil and Gas by 17.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 9,743 shares of the company's stock valued at $362,000 after purchasing an additional 1,461 shares during the period. Blue Trust Inc. lifted its position in Northern Oil and Gas by 177.2% during the 4th quarter. Blue Trust Inc. now owns 1,253 shares of the company's stock worth $44,000 after acquiring an additional 801 shares during the period. State of Alaska Department of Revenue lifted its position in Northern Oil and Gas by 36.1% during the 4th quarter. State of Alaska Department of Revenue now owns 77,439 shares of the company's stock worth $2,877,000 after acquiring an additional 20,550 shares during the period. Entropy Technologies LP lifted its position in Northern Oil and Gas by 68.5% during the 4th quarter. Entropy Technologies LP now owns 18,868 shares of the company's stock worth $701,000 after acquiring an additional 7,668 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in Northern Oil and Gas by 1.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,381,285 shares of the company's stock worth $52,102,000 after acquiring an additional 21,754 shares during the period. 98.80% of the stock is owned by institutional investors and hedge funds.

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.

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