Zacks Research Issues Pessimistic Estimate for NOG Earnings

Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) - Zacks Research lowered their FY2026 earnings per share estimates for Northern Oil and Gas in a research note issued on Wednesday, June 4th. Zacks Research analyst N. Choudhury now expects 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.

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, beating analysts' consensus estimates 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 analysts' expectations of $568.87 million. During the same quarter in the prior year, the company posted $1.28 earnings per share. Northern Oil and Gas's revenue for the quarter was up 51.9% compared to the same quarter last year.

Other analysts have also issued research reports about the company. Morgan Stanley cut 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 research report on Thursday, March 27th. Piper Sandler dropped their price objective on Northern Oil and Gas from $34.00 to $30.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Bank of America boosted their price objective on Northern Oil and Gas from $29.00 to $33.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Mizuho lowered their target price on Northern Oil and Gas from $35.00 to $33.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Finally, Capital One Financial downgraded Northern Oil and Gas from an "overweight" rating to an "equal weight" rating in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Northern Oil and Gas has a consensus rating of "Hold" and a consensus price target of $39.67.

Northern Oil and Gas Trading Up 0.2%

Shares of NOG stock traded up $0.07 during trading hours on Monday, hitting $31.16. The company had a trading volume of 897,075 shares, compared to its average volume of 1,552,614. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.92 and a quick ratio of 1.23. The stock has a market capitalization of $3.08 billion, a PE ratio of 6.06 and a beta of 1.51. The company's fifty day moving average is $25.84 and its 200 day moving average is $32.29. Northern Oil and Gas has a fifty-two week low of $19.88 and a fifty-two week high of $44.31.

Institutional Investors Weigh In On Northern Oil and Gas

Several institutional investors have recently added to or reduced their stakes in NOG. Janney Montgomery Scott LLC raised its holdings in Northern Oil and Gas by 17.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 9,743 shares of the company's stock worth $362,000 after purchasing an additional 1,461 shares in the last quarter. Blue Trust Inc. grew its position in shares of Northern Oil and Gas by 177.2% in the 4th quarter. Blue Trust Inc. now owns 1,253 shares of the company's stock valued at $44,000 after buying an additional 801 shares during the last quarter. State of Alaska Department of Revenue raised its stake 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 in the last quarter. Entropy Technologies LP lifted its position in Northern Oil and Gas by 68.5% in the fourth quarter. Entropy Technologies LP now owns 18,868 shares of the company's stock valued at $701,000 after acquiring an additional 7,668 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Northern Oil and Gas by 1.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,381,285 shares of the company's stock valued at $52,102,000 after acquiring an additional 21,754 shares during the last quarter. Hedge funds and other institutional investors own 98.80% of the company's stock.

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

Northern Oil and Gas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Friday, June 27th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 5.78%. The ex-dividend date of this dividend is Friday, June 27th. Northern Oil and Gas's dividend payout ratio (DPR) is presently 28.04%.

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.