Q3 EPS Estimate for Northern Oil and Gas Raised by Analyst

Key Points

• Zacks Research raised Northern Oil and Gas’ Q3 2027 EPS estimate to $0.69 from $0.68; its full-year earnings estimate is $3.63 per share.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $31.00. Recent ratings range from Morgan Stanley’s “underweight” to Raymond James’ “outperform.”
• Northern Oil and Gas declared a quarterly dividend of $0.45, equivalent to $1.80 annually and a 7.1% yield; institutional investors own 98.8% of the company’s shares.

Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) - Analysts at Zacks Research boosted their Q3 2027 EPS estimates for shares of Northern Oil and Gas in a research note issued on Wednesday, September 16th. Zacks Research analyst Team now expects that the company will post earnings per share of $0.69 for the quarter, up from their previous estimate of $0.68. The consensus estimate for Northern Oil and Gas' current full-year earnings is $3.63 per share. Zacks Research also issued estimates for Northern Oil and Gas' FY2027 earnings at $3.13 EPS.

Several other brokerages have also commented on NOG. Weiss Ratings upgraded Northern Oil and Gas from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, August 11th. Raymond James Financial reissued an "outperform" rating and issued a $31.00 price target (up from $28.00) on shares of Northern Oil and Gas in a research note on Thursday, September 10th. Morgan Stanley set a $25.00 price target on Northern Oil and Gas and gave the stock an "underweight" rating in a report on Monday, June 29th. Mizuho upgraded shares of Northern Oil and Gas to a "hold" rating in a research note on Friday, July 31st. Finally, Wall Street Zen raised shares of Northern Oil and Gas from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $31.00.

Northern Oil and Gas Stock Performance

Shares of NOG opened at $25.18 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The firm's fifty day simple moving average is $23.66 and its two-hundred day simple moving average is $24.13. Northern Oil and Gas has a 12 month low of $17.18 and a 12 month high of $31.17. The stock has a market capitalization of $2.68 billion, a P/E ratio of -4.86 and a beta of 0.73.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.13 EPS for the quarter, missing analysts' consensus estimates of $1.18 by ($0.05). Northern Oil and Gas had a negative net margin of 25.35% and a positive return on equity of 18.69%. The firm had revenue of $745.24 million during the quarter, compared to the consensus estimate of $594.09 million. During the same period in the prior year, the company posted $1.37 earnings per share. The company's revenue for the quarter was up 5.4% compared to the same quarter last year.

Institutional Trading of Northern Oil and Gas

Hedge funds have recently bought and sold shares of the business. Ascentis Independent Advisors acquired a new position in Northern Oil and Gas during the first quarter worth $33,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Northern Oil and Gas during the second quarter valued at about $29,000. Allworth Financial LP bought a new stake in shares of Northern Oil and Gas during the second quarter worth about $31,000. IFP Advisors Inc increased its position in shares of Northern Oil and Gas by 58.6% during the second quarter. IFP Advisors Inc now owns 1,903 shares of the company's stock worth $35,000 after acquiring an additional 703 shares in the last quarter. Finally, Transamerica Financial Advisors LLC raised its holdings in shares of Northern Oil and Gas by 22.1% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 2,242 shares of the company's stock worth $42,000 after acquiring an additional 406 shares during the last quarter. Institutional investors and hedge funds own 98.80% of the company's stock.

Insider Buying and Selling

In other news, Director Bahram Akradi acquired 25,760 shares of the firm's stock in a transaction dated Monday, June 22nd. The stock was purchased at an average price of $19.40 per share, for a total transaction of $499,744.00. Following the completion of the acquisition, the director directly owned 1,713,444 shares in the company, valued at $33,240,813.60. The trade was a 1.53% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.80% of the company's stock.

Northern Oil and Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, September 29th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend is Tuesday, September 29th. Northern Oil and Gas's dividend payout ratio (DPR) is -34.75%.

About Northern Oil and Gas

Northern Oil and Gas, Inc is an independent exploration and production company focused on acquiring and managing non-operated interests in oil and natural gas properties. Rather than serving as the primary operator of wells, the company invests alongside established operators and participates in the development and production of upstream assets.

The company's portfolio includes interests in producing and undeveloped properties across several major U.S. oil and gas regions, including the Williston Basin, Permian Basin and Uinta Basin.

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