Q4 EPS Estimate for Northern Oil and Gas Raised by Analyst

Key Points

• Zacks Research raised Northern Oil and Gas’ Q4 2026 EPS estimate to $0.75 from $0.74, while forecasting full-year 2026 EPS of $3.82.
• Northern Oil and Gas shares opened at $27.75, up 2.2%, and the company declared a quarterly dividend of $0.45, equivalent to a 6.5% annualized yield.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $31.22; institutional investors own 98.8% of the company.

Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) - Investment analysts at Zacks Research lifted their Q4 2026 EPS estimates for shares of Northern Oil and Gas in a report issued on Friday, October 16th. Zacks Research analyst Team now anticipates that the company will post earnings of $0.75 per share for the quarter, up from their previous estimate of $0.74. The consensus estimate for Northern Oil and Gas' current full-year earnings is $3.82 per share. Zacks Research also issued estimates for Northern Oil and Gas' Q4 2027 earnings at $0.79 EPS, Q2 2028 earnings at $0.86 EPS and FY2028 earnings at $3.36 EPS.

NOG has been the subject of a number of other research reports. Morgan Stanley reaffirmed an "underweight" rating and set a $26.00 price target (up from $25.00) on shares of Northern Oil and Gas in a research report on Thursday. Wall Street Zen upgraded shares of Northern Oil and Gas from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Weiss Ratings lowered shares of Northern Oil and Gas from a "sell (d+)" rating to a "sell (d)" rating in a research report on Thursday, October 8th. Mizuho boosted their price objective on shares of Northern Oil and Gas from $29.00 to $30.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 14th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $31.00 target price (up from $28.00) on shares of Northern Oil and Gas in a research report on Thursday, September 10th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $31.22.

Northern Oil and Gas Stock Up 2.2%

Shares of Northern Oil and Gas stock opened at $27.75 on Tuesday. The business's 50 day simple moving average is $25.27 and its 200 day simple moving average is $23.50. Northern Oil and Gas has a 52-week low of $17.18 and a 52-week high of $31.17. The firm has a market cap of $2.96 billion, a PE ratio of -5.36 and a beta of 0.90. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.80.

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

Northern Oil and Gas Dividend Announcement

The business also recently declared 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 6.5%. The ex-dividend date is Tuesday, September 29th. Northern Oil and Gas's dividend payout ratio (DPR) is currently -34.75%.

Institutional Investors Weigh In On Northern Oil and Gas

Several large investors have recently made changes to their positions in NOG. Abel Hall LLC boosted its stake in shares of Northern Oil and Gas by 30.9% during the 3rd quarter. Abel Hall LLC now owns 23,170 shares of the company's stock worth $530,000 after acquiring an additional 5,467 shares during the period. Counterpoint Mutual Funds LLC raised its stake in Northern Oil and Gas by 3,057.0% in the 3rd quarter. Counterpoint Mutual Funds LLC now owns 427,012 shares of the company's stock valued at $9,770,000 after acquiring an additional 413,486 shares during the period. Triumph Capital Management raised its stake in Northern Oil and Gas by 77.8% in the 3rd quarter. Triumph Capital Management now owns 1,600 shares of the company's stock valued at $37,000 after acquiring an additional 700 shares during the period. GAMMA Investing LLC raised its stake in Northern Oil and Gas by 18.5% in the 3rd quarter. GAMMA Investing LLC now owns 4,015 shares of the company's stock valued at $92,000 after acquiring an additional 628 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Northern Oil and Gas by 41.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,751 shares of the company's stock valued at $40,000 after purchasing an additional 511 shares during the last quarter. Institutional investors and hedge funds own 98.80% of the company's stock.

Northern Oil and Gas Company Profile

Northern Oil and Gas, Inc is an independent energy company engaged in the acquisition, exploration, development and production of crude oil, natural gas and natural gas liquids in the United States. The company primarily holds non-operated working interests in wells, allowing it to participate in hydrocarbon development without serving as the principal operator.

Northern Oil and Gas has built a diversified portfolio across several major U.S. oil and natural gas regions, including the Williston Basin, the Permian Basin and the Appalachian Basin.

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