NOG FY2025 EPS Estimate Reduced by Capital One Financial

Key Points

• Capital One Financial has reduced its FY2025 earnings per share estimate for Northern Oil and Gas to $4.46, down from the previous estimate of $4.63, while the consensus estimate remains at $5.18.
• Northern Oil and Gas recently announced a quarterly dividend of $0.45 per share, translating to an annualized dividend yield of 6.9%.
• Recent analyst ratings for Northern Oil and Gas include a mix of recommendations, with one strong buy, five buys, four holds, and one sell, reflecting varying confidence in the company's prospects.

Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) - Research analysts at Capital One Financial decreased their FY2025 earnings per share estimates for Northern Oil and Gas in a note issued to investors on Wednesday, August 27th. Capital One Financial analyst P. Johnston now expects that the company will earn $4.46 per share for the year, down from their previous estimate of $4.63. The consensus estimate for Northern Oil and Gas' current full-year earnings is $5.18 per share. Capital One Financial also issued estimates for Northern Oil and Gas' FY2027 earnings at $2.84 EPS.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $0.87 by $0.50. Northern Oil and Gas had a net margin of 23.62% and a return on equity of 22.12%. The business had revenue of $706.81 million for the quarter, compared to analyst estimates of $555.54 million. During the same period in the previous year, the firm earned $1.46 EPS. The business's revenue for the quarter was up 26.0% compared to the same quarter last year.

A number of other equities analysts also recently commented on the company. Morgan Stanley downgraded Northern Oil and Gas from a "positive" rating to an "underweight" rating and cut their price objective for the stock from $29.00 to $27.00 in a report on Monday, August 18th. Mizuho cut their price objective on Northern Oil and Gas from $33.00 to $32.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 16th. Raymond James Financial restated a "strong-buy" rating on shares of Northern Oil and Gas in a research note on Tuesday, May 13th. Citigroup increased their target price on Northern Oil and Gas from $34.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Finally, William Blair initiated coverage on Northern Oil and Gas in a report on Monday, August 25th. They set an "outperform" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Northern Oil and Gas has an average rating of "Moderate Buy" and a consensus price target of $36.89.

Northern Oil and Gas Trading Down 0.0%

Shares of NOG opened at $26.19 on Monday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $2.56 billion, a PE ratio of 4.32 and a beta of 1.67. The stock has a fifty day moving average of $27.20 and a two-hundred day moving average of $27.74. Northern Oil and Gas has a fifty-two week low of $19.88 and a fifty-two week high of $44.31.

Northern Oil and Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 29th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Monday, September 29th. Northern Oil and Gas's payout ratio is 29.70%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. DLD Asset Management LP lifted its position in shares of Northern Oil and Gas by 42.9% during the second quarter. DLD Asset Management LP now owns 25,000,000 shares of the company's stock worth $708,750,000 after purchasing an additional 7,500,000 shares during the last quarter. American Century Companies Inc. lifted its holdings in Northern Oil and Gas by 6.4% during the 1st quarter. American Century Companies Inc. now owns 6,953,377 shares of the company's stock worth $210,201,000 after buying an additional 415,781 shares during the last quarter. Dimensional Fund Advisors LP increased 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 valued at $129,939,000 after acquiring an additional 1,001,493 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Northern Oil and Gas by 25.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,951,505 shares of the company's stock valued at $56,867,000 after acquiring an additional 397,128 shares during the last quarter. Finally, Channing Capital Management LLC raised its position in shares of Northern Oil and Gas by 8.7% during the 1st quarter. Channing Capital Management LLC now owns 1,920,258 shares of the company's stock valued at $58,049,000 after acquiring an additional 153,635 shares in the last quarter. 98.80% of the stock is currently owned by institutional investors.

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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