Northern Oil and Gas (NOG) Projected to Post Earnings on Tuesday

Northern Oil and Gas (NYSE:NOG - Get Free Report) will likely be announcing its Q1 2025 earnings results after the market closes on Tuesday, April 29th. Analysts expect Northern Oil and Gas to post earnings of $1.14 per share and revenue of $568.87 million for the quarter.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.16). Northern Oil and Gas had a net margin of 23.38% and a return on equity of 24.41%. The company had revenue of $545.47 million during the quarter, compared to analyst estimates of $552.34 million. On average, analysts expect Northern Oil and Gas to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Northern Oil and Gas Stock Performance

Northern Oil and Gas stock traded up $0.39 during mid-day trading on Friday, reaching $24.14. 1,158,326 shares of the company were exchanged, compared to its average volume of 1,487,749. The firm has a market cap of $2.39 billion, a PE ratio of 4.70 and a beta of 1.49. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.23 and a current ratio of 0.92. The firm's 50-day simple moving average is $27.64 and its two-hundred day simple moving average is $34.89. Northern Oil and Gas has a twelve month low of $19.88 and a twelve month high of $44.31.

Northern Oil and Gas Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, March 28th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, March 28th. This is an increase from Northern Oil and Gas's previous quarterly dividend of $0.42. This represents a $1.80 annualized dividend and a dividend yield of 7.46%. Northern Oil and Gas's dividend payout ratio (DPR) is currently 35.02%.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on NOG. Royal Bank of Canada reduced their target price on shares of Northern Oil and Gas from $40.00 to $34.00 and set a "sector perform" rating for the company in a research note on Monday, April 14th. Morgan Stanley reduced their price objective on shares of 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. Piper Sandler lowered their price objective on Northern Oil and Gas from $37.00 to $35.00 and set a "neutral" rating on the stock in a report on Wednesday, January 29th. Capital One Financial lowered Northern Oil and Gas from an "overweight" rating to an "equal weight" rating in a report on Friday, February 21st. Finally, Truist Financial lifted their price objective on Northern Oil and Gas from $52.00 to $55.00 and gave the company a "buy" rating in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $43.50.

Insider Activity

In other Northern Oil and Gas news, CEO Nicholas L. O'grady acquired 1,000 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average cost of $27.48 per share, for a total transaction of $27,480.00. Following the transaction, the chief executive officer now directly owns 226,189 shares of the company's stock, valued at approximately $6,215,673.72. This represents a 0.44 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Bahram Akradi bought 40,000 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were acquired at an average price of $28.03 per share, with a total value of $1,121,200.00. Following the completion of the acquisition, the director now directly owns 1,662,016 shares in the company, valued at $46,586,308.48. This represents a 2.47 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.90% of the company's stock.

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.