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

Northern Oil and Gas (NYSE:NOG - Get Free Report) is expected to post its Q2 2025 quarterly earnings results after the market closes on Thursday, July 31st. Analysts expect Northern Oil and Gas to post earnings of $0.92 per share and revenue of $555.54 million for the quarter.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.12 by $0.21. The firm had revenue of $602.10 million during the quarter, compared to analyst estimates of $568.87 million. Northern Oil and Gas had a return on equity of 23.46% and a net margin of 26.64%. The business's revenue for the quarter was up 51.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.28 EPS. 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 Down 1.0%

Shares of NOG traded down $0.30 during trading hours on Friday, hitting $28.44. The company had a trading volume of 1,624,219 shares, compared to its average volume of 1,711,516. The company has a market capitalization of $2.81 billion, a PE ratio of 4.43 and a beta of 1.50. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.96. Northern Oil and Gas has a one year low of $19.88 and a one year high of $44.31. The company's fifty day moving average price is $28.97 and its two-hundred day moving average price is $30.10.

Northern Oil and Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Friday, June 27th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.33%. The ex-dividend date of this dividend is Friday, June 27th. Northern Oil and Gas's payout ratio is 28.04%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Royal Bank Of Canada dropped their target price on Northern Oil and Gas from $34.00 to $33.00 and set a "sector perform" rating on the stock in a research note on Monday, July 14th. Citigroup boosted their target price on Northern Oil and Gas from $34.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Bank of America boosted their target price on Northern Oil and Gas from $29.00 to $33.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Mizuho dropped their target price on Northern Oil and Gas from $33.00 to $32.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 16th. Finally, Raymond James Financial restated a "strong-buy" rating on shares of Northern Oil and Gas in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $38.78.

Institutional Trading of Northern Oil and Gas

Several large investors have recently added to or reduced their stakes in NOG. AQR Capital Management LLC grew its stake in Northern Oil and Gas by 55.1% during the 1st quarter. AQR Capital Management LLC now owns 40,781 shares of the company's stock valued at $1,233,000 after purchasing an additional 14,492 shares during the last quarter. Intech Investment Management LLC lifted its holdings in shares of Northern Oil and Gas by 41.8% in the 1st quarter. Intech Investment Management LLC now owns 46,453 shares of the company's stock valued at $1,404,000 after buying an additional 13,690 shares during the period. Empowered Funds LLC lifted its holdings in shares of Northern Oil and Gas by 5.0% in the 1st quarter. Empowered Funds LLC now owns 65,217 shares of the company's stock valued at $1,972,000 after buying an additional 3,124 shares during the period. Strs Ohio acquired a new position in shares of Northern Oil and Gas in the 1st quarter valued at about $88,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Northern Oil and Gas by 3.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,334 shares of the company's stock valued at $1,763,000 after buying an additional 1,865 shares during the period. Hedge funds and other institutional investors own 98.80% of the company's stock.

About Northern Oil and Gas

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.