Q2 Earnings Forecast for NOG Issued By Capital One Financial

Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) - Research analysts at Capital One Financial increased their Q2 2025 earnings per share (EPS) estimates for shares of Northern Oil and Gas in a research note issued to investors on Thursday, April 24th. Capital One Financial analyst P. Johnston now expects that the company will post earnings per share of $1.29 for the quarter, up from their prior forecast of $1.27. Capital One Financial has a "Equal Weight" rating on the stock. 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' Q3 2025 earnings at $1.28 EPS.

Several other research firms have also recently issued reports on NOG. Piper Sandler decreased their price target 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. Morgan Stanley cut their target price on shares of Northern Oil and Gas from $43.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 27th. Bank of America cut their target price on shares of Northern Oil and Gas from $48.00 to $41.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Royal Bank of Canada cut their target price on shares of Northern Oil and Gas from $40.00 to $34.00 and set a "sector perform" rating on the stock in a research report on Monday, April 14th. Finally, Truist Financial upped their target price on shares of Northern Oil and Gas from $52.00 to $55.00 and gave the company a "buy" rating in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $43.50.

Northern Oil and Gas Price Performance

NOG stock traded down $0.88 during midday trading on Friday, reaching $23.88. 1,392,467 shares of the company's stock traded hands, compared to its average volume of 1,497,026. The company has a 50-day simple moving average of $27.21 and a two-hundred day simple moving average of $34.72. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 4.65 and a beta of 1.49. Northern Oil and Gas has a 1-year low of $19.88 and a 1-year high of $44.31. The company has a quick ratio of 1.23, a current ratio of 0.92 and a debt-to-equity ratio of 1.02.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.21. Northern Oil and Gas had a return on equity of 24.41% and a net margin of 23.38%. The firm had revenue of $602.10 million during the quarter, compared to analysts' expectations of $568.87 million. During the same period last year, the firm posted $1.28 EPS. The business's revenue was up 51.9% on a year-over-year basis.

Institutional Trading of Northern Oil and Gas

A number of large investors have recently bought and sold shares of NOG. GAMMA Investing LLC raised its holdings in shares of Northern Oil and Gas by 21.0% in the fourth quarter. GAMMA Investing LLC now owns 2,120 shares of the company's stock valued at $79,000 after purchasing an additional 368 shares during the last quarter. Doliver Advisors LP raised its holdings in shares of Northern Oil and Gas by 2.9% in the fourth quarter. Doliver Advisors LP now owns 28,667 shares of the company's stock valued at $1,065,000 after purchasing an additional 800 shares during the last quarter. Insight Wealth Strategies LLC raised its holdings in shares of Northern Oil and Gas by 2.7% in the fourth quarter. Insight Wealth Strategies LLC now owns 28,550 shares of the company's stock valued at $1,061,000 after purchasing an additional 751 shares during the last quarter. Range Financial Group LLC acquired a new stake in shares of Northern Oil and Gas in the fourth quarter valued at approximately $332,000. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Northern Oil and Gas by 1.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 141,100 shares of the company's stock valued at $5,243,000 after purchasing an additional 2,636 shares during the last quarter. 98.80% of the stock is owned by institutional investors.

Insider Activity

In other Northern Oil and Gas news, CEO Nicholas L. O'grady bought 1,000 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average cost of $27.48 per share, with a total value of $27,480.00. Following the purchase, the chief executive officer now owns 226,189 shares in the company, valued at $6,215,673.72. This trade represents a 0.44 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bahram Akradi bought 40,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of $28.03 per share, with a total value of $1,121,200.00. Following the completion of the purchase, the director now 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. 2.90% of the stock is currently owned by company insiders.

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

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.