Q3 EPS Estimates for NOG Lowered by Capital One Financial

Key Points

• Capital One Financial has revised down its Q3 2025 earnings estimate for Northern Oil and Gas to $0.85 per share from a previous estimate of $0.95.
• Despite the lower estimates, Northern Oil and Gas reported $1.37 EPS for the last quarter, surpassing expectations of $0.87, with revenues of $706.81 million.
• The company announced a quarterly dividend of $0.45, representing an annualized yield of 6.9%, with the ex-dividend date set for September 29th.

Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) - Capital One Financial lowered their Q3 2025 earnings per share estimates for Northern Oil and Gas in a research report issued on Wednesday, August 27th. Capital One Financial analyst P. Johnston now expects that the company will post earnings per share of $0.85 for the quarter, down from their prior estimate of $0.95. 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' Q4 2025 earnings at $0.91 EPS, Q1 2026 earnings at $0.65 EPS, Q2 2026 earnings at $0.63 EPS, Q3 2026 earnings at $0.76 EPS, Q4 2026 earnings at $0.84 EPS and FY2026 earnings at $2.87 EPS.

Other equities analysts have also recently issued research reports about the company. Morgan Stanley cut Northern Oil and Gas from a "positive" rating to an "underweight" rating and dropped their price target for the stock from $29.00 to $27.00 in a research note on Monday, August 18th. William Blair started coverage on Northern Oil and Gas in a research note on Monday, August 25th. They set an "outperform" rating on the stock. Royal Bank Of Canada lowered 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. Mizuho lowered 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, Piper Sandler reissued a "neutral" rating and issued a $25.00 price target (down previously from $31.00) on shares of Northern Oil and Gas in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Northern Oil and Gas presently has an average rating of "Moderate Buy" and an average target price of $36.89.

Northern Oil and Gas Price Performance

Northern Oil and Gas stock traded down $0.85 during midday trading on Friday, hitting $25.89. The company's stock had a trading volume of 312,044 shares, compared to its average volume of 1,811,045. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.98. The stock's 50-day moving average price is $27.09 and its 200-day moving average price is $27.67. Northern Oil and Gas has a 12 month low of $19.88 and a 12 month high of $44.31. The company has a market capitalization of $2.53 billion, a PE ratio of 4.27 and a beta of 1.67.

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

Institutional Investors Weigh In On Northern Oil and Gas

Several institutional investors and hedge funds have recently added to or reduced their stakes in NOG. DLD Asset Management LP lifted its holdings in Northern Oil and Gas by 42.9% in the 2nd 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. Nuveen LLC acquired a new stake in Northern Oil and Gas in the 1st quarter worth approximately $36,288,000. Dimensional Fund Advisors LP lifted its holdings in 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 worth $129,939,000 after purchasing an additional 1,001,493 shares during the last quarter. BW Gestao de Investimentos Ltda. acquired a new stake in Northern Oil and Gas in the 1st quarter worth approximately $14,137,000. Finally, American Century Companies Inc. lifted its holdings in Northern Oil and Gas by 6.4% in the 1st quarter. American Century Companies Inc. now owns 6,953,377 shares of the company's stock worth $210,201,000 after purchasing an additional 415,781 shares during the last quarter. 98.80% of the stock is currently owned by institutional investors and hedge funds.

Northern Oil and Gas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 29th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 7.0%. The ex-dividend date is Monday, September 29th. Northern Oil and Gas's payout ratio is 29.70%.

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.