FY2025 EPS Estimates for NOG Lifted by Capital One Financial

Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) - Research analysts at Capital One Financial increased their FY2025 earnings per share estimates for shares of Northern Oil and Gas in a research report issued on Thursday, May 1st. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings per share of $5.02 for the year, up from their prior estimate of $5.01. 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' FY2026 earnings at $4.17 EPS.

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

A number of other research firms have also weighed in on NOG. Morgan Stanley lowered their price objective on Northern Oil and Gas from $43.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 27th. Truist Financial upped their price objective on shares of Northern Oil and Gas from $52.00 to $55.00 and gave the company a "buy" rating in a report on Monday, January 13th. 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 on the stock in a research note on Monday, April 14th. Citigroup dropped their price target on shares of Northern Oil and Gas from $55.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday, February 25th. Finally, Piper Sandler reduced their price target on shares of Northern Oil and Gas from $37.00 to $35.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $43.50.

Northern Oil and Gas Price Performance

Shares of Northern Oil and Gas stock traded up $0.21 on Friday, hitting $24.51. 1,521,521 shares of the company were exchanged, compared to its average volume of 1,504,585. 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. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 4.77 and a beta of 1.47. The company has a 50-day moving average price of $26.58 and a 200 day moving average price of $34.32.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC raised its position in Northern Oil and Gas by 297.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,098 shares of the company's stock valued at $77,000 after purchasing an additional 1,570 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Northern Oil and Gas by 2.5% in the fourth quarter. Principal Financial Group Inc. now owns 481,797 shares of the company's stock valued at $17,904,000 after acquiring an additional 11,690 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Northern Oil and Gas by 36.1% in the fourth quarter. State of Alaska Department of Revenue now owns 77,439 shares of the company's stock valued at $2,877,000 after acquiring an additional 20,550 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Northern Oil and Gas in the fourth quarter worth approximately $909,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Northern Oil and Gas by 7.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,058,899 shares of the company's stock worth $39,349,000 after acquiring an additional 73,256 shares in the last quarter. 98.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Northern Oil and Gas

In other Northern Oil and Gas news, Director Bahram Akradi purchased 40,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was bought at an average price of $28.03 per share, with a total value of $1,121,200.00. Following the transaction, the director now directly owns 1,662,016 shares of the company's stock, valued at approximately $46,586,308.48. This represents a 2.47 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Nicholas L. O'grady purchased 1,000 shares of the company's stock in a transaction on Friday, March 7th. The stock was acquired at an average price 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 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 disclosure for this purchase can be found here. Company insiders own 2.90% of the company's stock.

Northern Oil and Gas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Friday, June 27th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 7.34%. The ex-dividend date is Friday, June 27th. Northern Oil and Gas's dividend payout ratio (DPR) is 28.04%.

Northern Oil and Gas announced that its Board of Directors has authorized a share buyback 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 stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

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.