Capital One Financial Forecasts NOG FY2025 Earnings

Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) - Research analysts at Capital One Financial increased their FY2025 EPS estimates for Northern Oil and Gas in a note issued to investors on Thursday, May 1st. Capital One Financial analyst P. Johnston now anticipates that the company will earn $5.02 per share for the year, up from their prior forecast 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.

NOG has been the subject of several other reports. Piper Sandler lowered their price target on Northern Oil and Gas from $37.00 to $35.00 and set a "neutral" rating for the company in a research report on Wednesday, January 29th. Truist Financial lifted their price objective on Northern Oil and Gas from $52.00 to $55.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Bank of America decreased their price objective on shares of Northern Oil and Gas from $48.00 to $41.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Morgan Stanley dropped their target price on 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. Finally, Citigroup reduced their target price on shares of Northern Oil and Gas from $55.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $43.50.

Northern Oil and Gas Stock Down 0.5 %

Shares of NYSE NOG traded down $0.11 on Friday, reaching $24.34. 455,263 shares of the company's stock traded hands, compared to its average volume of 1,501,790. The business's 50 day simple moving average is $26.44 and its two-hundred day simple moving average is $34.26. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 4.73 and a beta of 1.47. Northern Oil and Gas has a 12 month low of $19.88 and a 12 month 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 the consensus estimate of $1.12 by $0.21. The company had revenue of $602.10 million for the quarter, compared to analyst estimates of $568.87 million. Northern Oil and Gas had a return on equity of 24.41% and a net margin of 23.38%. The firm's revenue was up 51.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.28 earnings per share.

Institutional Trading of Northern Oil and Gas

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in shares of Northern Oil and Gas in the fourth quarter valued at about $21,691,000. Channing Capital Management LLC boosted its stake in shares of Northern Oil and Gas by 26.8% in the fourth quarter. Channing Capital Management LLC now owns 1,766,623 shares of the company's stock worth $65,648,000 after acquiring an additional 373,917 shares during the last quarter. American Century Companies Inc. increased its position in shares of Northern Oil and Gas by 3.9% during the fourth quarter. American Century Companies Inc. now owns 6,537,596 shares of the company's stock worth $242,937,000 after purchasing an additional 243,531 shares in the last quarter. Natixis purchased a new position in Northern Oil and Gas in the 4th quarter valued at $7,503,000. Finally, Ninepoint Partners LP purchased a new stake in shares of Northern Oil and Gas during the fourth quarter worth $7,432,000. 98.80% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Northern Oil and Gas news, CEO Nicholas L. O'grady purchased 1,000 shares of the stock in a transaction on Friday, March 7th. The shares were bought at an average cost of $27.48 per share, with a total value of $27,480.00. Following the completion of the acquisition, 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 purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Bahram Akradi acquired 40,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was bought at an average price of $28.03 per share, for a total transaction of $1,121,200.00. Following the transaction, the director now owns 1,662,016 shares in the company, valued at approximately $46,586,308.48. This represents a 2.47 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.90% of the company's stock.

Northern Oil and Gas announced that its board has initiated a share repurchase plan on Tuesday, March 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to purchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

Northern Oil and Gas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, June 27th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $1.80 dividend on an annualized basis and a yield of 7.40%. Northern Oil and Gas's payout ratio is 28.04%.

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.