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

Key Points

• Northern Oil and Gas is expected to report Q3 2026 earnings after the market closes Thursday, November 5. Analysts forecast earnings of $1.09 per share on revenue of $617.65 million, with a conference call scheduled for November 6.
• In its prior quarter, the company reported $1.13 EPS, below consensus estimates of $1.18, while revenue of $745.24 million exceeded expectations and rose 5.4% year over year.
• NOG recently declared a quarterly dividend of $0.45 per share, equivalent to $1.80 annually and a 6.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $31.56, above the reported share price of $28.00.

Northern Oil and Gas (NYSE:NOG - Get Free Report) is expected to be issuing its Q3 2026 results after the market closes on Thursday, November 5th. Analysts expect Northern Oil and Gas to post earnings of $1.09 per share and revenue of $617.65 million for the quarter. Individuals may visit the company's upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Friday, November 6, 2026 at 9:00 AM ET.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $1.13 earnings per share for the quarter, missing analysts' consensus estimates of $1.18 by ($0.05). Northern Oil and Gas had a negative net margin of 25.35% and a positive return on equity of 18.69%. The firm had revenue of $745.24 million during the quarter, compared to analyst estimates of $594.09 million. During the same quarter in the previous year, the business posted $1.37 EPS. Northern Oil and Gas's revenue was up 5.4% compared to the same quarter last year. On average, analysts expect Northern Oil and Gas to post $3.82 EPS for the current fiscal year and $4.60 EPS for the next fiscal year.

Northern Oil and Gas Price Performance

NOG stock opened at $28.00 on Thursday. The company has a market cap of $2.98 billion, a PE ratio of -5.40 and a beta of 0.90. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The stock has a 50-day moving average price of $25.69 and a two-hundred day moving average price of $24.45. Northern Oil and Gas has a 12-month low of $17.18 and a 12-month high of $31.17.

Northern Oil and Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, September 29th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Tuesday, September 29th. Northern Oil and Gas's dividend payout ratio (DPR) is -34.75%.

Analysts Set New Price Targets

A number of research firms recently issued reports on NOG. Raymond James Financial reissued an "outperform" rating and set a $34.00 target price on shares of Northern Oil and Gas in a research report on Wednesday. Citigroup raised their price target on shares of Northern Oil and Gas from $28.00 to $32.00 and gave the company a "buy" rating in a report on Thursday, October 15th. Scotiabank began coverage on shares of Northern Oil and Gas in a research report on Wednesday, October 14th. They set a "sector perform" rating and a $27.00 price target on the stock. Weiss Ratings cut shares of Northern Oil and Gas from a "sell (d+)" rating to a "sell (d)" rating in a research report on Thursday, October 8th. Finally, Wall Street Zen upgraded shares of Northern Oil and Gas from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Northern Oil and Gas has a consensus rating of "Hold" and an average target price of $31.56.

About Northern Oil and Gas

Northern Oil and Gas, Inc is an independent energy company engaged in the acquisition, development and production of crude oil, natural gas and natural gas liquids in the United States. The company primarily holds non-operated working interests, allowing it to participate in wells drilled and managed by other exploration and production companies while maintaining exposure to a broad portfolio of oil and gas assets.

Northern Oil and Gas has historically focused on properties in the Williston Basin of North Dakota and Montana and has expanded its operations into other major U.S.

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