What is William Blair's Forecast for NOG Q3 Earnings?

Key Points

• William Blair has estimated that Northern Oil and Gas will earn $0.91 per share in Q3 2025, maintaining an "Outperform" rating for the stock.
• The company reported $1.37 EPS for the last quarter, significantly exceeding the consensus estimate by $0.50, with revenue up 26% year-over-year.
• Northern Oil and Gas is set to pay a quarterly dividend of $0.45 per share, providing an annualized yield of 7.1%.

Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) - Analysts at William Blair issued their Q3 2025 earnings estimates for shares of Northern Oil and Gas in a note issued to investors on Sunday, August 24th. William Blair analyst N. Dingmann expects that the company will earn $0.91 per share for the quarter. William Blair has a "Outperform" rating on the stock. The consensus estimate for Northern Oil and Gas' current full-year earnings is $5.18 per share. William Blair also issued estimates for Northern Oil and Gas' Q4 2025 earnings at $0.93 EPS, FY2025 earnings at $4.54 EPS, FY2026 earnings at $3.51 EPS, FY2027 earnings at $4.65 EPS, FY2028 earnings at $5.26 EPS and FY2029 earnings at $5.33 EPS.

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

Several other research firms have also recently issued reports on NOG. Royal Bank Of Canada decreased their price objective on shares of Northern Oil and Gas from $34.00 to $33.00 and set a "sector perform" rating for the company in a report on Monday, July 14th. Citigroup increased their price objective on shares of Northern Oil and Gas from $34.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Mizuho decreased their price objective on shares of Northern Oil and Gas from $33.00 to $32.00 and set a "neutral" rating for the company in a report on Wednesday, July 16th. Morgan Stanley cut shares of Northern Oil and Gas from a "positive" rating to an "underweight" rating and decreased their price objective for the company from $29.00 to $27.00 in a report on Monday, August 18th. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of Northern Oil and Gas in a report on Tuesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $36.89.

Northern Oil and Gas Price Performance

NYSE NOG opened at $25.32 on Wednesday. Northern Oil and Gas has a 52 week low of $19.88 and a 52 week high of $44.31. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.98. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 4.18 and a beta of 1.55. The company has a 50-day moving average price of $27.51 and a two-hundred day moving average price of $27.99.

Institutional Trading of Northern Oil and Gas

Large investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue boosted its holdings in Northern Oil and Gas by 25.3% during the first quarter. State of Alaska Department of Revenue now owns 97,025 shares of the company's stock worth $2,932,000 after buying an additional 19,586 shares in the last quarter. American Century Companies Inc. lifted its position in shares of 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 valued at $210,201,000 after acquiring an additional 415,781 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Northern Oil and Gas by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 494,508 shares of the company's stock valued at $14,949,000 after acquiring an additional 12,711 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Northern Oil and Gas by 7.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,141,754 shares of the company's stock valued at $34,515,000 after acquiring an additional 82,855 shares in the last quarter. Finally, Motley Fool Asset Management LLC lifted its position in shares of Northern Oil and Gas by 21.2% in the 1st quarter. Motley Fool Asset Management LLC now owns 85,483 shares of the company's stock valued at $2,584,000 after acquiring an additional 14,945 shares in the last quarter. 98.80% of the stock is currently owned by institutional investors.

Northern Oil and Gas Announces Dividend

The firm 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 dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Monday, September 29th. Northern Oil and Gas's dividend payout ratio (DPR) is presently 29.70%.

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.

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