What is William Blair's Estimate 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) - Investment analysts at William Blair issued their Q3 2025 earnings per share (EPS) estimates for shares of Northern Oil and Gas in a research note issued on Sunday, August 24th. William Blair analyst N. Dingmann forecasts that the company will post earnings per share of $0.91 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 released its quarterly earnings results on Thursday, July 31st. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.50. The business had revenue of $706.81 million during the quarter, compared to analysts' expectations of $555.54 million. Northern Oil and Gas had a return on equity of 22.12% and a net margin of 23.62%.The firm's revenue for the quarter was up 26.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.46 EPS.

Several other equities research analysts have also issued reports on the company. Bank of America raised their price objective on Northern Oil and Gas from $29.00 to $33.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Citigroup raised their price objective on Northern Oil and Gas from $34.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Northern Oil and Gas in a research note on Tuesday, May 13th. Morgan Stanley lowered Northern Oil and Gas from a "positive" rating to an "underweight" rating and lowered their price objective for the company from $29.00 to $27.00 in a research note on Monday, August 18th. Finally, Mizuho lowered their price objective on Northern Oil and Gas from $33.00 to $32.00 and set a "neutral" rating for the company in a research note on Wednesday, July 16th. One investment 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 assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $36.89.

Northern Oil and Gas Trading Down 0.0%

Shares of NYSE:NOG traded down $0.01 during trading on Wednesday, hitting $26.19. The company had a trading volume of 1,069,025 shares, compared to its average volume of 1,770,415. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 4.32 and a beta of 1.67. Northern Oil and Gas has a one year low of $19.88 and a one year high of $44.31. The company has a fifty day simple moving average of $27.13 and a two-hundred day simple moving average of $27.68. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.21 and a quick ratio of 1.21.

Institutional Investors Weigh In On Northern Oil and Gas

Institutional investors and hedge funds have recently modified their holdings of the business. Teacher Retirement System of Texas raised its position in Northern Oil and Gas by 2.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 14,270 shares of the company's stock valued at $405,000 after purchasing an additional 402 shares in the last quarter. Signaturefd LLC raised its position in Northern Oil and Gas by 60.0% during the 1st quarter. Signaturefd LLC now owns 1,080 shares of the company's stock valued at $33,000 after purchasing an additional 405 shares in the last quarter. Byrne Asset Management LLC raised its position in Northern Oil and Gas by 54.9% during the 1st quarter. Byrne Asset Management LLC now owns 1,363 shares of the company's stock valued at $41,000 after purchasing an additional 483 shares in the last quarter. Fifth Third Bancorp raised its position in Northern Oil and Gas by 26.7% during the 1st quarter. Fifth Third Bancorp now owns 2,480 shares of the company's stock valued at $75,000 after purchasing an additional 523 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in Northern Oil and Gas by 133.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 954 shares of the company's stock valued at $27,000 after purchasing an additional 545 shares in the last quarter. 98.80% of the stock is owned by institutional investors.

Northern Oil and Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 29th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Monday, September 29th. Northern Oil and Gas's dividend payout ratio (DPR) is currently 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.