Zacks Research Has Optimistic Outlook of NOG FY2025 Earnings

Key Points

• Zacks Research has raised their FY2025 earnings per share estimate for Northern Oil and Gas to $4.31, slightly up from the previous estimate of $4.29, while the full-year consensus estimate is $5.18.
• Northern Oil and Gas reported a strong quarterly performance, with an EPS of $1.37, which beat consensus estimates by $0.50, and a revenue of $706.81 million, up 26.0% year-over-year.
• A recent quarterly dividend of $0.45 per share was announced, equating to an annualized dividend of $1.80 and a yield of 7.0%, indicating a healthy return for shareholders.

Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) - Analysts at Zacks Research boosted their FY2025 earnings per share estimates for shares of Northern Oil and Gas in a research report issued to clients and investors on Wednesday, September 10th. Zacks Research analyst Team now expects that the company will earn $4.31 per share for the year, up from their prior estimate of $4.29. The consensus estimate for Northern Oil and Gas' current full-year earnings is $5.18 per share. Zacks Research also issued estimates for Northern Oil and Gas' Q2 2026 earnings at $0.60 EPS, Q3 2026 earnings at $0.74 EPS, Q4 2026 earnings at $0.84 EPS, FY2026 earnings at $2.93 EPS, Q1 2027 earnings at $0.78 EPS and Q2 2027 earnings at $0.79 EPS.

Other equities analysts also recently issued research reports about the company. Royal Bank Of Canada decreased their target price on 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. Bank of America upped their target price on Northern Oil and Gas from $29.00 to $33.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Morgan Stanley downgraded Northern Oil and Gas from a "positive" rating to an "underweight" rating and decreased their price objective for the stock from $29.00 to $27.00 in a report on Monday, August 18th. Piper Sandler reiterated a "neutral" rating and issued a $25.00 price objective (down previously from $31.00) on shares of Northern Oil and Gas in a report on Monday, August 4th. Finally, Citigroup increased their price objective on Northern Oil and Gas from $34.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Northern Oil and Gas currently has an average rating of "Moderate Buy" and an average price target of $36.44.

Northern Oil and Gas Price Performance

Shares of NYSE NOG traded up $0.75 during midday trading on Thursday, hitting $25.71. 636,986 shares of the company's stock were exchanged, compared to its average volume of 1,790,822. The business's fifty day moving average price is $26.38 and its two-hundred day moving average price is $27.12. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 4.24 and a beta of 1.67. Northern Oil and Gas has a 12-month low of $19.88 and a 12-month 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.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.50. The company had revenue of $706.81 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted $1.46 EPS.

Institutional Investors Weigh In On Northern Oil and Gas

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. DLD Asset Management LP increased its holdings in shares of Northern Oil and Gas by 42.9% in the second quarter. DLD Asset Management LP now owns 25,000,000 shares of the company's stock valued at $708,750,000 after purchasing an additional 7,500,000 shares during the period. American Century Companies Inc. increased its holdings in shares of Northern Oil and Gas by 6.4% in the first quarter. American Century Companies Inc. now owns 6,953,377 shares of the company's stock valued at $210,201,000 after purchasing an additional 415,781 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Northern Oil and Gas by 30.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,298,379 shares of the company's stock valued at $129,939,000 after purchasing an additional 1,001,493 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Northern Oil and Gas by 25.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,951,505 shares of the company's stock valued at $56,867,000 after purchasing an additional 397,128 shares during the period. Finally, Channing Capital Management LLC increased its holdings in shares of Northern Oil and Gas by 8.7% in the first quarter. Channing Capital Management LLC now owns 1,920,258 shares of the company's stock valued at $58,049,000 after purchasing an additional 153,635 shares during the period. 98.80% of the stock is currently owned by hedge funds and other institutional investors.

Northern Oil and Gas Announces Dividend

The business also recently disclosed 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 7.0%. The ex-dividend date is Monday, September 29th. Northern Oil and Gas's dividend payout ratio is 29.70%.

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.