William Blair Begins Coverage on Northern Oil and Gas (NYSE:NOG)

Key Points

• William Blair has initiated coverage on Northern Oil and Gas (NYSE:NOG) with an "outperform" rating, signaling positive expectations for the stock.
• Several other research firms have also recently adjusted their ratings and target prices for NOG, with Citigroup increasing its target price to $38.00 and maintaining a "buy" rating.
• Northern Oil and Gas reported $1.37 EPS for the last quarter, significantly beating analysts' estimates, alongside a revenue exceeding $706.81 million.

William Blair initiated coverage on shares of Northern Oil and Gas (NYSE:NOG - Free Report) in a research report report published on Monday, MarketBeat.com reports. The brokerage issued an outperform rating on the stock. William Blair also issued estimates for Northern Oil and Gas' Q3 2025 earnings at $0.91 EPS, 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.

A number of other equities analysts have also recently commented on the stock. Piper Sandler reaffirmed a "neutral" rating and set a $25.00 price target (down from $31.00) on shares of Northern Oil and Gas in a research note on Monday, August 4th. Bank of America increased their price objective 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. 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 research report on Wednesday, July 9th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Northern Oil and Gas in a report on Tuesday, May 13th. Finally, Mizuho cut 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 report on Wednesday, July 16th. One 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $36.89.

Northern Oil and Gas Price Performance

Shares of NYSE:NOG traded down $0.01 on Monday, reaching $26.19. The company's stock had a trading volume of 1,069,025 shares, compared to its average volume of 1,899,712. Northern Oil and Gas has a 52-week low of $19.88 and a 52-week high of $44.31. The company has a market cap of $2.56 billion, a P/E ratio of 4.32 and a beta of 1.55. The company has a 50-day simple moving average of $27.20 and a 200 day simple moving average of $27.84. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.21 and a current ratio of 1.21.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last released its quarterly 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. 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 was up 26.0% on a year-over-year basis. During the same quarter last year, the business posted $1.46 earnings per share. As a group, equities research analysts anticipate that Northern Oil and Gas will post 5.18 EPS for the current fiscal year.

Northern Oil and Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 29th will be given a $0.45 dividend. The ex-dividend date is Monday, September 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.9%. Northern Oil and Gas's dividend payout ratio is 29.70%.

Institutional Trading of Northern Oil and Gas

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

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.