William Blair Issues Pessimistic Forecast for NOG Earnings

Key Points

• William Blair has lowered its FY2025 EPS estimates for Northern Oil and Gas to $4.28, down from $4.54, with a current consensus estimate of $5.18 per share for the full year.
• The company announced a quarterly dividend of $0.45 per share, resulting in an annualized dividend of $1.80 and a yield of 8.4%.
• Analysts have varying ratings on the stock, with the average consensus rating being "Hold" and a consensus target price of $33.00.

Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) - William Blair lowered their FY2025 EPS estimates for Northern Oil and Gas in a report issued on Wednesday, October 22nd. William Blair analyst N. Dingmann now expects that the company will post earnings per share of $4.28 for the year, down from their prior estimate of $4.54. 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' FY2026 earnings at $3.36 EPS, FY2027 earnings at $4.48 EPS, FY2028 earnings at $5.12 EPS and FY2029 earnings at $5.21 EPS.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last released its quarterly earnings results on Monday, March 6th. The company reported $1.06 EPS for the quarter. Northern Oil and Gas had a net margin of 23.62% and a return on equity of 22.12%. The business had revenue of $319.19 million for the quarter.

Other research analysts have also recently issued research reports about the company. Morgan Stanley restated an "underweight" rating and issued a $26.00 price target (down previously from $27.00) on shares of Northern Oil and Gas in a research report on Tuesday, October 14th. Royal Bank Of Canada decreased their price target on Northern Oil and Gas from $34.00 to $33.00 and set a "sector perform" rating on the stock in a research report on Monday, July 14th. Weiss Ratings restated a "hold (c-)" rating on shares of Northern Oil and Gas in a research report on Wednesday, October 8th. Citigroup decreased their target price on Northern Oil and Gas from $32.00 to $28.00 and set a "buy" rating on the stock in a research report on Monday. Finally, Piper Sandler reiterated a "neutral" rating and issued a $25.00 target price (down previously from $31.00) on shares of Northern Oil and Gas in a research report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $33.00.

Northern Oil and Gas Stock Up 0.2%

Shares of NYSE NOG opened at $21.44 on Thursday. 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 has a 52 week low of $19.88 and a 52 week high of $44.31. The stock has a market capitalization of $2.09 billion, a P/E ratio of 3.54 and a beta of 1.61. The stock's fifty day moving average is $24.68 and its 200 day moving average is $26.27.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NOG. DLD Asset Management LP grew its stake in Northern Oil and Gas by 42.9% in the 2nd 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. Nuveen LLC bought a new position in Northern Oil and Gas in the 1st quarter valued at $36,288,000. Dimensional Fund Advisors LP grew its stake in Northern Oil and Gas by 30.4% in the 1st 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. BW Gestao de Investimentos Ltda. bought a new position in Northern Oil and Gas in the 1st quarter valued at $14,137,000. Finally, American Century Companies Inc. grew its stake in 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 purchasing an additional 415,781 shares during the period. Institutional investors own 98.80% of the company's stock.

Northern Oil and Gas Dividend Announcement

The business also recently declared 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. The ex-dividend date is Monday, September 29th. This represents a $1.80 annualized dividend and a yield of 8.4%. 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.

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