Zacks Research Has Optimistic Outlook of NOG Q3 Earnings

Key Points

• Zacks Research has raised its Q3 2025 earnings per share estimate for Northern Oil and Gas from $0.71 to $0.73, with a full-year estimate of $5.18 per share.
• The company recently declared a quarterly dividend of $0.45 per share, with an annualized yield of 7.0%, set to be paid on October 31st.
• Institutional investors own 98.80% of Northern Oil and Gas, indicating strong backing and confidence in the company's future performance.

Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) - Analysts at Zacks Research upped their Q3 2025 earnings estimates for Northern Oil and Gas in a report released on Wednesday, September 10th. Zacks Research analyst Team now anticipates that the company will post earnings of $0.73 per share for the quarter, up from their previous forecast of $0.71. 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' Q1 2026 earnings at $0.75 EPS and FY2027 earnings at $3.19 EPS.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $1.37 earnings per share (EPS) for the quarter, beating 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 company had revenue of $706.81 million for the quarter, compared to analysts' expectations of $555.54 million. During the same quarter in the previous year, the company earned $1.46 earnings per share. Northern Oil and Gas's quarterly revenue was up 26.0% on a year-over-year basis.

A number of other brokerages have also recently weighed in on NOG. Piper Sandler restated 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. Royal Bank Of Canada cut their price objective on shares of Northern Oil and Gas from $34.00 to $33.00 and set a "sector perform" rating on the stock in a report on Monday, July 14th. William Blair began coverage on shares of Northern Oil and Gas in a report on Monday, August 25th. They issued an "outperform" rating on the stock. Mizuho cut their price objective on shares of Northern Oil and Gas from $33.00 to $32.00 and set a "neutral" rating on the stock in a report on Wednesday, July 16th. Finally, Citigroup upped their price objective on shares of 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 research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $36.89.

Northern Oil and Gas Trading Down 1.0%

Shares of NYSE NOG traded down $0.26 during midday trading on Friday, hitting $25.50. 844,977 shares of the company traded hands, compared to its average volume of 1,437,372. Northern Oil and Gas has a 12-month low of $19.88 and a 12-month high of $44.31. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a 50-day moving average price of $26.46 and a 200 day moving average price of $27.16. The firm has a market cap of $2.49 billion, a P/E ratio of 4.21 and a beta of 1.67.

Northern Oil and Gas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 7.1%. Northern Oil and Gas's dividend payout ratio is presently 29.70%.

Institutional Investors Weigh In On Northern Oil and Gas

A number of institutional investors have recently made changes to their positions in NOG. Captrust Financial Advisors grew its holdings in shares of Northern Oil and Gas by 6.8% during the fourth quarter. Captrust Financial Advisors now owns 19,729 shares of the company's stock valued at $733,000 after buying an additional 1,251 shares during the last quarter. Cetera Investment Advisers lifted its position in Northern Oil and Gas by 26.7% during the fourth quarter. Cetera Investment Advisers now owns 13,749 shares of the company's stock valued at $511,000 after purchasing an additional 2,898 shares during the period. Gotham Asset Management LLC bought a new position in Northern Oil and Gas during the fourth quarter valued at approximately $3,768,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Northern Oil and Gas by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,469 shares of the company's stock valued at $2,098,000 after purchasing an additional 2,157 shares during the period. Finally, ProShare Advisors LLC lifted its position in Northern Oil and Gas by 44.4% during the fourth quarter. ProShare Advisors LLC now owns 29,899 shares of the company's stock valued at $1,111,000 after purchasing an additional 9,193 shares during the period. Hedge funds and other institutional investors own 98.80% of the company's stock.

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.