Zacks Research Has Bearish Estimate for NOG Q2 Earnings

Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) - Equities research analysts at Zacks Research dropped their Q2 2025 earnings per share (EPS) estimates for Northern Oil and Gas in a research note issued on Tuesday, May 13th. Zacks Research analyst N. Choudhury now expects that the company will earn $0.94 per share for the quarter, down from their previous estimate of $1.01. 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' Q3 2025 earnings at $1.02 EPS, Q4 2025 earnings at $1.03 EPS, FY2025 earnings at $4.32 EPS, Q1 2026 earnings at $0.96 EPS, Q2 2026 earnings at $0.94 EPS, Q3 2026 earnings at $1.02 EPS and Q4 2026 earnings at $1.11 EPS.

A number of other equities analysts also recently commented on the company. Royal Bank of Canada reduced their price objective on Northern Oil and Gas from $40.00 to $34.00 and set a "sector perform" rating on the stock in a research report on Monday, April 14th. Capital One Financial cut shares of Northern Oil and Gas from an "overweight" rating to an "equal weight" rating in a report on Friday, February 21st. Bank of America decreased their price target on Northern Oil and Gas from $48.00 to $41.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. Raymond James reiterated a "strong-buy" rating on shares of Northern Oil and Gas in a report on Tuesday, May 13th. Finally, Morgan Stanley reduced their price target on shares of Northern Oil and Gas from $43.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Northern Oil and Gas presently has a consensus rating of "Hold" and an average price target of $40.56.

Northern Oil and Gas Price Performance

Shares of NYSE:NOG traded down $0.11 during trading on Thursday, reaching $28.15. 559,891 shares of the company's stock traded hands, compared to its average volume of 1,804,506. Northern Oil and Gas has a fifty-two week low of $19.88 and a fifty-two week high of $44.31. The firm has a market cap of $2.78 billion, a PE ratio of 5.48 and a beta of 1.47. The company has a quick ratio of 1.23, a current ratio of 0.92 and a debt-to-equity ratio of 1.02. The company has a 50-day simple moving average of $26.35 and a 200-day simple moving average of $33.67.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.21. The firm had revenue of $602.10 million for the quarter, compared to the consensus estimate of $568.87 million. Northern Oil and Gas had a return on equity of 24.41% and a net margin of 23.38%. The firm's revenue for the quarter was up 51.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.28 EPS.

Northern Oil and Gas declared that its Board of Directors has initiated a share buyback plan on Tuesday, March 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 3.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's management believes its shares are undervalued.

Northern Oil and Gas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, June 27th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, June 27th. This represents a $1.80 annualized dividend and a dividend yield of 6.39%. Northern Oil and Gas's dividend payout ratio is 28.04%.

Insider Buying and Selling at Northern Oil and Gas

In other news, Director Bahram Akradi acquired 40,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average price of $28.03 per share, for a total transaction of $1,121,200.00. Following the completion of the acquisition, the director now directly owns 1,662,016 shares in the company, valued at $46,586,308.48. The trade was a 2.47% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Nicholas L. O'grady bought 1,000 shares of the company's stock in a transaction dated Friday, March 7th. The stock was bought at an average price of $27.48 per share, for a total transaction of $27,480.00. Following the acquisition, the chief executive officer now directly owns 226,189 shares of the company's stock, valued at approximately $6,215,673.72. This represents a 0.44% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.90% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Avior Wealth Management LLC lifted its stake in Northern Oil and Gas by 23.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,372 shares of the company's stock worth $51,000 after purchasing an additional 259 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Northern Oil and Gas by 9.1% during the 4th quarter. First Horizon Advisors Inc. now owns 3,473 shares of the company's stock valued at $129,000 after buying an additional 289 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in Northern Oil and Gas by 2.3% in the 4th quarter. Avantax Advisory Services Inc. now owns 13,112 shares of the company's stock worth $487,000 after buying an additional 298 shares during the last quarter. Summit Investment Advisors Inc. grew its position in Northern Oil and Gas by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 10,378 shares of the company's stock valued at $386,000 after acquiring an additional 329 shares during the last quarter. Finally, Legato Capital Management LLC grew its position in Northern Oil and Gas by 5.8% during the fourth quarter. Legato Capital Management LLC now owns 6,383 shares of the company's stock valued at $237,000 after acquiring an additional 349 shares during the last quarter. Hedge funds and other institutional investors own 98.80% of the company's stock.

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.