Zacks Research Analysts Cut Earnings Estimates for NOG

Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) - Analysts at Zacks Research cut their Q3 2025 earnings per share (EPS) estimates for Northern Oil and Gas in a research note issued on Wednesday, June 4th. Zacks Research analyst N. Choudhury now forecasts that the company will post earnings of $0.97 per share for the quarter, down from their prior forecast of $1.02. 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' Q4 2025 earnings at $1.02 EPS, FY2025 earnings at $4.26 EPS, Q1 2026 earnings at $0.86 EPS, Q2 2026 earnings at $0.80 EPS, Q3 2026 earnings at $0.92 EPS, Q4 2026 earnings at $0.99 EPS and Q1 2027 earnings at $0.99 EPS.

Other equities analysts also recently issued research reports about the company. Capital One Financial downgraded Northern Oil and Gas from an "overweight" rating to an "equal weight" rating in a research report on Friday, February 21st. Citigroup decreased their target price on Northern Oil and Gas from $55.00 to $45.00 and set a "buy" rating on the stock in a research report on Tuesday, February 25th. Piper Sandler decreased their target price on Northern Oil and Gas from $34.00 to $30.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Bank of America boosted their price target on Northern Oil and Gas from $29.00 to $33.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Finally, Royal Bank of Canada cut their target price on Northern Oil and Gas from $40.00 to $34.00 and set a "sector perform" rating for the company in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $39.67.

Northern Oil and Gas Stock Up 3.9%

NOG traded up $1.13 on Friday, hitting $29.88. 1,968,060 shares of the company were exchanged, compared to its average volume of 1,547,752. Northern Oil and Gas has a 12 month low of $19.88 and a 12 month high of $44.31. The company has a market cap of $2.95 billion, a PE ratio of 5.81 and a beta of 1.51. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.23 and a current ratio of 0.92. The stock's fifty day moving average is $25.60 and its 200-day moving average is $32.41.

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

Northern Oil and Gas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 6.02%. Northern Oil and Gas's dividend payout ratio is presently 28.04%.

Northern Oil and Gas announced that its board has authorized a stock repurchase plan on Tuesday, March 11th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. First Horizon Advisors Inc. lifted its position 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 during the last quarter. Avantax Advisory Services Inc. grew its position in shares of Northern Oil and Gas by 2.3% during the 4th quarter. Avantax Advisory Services Inc. now owns 13,112 shares of the company's stock valued at $487,000 after purchasing an additional 298 shares in the last quarter. Summit Investment Advisors Inc. grew its position in shares of Northern Oil and Gas by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 10,378 shares of the company's stock valued at $386,000 after purchasing an additional 329 shares in the last quarter. Legato Capital Management LLC grew its position in shares of Northern Oil and Gas by 5.8% during the 4th quarter. Legato Capital Management LLC now owns 6,383 shares of the company's stock valued at $237,000 after purchasing an additional 349 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Northern Oil and Gas by 60.0% in the 1st quarter. Signaturefd LLC now owns 1,080 shares of the company's stock valued at $33,000 after acquiring an additional 405 shares in 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.