Zacks Research Analysts Decrease Earnings Estimates for NOG

Key Points

• Zacks Research has lowered its Q3 2025 earnings estimate for Northern Oil and Gas from $0.86 to $0.71 per share, impacting investor sentiment on the stock.
• Several analysts have also adjusted their price targets, with Mizuho reducing theirs to $32.00 while Citigroup raised it to $38.00, reflecting mixed opinions on the stock's future performance.
• Northern Oil and Gas announced a quarterly dividend of $0.45 per share, indicating a strong annual yield of 7.4% despite recent earnings revisions.

Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) - Zacks Research reduced their Q3 2025 earnings per share estimates for Northern Oil and Gas in a research note issued on Thursday, August 14th. Zacks Research analyst Team now expects that the company will post earnings per share of $0.71 for the quarter, down from their prior forecast of $0.86. 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 $0.88 EPS, Q2 2026 earnings at $0.68 EPS, Q3 2026 earnings at $0.75 EPS, Q4 2026 earnings at $0.87 EPS, FY2026 earnings at $3.10 EPS, Q1 2027 earnings at $0.91 EPS, Q2 2027 earnings at $0.92 EPS and FY2027 earnings at $3.67 EPS.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last posted its 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. Northern Oil and Gas had a net margin of 23.62% and a return on equity of 22.12%. The firm had revenue of $706.81 million during the quarter, compared to analysts' expectations of $555.54 million. During the same period last year, the company posted $1.46 EPS. The company's quarterly revenue was up 26.0% compared to the same quarter last year.

Several other research analysts have also recently issued reports on the stock. Royal Bank Of Canada decreased their target price on shares of Northern Oil and Gas from $34.00 to $33.00 and set a "sector perform" rating for the company in a report on Monday, July 14th. Bank of America raised their price objective on shares of Northern Oil and Gas from $29.00 to $33.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Mizuho lowered their price objective on Northern Oil and Gas from $33.00 to $32.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 16th. Raymond James Financial restated a "strong-buy" rating on shares of Northern Oil and Gas in a research note on Tuesday, May 13th. Finally, Morgan Stanley downgraded shares of Northern Oil and Gas from a "positive" rating to an "underweight" rating and decreased their price target for the company from $29.00 to $27.00 in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $36.89.

Northern Oil and Gas Stock Up 1.4%

Shares of NYSE:NOG traded up $0.33 during midday trading on Monday, reaching $23.57. The company's stock had a trading volume of 1,067,872 shares, compared to its average volume of 1,829,485. Northern Oil and Gas has a 12-month low of $19.88 and a 12-month high of $44.31. The firm has a 50 day moving average of $28.05 and a 200-day moving average of $28.35. The firm has a market capitalization of $2.30 billion, a P/E ratio of 3.89 and a beta of 1.55. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.98.

Institutional Investors Weigh In On Northern Oil and Gas

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NOG. Summit Investment Advisors Inc. lifted its stake in Northern Oil and Gas by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 10,378 shares of the company's stock worth $386,000 after acquiring an additional 329 shares during the last quarter. Mariner LLC increased its stake in shares of Northern Oil and Gas by 8.6% during the 4th quarter. Mariner LLC now owns 24,746 shares of the company's stock worth $920,000 after purchasing an additional 1,950 shares in the last quarter. Marshall Wace LLP increased its position in Northern Oil and Gas by 9.7% during the 4th quarter. Marshall Wace LLP now owns 9,540 shares of the company's stock worth $355,000 after purchasing an additional 840 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Northern Oil and Gas by 17.0% during the 4th quarter. First Trust Advisors LP now owns 492,362 shares of the company's stock worth $18,296,000 after purchasing an additional 71,545 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Northern Oil and Gas by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,296,886 shares of the company's stock worth $122,507,000 after acquiring an additional 68,631 shares during the period. Institutional investors and hedge funds own 98.80% of the company's stock.

Northern Oil and Gas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 29th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend is Monday, September 29th. Northern Oil and Gas's dividend payout ratio (DPR) is presently 29.70%.

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.