Q1 EPS Estimate for Northern Oil and Gas Lifted by Analyst

Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) - Investment analysts at Capital One Financial increased their Q1 2025 earnings estimates for Northern Oil and Gas in a research note issued to investors on Wednesday, March 5th. Capital One Financial analyst P. Johnston now expects that the company will post earnings of $1.17 per share for the quarter, up from their prior forecast of $1.13. Capital One Financial has a "Equal Weight" rating on the stock. The consensus estimate for Northern Oil and Gas' current full-year earnings is $5.18 per share. Capital One Financial also issued estimates for Northern Oil and Gas' Q2 2025 earnings at $1.13 EPS, Q3 2025 earnings at $1.14 EPS, Q4 2025 earnings at $1.21 EPS, FY2025 earnings at $4.64 EPS and FY2026 earnings at $4.36 EPS.

Several other analysts have also recently weighed in on the stock. Royal Bank of Canada dropped their price objective on shares of Northern Oil and Gas from $45.00 to $40.00 and set a "sector perform" rating for the company in a research note on Thursday, February 13th. Truist Financial raised their target price on shares of Northern Oil and Gas from $52.00 to $55.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Citigroup cut their price target on Northern Oil and Gas from $55.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday, February 25th. Piper Sandler lowered their price objective on Northern Oil and Gas from $37.00 to $35.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. Finally, Morgan Stanley set a $43.00 price objective on Northern Oil and Gas in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $46.89.

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Northern Oil and Gas Stock Performance

Shares of NYSE:NOG traded down $0.48 during trading on Monday, reaching $28.32. 855,670 shares of the stock were exchanged, compared to its average volume of 1,689,597. Northern Oil and Gas has a 12 month low of $26.59 and a 12 month high of $44.31. The stock has a 50-day moving average price of $35.60 and a 200-day moving average price of $37.48. The company has a current ratio of 0.92, a quick ratio of 1.23 and a debt-to-equity ratio of 1.02. The firm has a market cap of $2.81 billion, a PE ratio of 5.50 and a beta of 1.84.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $1.11 EPS for the quarter, missing analysts' consensus estimates of $1.27 by ($0.16). The company had revenue of $545.47 million during the quarter, compared to analyst estimates of $552.34 million. Northern Oil and Gas had a net margin of 23.38% and a return on equity of 24.41%.

Northern Oil and Gas Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $1.80 annualized dividend and a dividend yield of 6.36%. This is an increase from Northern Oil and Gas's previous quarterly dividend of $0.42. Northern Oil and Gas's dividend payout ratio (DPR) is presently 35.02%.

Northern Oil and Gas declared that its board has initiated a share buyback program on Tuesday, March 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 3.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Insider Transactions at Northern Oil and Gas

In other news, President Adam A. Dirlam sold 836 shares of the business's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $39.00, for a total value of $32,604.00. Following the transaction, the president now owns 96,223 shares in the company, valued at approximately $3,752,697. The trade was a 0.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Nicholas L. O'grady acquired 1,000 shares of Northern Oil and Gas stock in a transaction dated Friday, March 7th. The stock was purchased at an average cost of $27.48 per share, for a total transaction of $27,480.00. Following the completion of the purchase, the chief executive officer now owns 226,189 shares in the company, valued at approximately $6,215,673.72. The trade was a 0.44 % increase in their position. The disclosure for this purchase can be found here. 2.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Northern Oil and Gas

Several institutional investors and hedge funds have recently made changes to their positions in the business. Legacy Investment Solutions LLC acquired a new position in Northern Oil and Gas in the third quarter valued at approximately $25,000. Headlands Technologies LLC bought a new position in Northern Oil and Gas during the fourth quarter worth $29,000. Blue Trust Inc. boosted its stake in Northern Oil and Gas by 177.2% during the fourth quarter. Blue Trust Inc. now owns 1,253 shares of the company's stock worth $44,000 after acquiring an additional 801 shares in the last quarter. Avior Wealth Management LLC grew its holdings in Northern Oil and Gas by 23.3% in 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 period. Finally, SBI Securities Co. Ltd. bought a new stake in Northern Oil and Gas in the fourth quarter valued at $66,000. 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.