Q1 EPS Estimates for NOG Lifted by Capital One Financial

Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) - Research analysts at Capital One Financial raised their Q1 2025 earnings estimates for shares of Northern Oil and Gas in a note issued to investors on Thursday, April 24th. Capital One Financial analyst P. Johnston now expects that the company will post earnings per share of $1.12 for the quarter, up from their prior estimate of $1.11. Capital One Financial currently 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' Q4 2025 earnings at $1.32 EPS, FY2025 earnings at $5.01 EPS and FY2026 earnings at $4.07 EPS.

NOG has been the subject of several other research reports. Piper Sandler dropped their target price on Northern Oil and Gas from $37.00 to $35.00 and set a "neutral" rating for the company in a research report on Wednesday, January 29th. Truist Financial upped their price objective on Northern Oil and Gas from $52.00 to $55.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Bank of America decreased their target price on Northern Oil and Gas from $48.00 to $41.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. 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 note on Thursday, March 27th. Finally, Citigroup lowered their price objective on shares of Northern Oil and Gas from $55.00 to $45.00 and set a "buy" rating for the company in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $43.50.

Northern Oil and Gas Trading Down 0.1 %

Shares of NOG stock traded down $0.03 during trading hours on Monday, reaching $24.77. 3,233,224 shares of the stock were exchanged, compared to its average volume of 1,497,254. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 4.82 and a beta of 1.49. Northern Oil and Gas has a 12-month low of $19.88 and a 12-month high of $44.31. The company's 50-day moving average price is $27.43 and its 200-day moving average price is $34.79. The company has a current ratio of 0.92, a quick ratio of 1.23 and a debt-to-equity ratio of 1.02.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.19. Northern Oil and Gas had a return on equity of 24.41% and a net margin of 23.38%. During the same quarter last year, the firm posted $1.28 EPS. The firm's revenue was up 51.9% on a year-over-year basis.

Institutional Trading of Northern Oil and Gas

Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its stake in shares of Northern Oil and Gas by 21.0% during the fourth quarter. GAMMA Investing LLC now owns 2,120 shares of the company's stock worth $79,000 after acquiring an additional 368 shares during the last quarter. Doliver Advisors LP increased its stake in Northern Oil and Gas by 2.9% during the 4th quarter. Doliver Advisors LP now owns 28,667 shares of the company's stock valued at $1,065,000 after purchasing an additional 800 shares in the last quarter. Insight Wealth Strategies LLC raised its holdings in shares of Northern Oil and Gas by 2.7% in the fourth quarter. Insight Wealth Strategies LLC now owns 28,550 shares of the company's stock worth $1,061,000 after buying an additional 751 shares during the last quarter. Range Financial Group LLC acquired a new stake in shares of Northern Oil and Gas during the fourth quarter worth $332,000. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Northern Oil and Gas by 1.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 141,100 shares of the company's stock valued at $5,243,000 after buying an additional 2,636 shares during the last quarter. Institutional investors and hedge funds own 98.80% of the company's stock.

Insider Activity at Northern Oil and Gas

In related news, CEO Nicholas L. O'grady purchased 1,000 shares of the business's stock in a transaction dated Friday, March 7th. The shares were acquired at an average cost of $27.48 per share, for a total transaction of $27,480.00. Following the acquisition, the chief executive officer now owns 226,189 shares of the company's stock, valued at $6,215,673.72. The trade was a 0.44 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bahram Akradi acquired 40,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average cost of $28.03 per share, for a total transaction of $1,121,200.00. Following the transaction, the director now owns 1,662,016 shares of the company's stock, valued at $46,586,308.48. This represents a 2.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.90% of the stock is currently owned by corporate insiders.

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

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.