What is Zacks Research's Estimate for NOG Q1 Earnings?

Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) - Analysts at Zacks Research boosted their Q1 2025 earnings per share (EPS) estimates for shares of Northern Oil and Gas in a research note issued to investors on Wednesday, March 5th. Zacks Research analyst N. Choudhury now forecasts that the company will post earnings per share of $1.20 for the quarter, up from their previous forecast of $1.18. 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 $1.22 EPS, FY2025 earnings at $4.70 EPS, Q1 2026 earnings at $1.07 EPS, Q3 2026 earnings at $1.20 EPS and FY2026 earnings at $4.74 EPS.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $1.11 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.16). The firm 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%.

A number of other research analysts have also recently issued reports on NOG. Capital One Financial cut shares of Northern Oil and Gas from an "overweight" rating to an "equal weight" rating in a research note on Friday, February 21st. Royal Bank of Canada dropped their price target on Northern Oil and Gas from $45.00 to $40.00 and set a "sector perform" rating for the company in a report on Thursday, February 13th. Morgan Stanley set a $43.00 price objective on Northern Oil and Gas in a research note on Wednesday, January 22nd. Mizuho lowered Northern Oil and Gas from an "outperform" rating to a "neutral" rating and set a $47.00 target price for the company. in a research note on Monday, December 16th. Finally, 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 report on Tuesday, February 25th. 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 company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $46.89.

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Northern Oil and Gas Price Performance

NYSE:NOG traded down $0.48 on Monday, reaching $28.32. The stock had a trading volume of 855,670 shares, compared to its average volume of 1,689,597. 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 market capitalization of $2.81 billion, a P/E ratio of 5.50 and a beta of 1.84. Northern Oil and Gas has a 1-year low of $26.59 and a 1-year high of $44.31. The stock has a fifty day moving average price of $35.60 and a 200-day moving average price of $37.48.

Northern Oil and Gas Increases Dividend

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

Northern Oil and Gas declared that its Board of Directors has authorized a share buyback program on Tuesday, March 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to purchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

Insider Activity

In related news, President Adam A. Dirlam sold 836 shares of the 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 sale, the president now directly owns 96,223 shares in the company, valued at $3,752,697. This trade represents a 0.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Nicholas L. O'grady acquired 1,000 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were purchased at an average price of $27.48 per share, with a total value of $27,480.00. Following the acquisition, the chief executive officer now owns 226,189 shares of the company's stock, valued at approximately $6,215,673.72. This trade represents a 0.44 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.80% of the company's stock.

Hedge Funds Weigh In On Northern Oil and Gas

Hedge funds and other institutional investors have recently made changes to their positions in the company. GF Fund Management CO. LTD. bought a new stake in shares of Northern Oil and Gas in the fourth quarter worth about $1,128,000. GTS Securities LLC lifted its stake in Northern Oil and Gas by 238.2% in the fourth quarter. GTS Securities LLC now owns 22,318 shares of the company's stock valued at $829,000 after buying an additional 15,718 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in shares of Northern Oil and Gas in the fourth quarter valued at approximately $1,683,000. Woodline Partners LP bought a new stake in shares of Northern Oil and Gas during the fourth quarter worth $997,000. Finally, iSAM Funds UK Ltd acquired a new stake in shares of Northern Oil and Gas during the fourth quarter worth $373,000. 98.80% of the stock is owned by institutional investors.

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.