Q2 Earnings Forecast for NOG Issued By Capital One Financial

Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) - Stock analysts at Capital One Financial raised their Q2 2025 EPS estimates for shares of Northern Oil and Gas in a research note issued to investors on Thursday, April 17th. Capital One Financial analyst P. Johnston now anticipates that the company will earn $1.27 per share for the quarter, up from their prior estimate of $1.26. 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' Q3 2025 earnings at $1.26 EPS and FY2026 earnings at $4.03 EPS.

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

Other equities research analysts also recently issued reports about the stock. Royal Bank of Canada decreased their target price on shares of Northern Oil and Gas from $40.00 to $34.00 and set a "sector perform" rating for the company in a research report on Monday, April 14th. Bank of America lowered their price objective on Northern Oil and Gas from $48.00 to $41.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Citigroup cut 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. Truist Financial raised their price objective on Northern Oil and Gas from $52.00 to $55.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Finally, Piper Sandler cut their price objective on shares of Northern Oil and Gas from $37.00 to $35.00 and set a "neutral" rating on the stock in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $44.78.

Northern Oil and Gas Stock Down 0.3 %

NOG stock traded down $0.07 during midday trading on Friday, reaching $23.49. 689,553 shares of the company's stock traded hands, compared to its average volume of 1,481,415. 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 firm's fifty day moving average price is $28.32 and its 200-day moving average price is $35.25. Northern Oil and Gas has a 52 week low of $19.88 and a 52 week high of $44.31. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 4.57 and a beta of 1.49.

Hedge Funds Weigh In On Northern Oil and Gas

Several hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Northern Oil and Gas in the 4th quarter valued at $21,691,000. Channing Capital Management LLC increased its stake in Northern Oil and Gas by 26.8% in the 4th quarter. Channing Capital Management LLC now owns 1,766,623 shares of the company's stock worth $65,648,000 after acquiring an additional 373,917 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Northern Oil and Gas by 3.9% in the 4th quarter. American Century Companies Inc. now owns 6,537,596 shares of the company's stock valued at $242,937,000 after acquiring an additional 243,531 shares in the last quarter. Natixis bought a new stake in shares of Northern Oil and Gas during the 4th quarter valued at about $7,503,000. Finally, Ninepoint Partners LP purchased a new position in shares of Northern Oil and Gas during the fourth quarter worth about $7,432,000. Hedge funds and other institutional investors own 98.80% of the company's stock.

Insider Buying and Selling at Northern Oil and Gas

In other news, CEO Nicholas L. O'grady purchased 1,000 shares of the business's stock in a transaction dated Friday, March 7th. The stock was bought at an average price of $27.48 per share, for a total transaction of $27,480.00. Following the purchase, 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bahram Akradi acquired 40,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of $28.03 per share, for a total transaction of $1,121,200.00. Following the completion of the purchase, the director now directly owns 1,662,016 shares in the company, valued at $46,586,308.48. This trade represents a 2.47 % increase in their position. The disclosure for this purchase can be found here. 2.80% of the stock is owned by corporate insiders.

Northern Oil and Gas announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, March 11th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to repurchase up to 3.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its stock is undervalued.

Northern Oil and Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, March 28th will be paid a $0.45 dividend. This is an increase from Northern Oil and Gas's previous quarterly dividend of $0.42. The ex-dividend date is Friday, March 28th. This represents a $1.80 annualized dividend and a yield of 7.66%. Northern Oil and Gas's dividend payout ratio is presently 35.02%.

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.