Q2 EPS Estimates for NOG Increased by Capital One Financial

Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) - Stock analysts at Capital One Financial lifted their Q2 2025 EPS estimates for Northern Oil and Gas in a report released on Thursday, April 24th. Capital One Financial analyst P. Johnston now forecasts that the company will post earnings per share of $1.29 for the quarter, up from their previous estimate of $1.27. 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' Q3 2025 earnings at $1.28 EPS.

Several other analysts also recently commented on the stock. Bank of America decreased their price objective on shares of Northern Oil and Gas from $48.00 to $41.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Morgan Stanley decreased their price objective 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 report on Thursday, March 27th. Royal Bank of Canada decreased their price objective on shares of Northern Oil and Gas from $40.00 to $34.00 and set a "sector perform" rating on the stock in a research report on Monday, April 14th. Piper Sandler decreased 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 research report on Wednesday, January 29th. Finally, Truist Financial raised their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $43.50.

Northern Oil and Gas Stock Performance

NOG traded up $0.65 during trading on Friday, hitting $24.81. The company's stock had a trading volume of 2,077,579 shares, compared to its average volume of 1,490,109. The company has a quick ratio of 1.23, a current ratio of 0.92 and a debt-to-equity ratio of 1.02. Northern Oil and Gas has a one year low of $19.88 and a one year high of $44.31. The firm has a market cap of $2.45 billion, a PE ratio of 4.83 and a beta of 1.49. The business's 50 day simple moving average is $27.64 and its 200-day simple moving average is $34.89.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $1.11 earnings per share 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 business had revenue of $545.47 million during the quarter, compared to the consensus estimate of $552.34 million.

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

Northern Oil and Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, March 28th will be paid a $0.45 dividend. This is a boost from Northern Oil and Gas's previous quarterly dividend of $0.42. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.26%. The ex-dividend date is Friday, March 28th. Northern Oil and Gas's dividend payout ratio (DPR) is presently 35.02%.

Insiders Place Their Bets

In other Northern Oil and Gas news, CEO Nicholas L. O'grady acquired 1,000 shares of the company's stock in a transaction on Friday, March 7th. The stock was acquired at an average cost of $27.48 per share, with a total value of $27,480.00. Following the purchase, the chief executive officer now directly owns 226,189 shares of the company's stock, valued at approximately $6,215,673.72. This represents a 0.44 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Bahram Akradi acquired 40,000 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of $28.03 per share, with a total value 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 approximately $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. Corporate insiders own 2.90% of the company's stock.

Hedge Funds Weigh In On Northern Oil and Gas

Large investors have recently made changes to their positions in the company. Headlands Technologies LLC purchased a new position in shares of Northern Oil and Gas during the 4th quarter worth about $29,000. Blue Trust Inc. boosted its stake in shares of Northern Oil and Gas by 177.2% during the 4th quarter. Blue Trust Inc. now owns 1,253 shares of the company's stock worth $44,000 after purchasing an additional 801 shares during the period. Byrne Asset Management LLC boosted its stake in shares of Northern Oil and Gas by 54.9% during the 1st quarter. Byrne Asset Management LLC now owns 1,363 shares of the company's stock worth $41,000 after purchasing an additional 483 shares during the period. Avior Wealth Management LLC boosted its stake in shares of Northern Oil and Gas by 23.3% during the 4th 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, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Northern Oil and Gas by 127.7% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,489 shares of the company's stock worth $45,000 after purchasing an additional 835 shares during the period. 98.80% of the stock is owned by hedge funds and other 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.