Q1 EPS Forecast for Northern Oil and Gas Reduced by Analyst

Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) - Research analysts at Roth Capital cut their Q1 2025 EPS estimates for Northern Oil and Gas in a note issued to investors on Monday, March 31st. Roth Capital analyst J. White now forecasts that the company will post earnings of $1.16 per share for the quarter, down from their prior forecast of $1.19. The consensus estimate for Northern Oil and Gas' current full-year earnings is $5.18 per share. Roth Capital also issued estimates for Northern Oil and Gas' Q4 2025 earnings at $1.20 EPS.

Several other equities research analysts also recently issued reports on NOG. Truist Financial raised their price target 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. Royal Bank of Canada cut their target price on 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. Morgan Stanley dropped their target price on Northern Oil and Gas from $43.00 to $38.00 and set an "equal weight" rating for the company in a report on Thursday, March 27th. Capital One Financial downgraded shares of Northern Oil and Gas from an "overweight" rating to an "equal weight" rating in a research note on Friday, February 21st. Finally, Citigroup decreased their price objective on shares of Northern Oil and Gas from $55.00 to $45.00 and set a "buy" rating on the stock in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Northern Oil and Gas has an average rating of "Hold" and a consensus target price of $45.44.

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Northern Oil and Gas Stock Down 5.4 %

Shares of NOG stock traded down $1.23 on Thursday, reaching $21.31. 1,131,939 shares of the company's stock traded hands, compared to its average volume of 1,745,264. The company has a market capitalization of $2.11 billion, a P/E ratio of 4.13 and a beta of 1.49. Northern Oil and Gas has a 12-month low of $21.40 and a 12-month high of $44.31. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.23 and a current ratio of 0.92. The business's 50 day moving average price is $31.75 and its two-hundred day moving average price is $36.50.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last released its 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). The business had revenue of $545.47 million for the quarter, compared to the consensus estimate 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 declared that its board has authorized a stock repurchase plan on Tuesday, March 11th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 3.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

Northern Oil and Gas Increases Dividend

The business also recently announced 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 represents a $1.80 dividend on an annualized basis and a yield of 8.45%. This is a boost from Northern Oil and Gas's previous quarterly dividend of $0.42. The ex-dividend date is Friday, March 28th. Northern Oil and Gas's payout ratio is presently 35.02%.

Insider Activity

In other news, Director Bahram Akradi purchased 40,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average price of $28.03 per share, with a total value of $1,121,200.00. Following the transaction, the director now directly owns 1,662,016 shares of the company's stock, valued at approximately $46,586,308.48. This represents a 2.47 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 stock was purchased at an average cost 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 in the company, valued at $6,215,673.72. The trade was 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.

Institutional Trading of Northern Oil and Gas

Institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its position in Northern Oil and Gas by 11.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 985,643 shares of the company's stock valued at $34,902,000 after buying an additional 103,314 shares during the period. Glenmede Trust Co. NA raised its position in shares of Northern Oil and Gas by 37.8% in the 3rd quarter. Glenmede Trust Co. NA now owns 9,256 shares of the company's stock worth $328,000 after purchasing an additional 2,541 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of Northern Oil and Gas by 50.0% in the third quarter. Captrust Financial Advisors now owns 18,478 shares of the company's stock worth $654,000 after buying an additional 6,163 shares in the last quarter. Holocene Advisors LP bought a new position in Northern Oil and Gas in the 3rd quarter valued at approximately $1,079,000. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in shares of Northern Oil and Gas by 1.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 306,490 shares of the company's stock worth $10,853,000 after purchasing an additional 3,900 shares during the last quarter. Hedge funds and other 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.