Q4 Earnings Forecast for NOG Issued By Roth Capital

Northern Oil and Gas, Inc. (NYSE:NOG - Free Report) - Stock analysts at Roth Capital issued their Q4 2024 earnings per share estimates for shares of Northern Oil and Gas in a research note issued on Monday, December 16th. Roth Capital analyst J. White forecasts that the company will post earnings of $1.32 per share for the quarter. The consensus estimate for Northern Oil and Gas' current full-year earnings is $5.40 per share. Roth Capital also issued estimates for Northern Oil and Gas' Q1 2025 earnings at $1.10 EPS, Q2 2025 earnings at $0.92 EPS, Q3 2025 earnings at $1.07 EPS, Q4 2025 earnings at $1.25 EPS and FY2025 earnings at $4.34 EPS.

Several other equities analysts have also issued reports on the stock. Piper Sandler dropped their target price on shares of Northern Oil and Gas from $41.00 to $37.00 and set a "neutral" rating on the stock in a report on Tuesday. Morgan Stanley dropped their price objective on Northern Oil and Gas from $42.00 to $39.00 and set an "equal weight" rating on the stock in a research note on Monday, September 16th. Mizuho cut 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. Jefferies Financial Group started coverage on Northern Oil and Gas in a report on Thursday, October 3rd. They issued a "buy" rating and a $53.00 target price for the company. Finally, Royal Bank of Canada cut Northern Oil and Gas from an "outperform" rating to a "sector perform" rating and increased their price target for the stock from $43.00 to $45.00 in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $47.20.

Northern Oil and Gas Trading Down 2.1 %

Shares of NYSE:NOG traded down $0.79 during trading on Thursday, reaching $36.02. The stock had a trading volume of 1,976,110 shares, compared to its average volume of 1,315,219. Northern Oil and Gas has a 52 week low of $31.13 and a 52 week high of $44.31. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.23 and a current ratio of 1.23. The firm's fifty day moving average is $39.78 and its 200 day moving average is $38.70. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of 4.32 and a beta of 1.85.

Northern Oil and Gas (NYSE:NOG - Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.20 by $0.20. Northern Oil and Gas had a return on equity of 27.52% and a net margin of 33.44%. The business had revenue of $753.64 million for the quarter, compared to analysts' expectations of $540.23 million. During the same period in the prior year, the business posted $1.73 earnings per share. The firm's revenue was up 140.0% on a year-over-year basis.

Institutional Investors Weigh In On Northern Oil and Gas

Institutional investors have recently bought and sold shares of the stock. Legacy Investment Solutions LLC bought a new position in Northern Oil and Gas during the 3rd quarter valued at $25,000. Signaturefd LLC raised its holdings in shares of Northern Oil and Gas by 100.5% in the third quarter. Signaturefd LLC now owns 852 shares of the company's stock valued at $30,000 after purchasing an additional 427 shares during the last quarter. Quarry LP lifted its position in shares of Northern Oil and Gas by 338.8% during the second quarter. Quarry LP now owns 1,132 shares of the company's stock valued at $42,000 after purchasing an additional 874 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Northern Oil and Gas by 58.6% during the third quarter. GAMMA Investing LLC now owns 1,752 shares of the company's stock worth $62,000 after purchasing an additional 647 shares during the last quarter. Finally, Covestor Ltd grew its position in Northern Oil and Gas by 122.6% in the 3rd quarter. Covestor Ltd now owns 1,903 shares of the company's stock worth $67,000 after purchasing an additional 1,048 shares in the last quarter. Institutional investors own 98.80% of the company's stock.

Insider Activity at Northern Oil and Gas

In other Northern Oil and Gas news, President Adam A. Dirlam sold 2,508 shares of the business's stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $38.50, for a total transaction of $96,558.00. Following the completion of the sale, the president now directly owns 107,876 shares of the company's stock, valued at approximately $4,153,226. The trade was a 2.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Erik J. Romslo sold 1,500 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $35.26, for a total value of $52,890.00. Following the completion of the sale, the insider now directly owns 105,713 shares of the company's stock, valued at approximately $3,727,440.38. This trade represents a 1.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,508 shares of company stock valued at $248,113. 2.80% of the stock is owned by company insiders.

Northern Oil and Gas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, December 30th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date of this dividend is Monday, December 30th. Northern Oil and Gas's dividend payout ratio is currently 20.17%.

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.