Capital One Financial Has Weak Estimate for NOG Q1 Earnings

Northern Oil and Gas, Inc. (NYSE:NOG) – Investment analysts at Capital One Financial dropped their Q1 2025 earnings per share estimates for Northern Oil and Gas in a research note issued to investors on Friday, February 21st. Capital One Financial analyst P. Johnston now anticipates that the company will earn $1.13 per share for the quarter, down from their previous forecast of $1.20. 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’ Q2 2025 earnings at $1.09 EPS, Q3 2025 earnings at $1.10 EPS, Q4 2025 earnings at $1.17 EPS, FY2025 earnings at $4.49 EPS and FY2028 earnings at $4.90 EPS.

A number of other research firms have also weighed in on NOG. Truist Financial increased 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. Royal Bank of Canada dropped their price objective 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. Mizuho lowered Northern Oil and Gas from an “outperform” rating to a “neutral” rating and set a $47.00 price objective for the company. in a research note on Monday, December 16th. Piper Sandler decreased their target price on Northern Oil and Gas from $37.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Finally, Citigroup decreased their target price on Northern Oil and Gas from $55.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $46.89.

Northern Oil and Gas Stock Performance

NYSE:NOG opened at $32.23 on Monday. The firm has a market cap of $3.19 billion, a PE ratio of 6.27 and a beta of 1.82. Northern Oil and Gas has a fifty-two week low of $32.14 and a fifty-two week 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 has a 50 day moving average price of $37.35 and a 200-day moving average price of $38.26.

Northern Oil and Gas (NYSE:NOG) last released its quarterly earnings data on Wednesday, February 19th. The company reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.16). The company had revenue of $545.47 million for the quarter, compared to analysts’ expectations 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, March 28th will be issued a $0.45 dividend. This is an increase from Northern Oil and Gas’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, March 28th. This represents a $1.80 dividend on an annualized basis and a yield of 5.59%. Northern Oil and Gas’s dividend payout ratio is 35.02%.

Insiders Place Their Bets

In other news, President Adam A. Dirlam sold 836 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $39.00, for a total transaction of $32,604.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Northern Oil and Gas

Several institutional investors and hedge funds have recently modified their holdings of NOG. Raymond James Financial Inc. bought a new position in shares of Northern Oil and Gas during the fourth quarter valued at $21,691,000. abrdn plc bought a new position in shares of Northern Oil and Gas during the third quarter valued at $17,096,000. Channing Capital Management LLC increased its holdings in shares of Northern Oil and Gas by 26.8% during the fourth quarter. Channing Capital Management LLC now owns 1,766,623 shares of the company’s stock valued at $65,648,000 after acquiring an additional 373,917 shares in the last quarter. Bridgewater Associates LP increased its holdings in shares of Northern Oil and Gas by 135.6% during the third quarter. Bridgewater Associates LP now owns 511,170 shares of the company’s stock valued at $18,101,000 after acquiring an additional 294,223 shares in the last quarter. Finally, New York State Common Retirement Fund increased its holdings in shares of Northern Oil and Gas by 41.4% during the third quarter. New York State Common Retirement Fund now owns 940,987 shares of the company’s stock valued at $33,320,000 after acquiring an additional 275,704 shares in the last quarter. 98.80% of the stock is currently 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.