Zacks Research Has Pessimistic Outlook of NOG Q2 Earnings

Northern Oil and Gas, Inc. (NYSE:NOG) – Research analysts at Zacks Research lowered their Q2 2025 earnings per share (EPS) estimates for Northern Oil and Gas in a note issued to investors on Wednesday, March 5th. Zacks Research analyst N. Choudhury now expects that the company will post earnings per share of $1.13 for the quarter, down from their prior forecast of $1.20. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $5.18 per share. Zacks Research also issued estimates for Northern Oil and Gas’ Q3 2025 earnings at $1.14 EPS, Q2 2026 earnings at $1.14 EPS, Q4 2026 earnings at $1.32 EPS and FY2027 earnings at $4.79 EPS.

Several other research firms have also recently commented on NOG. 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 research note on Tuesday, February 25th. Capital One Financial cut shares of Northern Oil and Gas from an “overweight” rating to an “equal weight” rating in a research report on Friday, February 21st. Piper Sandler lowered 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. Truist Financial increased their target price on Northern Oil and Gas from $52.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Finally, Royal Bank of Canada lowered their target price on shares of Northern Oil and Gas from $45.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $46.89.

Northern Oil and Gas Price Performance

NOG stock opened at $26.93 on Friday. The company’s fifty day simple moving average is $36.29 and its 200 day simple moving average is $37.77. Northern Oil and Gas has a 12-month low of $26.59 and a 12-month high of $44.31. 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 has a market cap of $2.67 billion, a price-to-earnings ratio of 5.24 and a beta of 1.84.

Northern Oil and Gas (NYSE:NOG) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $545.47 million during the quarter, compared to analyst estimates of $552.34 million.

Hedge Funds Weigh In On Northern Oil and Gas

Hedge funds have recently bought and sold shares of the company. Icon Wealth Advisors LLC purchased a new stake in Northern Oil and Gas in the third quarter valued at $828,000. Principal Financial Group Inc. lifted its position in Northern Oil and Gas by 2.5% during the 4th quarter. Principal Financial Group Inc. now owns 481,797 shares of the company’s stock worth $17,904,000 after acquiring an additional 11,690 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Northern Oil and Gas by 36.1% in the fourth quarter. State of Alaska Department of Revenue now owns 77,439 shares of the company’s stock valued at $2,877,000 after acquiring an additional 20,550 shares in the last quarter. James Investment Research Inc. purchased a new position in shares of Northern Oil and Gas during the 4th quarter worth approximately $393,000. Finally, Heritage Family Offices LLP acquired a new position in shares of Northern Oil and Gas during the 4th quarter worth $244,000. Institutional investors and hedge funds own 98.80% of the company’s stock.

Insider Activity

In other Northern Oil and Gas news, President Adam A. Dirlam sold 836 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $39.00, for a total transaction of $32,604.00. Following the sale, the president now directly owns 96,223 shares of the company’s stock, valued at approximately $3,752,697. This trade represents a 0.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bahram Akradi acquired 40,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of $28.03 per share, with a total value of $1,121,200.00. Following the completion of 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 disclosure for this purchase can be found here. Insiders own 2.80% of the company’s stock.

Northern Oil and Gas Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, March 28th will be issued a $0.45 dividend. This is a positive change 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 dividend on an annualized basis and a dividend yield of 6.68%. Northern Oil and Gas’s payout ratio is presently 35.02%.

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.