Q1 EPS Forecast for Northern Oil and Gas Reduced by Analyst

Northern Oil and Gas, Inc. (NYSE:NOG) – Zacks Research decreased their Q1 2026 earnings per share estimates for shares of Northern Oil and Gas in a research note issued to investors on Wednesday, March 11th. Zacks Research analyst Team now expects that the company will earn $0.67 per share for the quarter, down from their prior estimate of $0.73. 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’ Q2 2026 earnings at $0.45 EPS, Q3 2027 earnings at $0.59 EPS, Q4 2027 earnings at $0.62 EPS and FY2028 earnings at $3.95 EPS.

Northern Oil and Gas (NYSE:NOG) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.12. Northern Oil and Gas had a return on equity of 19.74% and a net margin of 1.57%.The business had revenue of $610.18 million during the quarter, compared to analysts’ expectations of $524.98 million. During the same period in the previous year, the business earned $1.11 earnings per share. The business’s revenue was up 18.5% compared to the same quarter last year.

Several other analysts have also issued reports on the stock. Morgan Stanley set a $24.00 target price on shares of Northern Oil and Gas and gave the company an “underweight” rating in a research report on Friday, January 23rd. Piper Sandler raised their price target on shares of Northern Oil and Gas from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Northern Oil and Gas in a report on Thursday, January 22nd. Mizuho set a $29.00 target price on Northern Oil and Gas in a research report on Wednesday, January 21st. Finally, Citigroup boosted their price target on Northern Oil and Gas from $28.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $30.43.

Northern Oil and Gas Price Performance

Shares of NYSE NOG opened at $28.58 on Thursday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a fifty day moving average of $24.93 and a 200 day moving average of $23.93. The firm has a market cap of $2.78 billion, a PE ratio of 86.59 and a beta of 0.96. Northern Oil and Gas has a one year low of $19.88 and a one year high of $32.62.

Northern Oil and Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Monday, March 30th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Monday, March 30th. Northern Oil and Gas’s dividend payout ratio (DPR) is currently 545.45%.

Hedge Funds Weigh In On Northern Oil and Gas

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC grew its holdings in Northern Oil and Gas by 2,736.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,021 shares of the company’s stock valued at $29,000 after buying an additional 985 shares in the last quarter. First Horizon Corp acquired a new position in shares of Northern Oil and Gas during the 3rd quarter valued at about $27,000. Jones Financial Companies Lllp grew its holdings in shares of Northern Oil and Gas by 181.0% in the first quarter. Jones Financial Companies Lllp now owns 1,107 shares of the company’s stock valued at $33,000 after purchasing an additional 713 shares during the period. EverSource Wealth Advisors LLC increased its position in Northern Oil and Gas by 429.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,514 shares of the company’s stock worth $43,000 after purchasing an additional 1,228 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Northern Oil and Gas by 85.7% during the second quarter. Smartleaf Asset Management LLC now owns 1,521 shares of the company’s stock worth $44,000 after purchasing an additional 702 shares during the last quarter. Institutional investors and hedge funds own 98.80% of the company’s stock.

Northern Oil and Gas Company Profile

Northern Oil and Gas, Inc is a publicly traded independent energy company focused on the acquisition, exploration and development of oil and natural gas resources in the United States. The company’s primary operations are concentrated in the Williston Basin, where it secures acreage positions and partners with drilling operators to advance upstream projects. Through strategic leasehold acquisitions and joint ventures, Northern Oil and Gas seeks to expand its footprint in both conventional and unconventional reservoirs.

Northern Oil and Gas employs horizontal drilling and hydraulic fracturing technologies to develop unconventional resource plays, particularly in the Bakken, Three Forks and Red River formations of North Dakota and Montana.