Q2 EPS Estimate for Northern Oil and Gas Cut by Analyst

Northern Oil and Gas, Inc. (NYSE:NOG) – Zacks Research dropped their Q2 2027 earnings per share (EPS) estimates for Northern Oil and Gas in a research report issued to clients and investors on Thursday, August 20th. Zacks Research analyst Team now expects that the company will post earnings per share of $0.76 for the quarter, down from their previous forecast of $0.80. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $3.79 per share. Zacks Research also issued estimates for Northern Oil and Gas’ Q1 2028 earnings at $0.92 EPS.

Northern Oil and Gas (NYSE:NOG) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.05). Northern Oil and Gas had a negative net margin of 25.35% and a positive return on equity of 18.69%. The company had revenue of $745.24 million for the quarter, compared to analysts’ expectations of $594.09 million. During the same quarter in the prior year, the business posted $1.37 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year.

Several other equities analysts have also recently issued reports on NOG. Morgan Stanley set a $25.00 target price on shares of Northern Oil and Gas and gave the company an “underweight” rating in a research note on Monday, June 29th. Johnson Rice lowered shares of Northern Oil and Gas from an “accumulate” rating to a “hold” rating and set a $36.00 price target on the stock. in a research report on Wednesday, May 20th. Raymond James Financial reaffirmed an “outperform” rating and issued a $28.00 price objective on shares of Northern Oil and Gas in a report on Wednesday, July 15th. Citigroup decreased their price objective on shares of Northern Oil and Gas from $36.00 to $28.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Finally, Mizuho raised shares of Northern Oil and Gas to a “hold” rating in a research note on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Northern Oil and Gas has an average rating of “Hold” and a consensus price target of $30.62.

Northern Oil and Gas Price Performance

Shares of NYSE NOG opened at $26.44 on Monday. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of -5.10 and a beta of 0.70. Northern Oil and Gas has a 12 month low of $17.18 and a 12 month high of $31.17. The firm’s 50 day simple moving average is $21.17 and its 200-day simple moving average is $24.18. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.80.

Institutional Investors Weigh In On Northern Oil and Gas

Institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC raised its holdings in Northern Oil and Gas by 14.9% in the fourth quarter. Quadrant Capital Group LLC now owns 3,092 shares of the company’s stock valued at $66,000 after acquiring an additional 400 shares in the last quarter. Transamerica Financial Advisors LLC grew its holdings in Northern Oil and Gas by 22.1% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 2,242 shares of the company’s stock worth $42,000 after acquiring an additional 406 shares in the last quarter. Van Den Berg Management I Inc. grew its holdings in Northern Oil and Gas by 1.0% during the 2nd quarter. Van Den Berg Management I Inc. now owns 42,782 shares of the company’s stock worth $776,000 after acquiring an additional 439 shares in the last quarter. SBI Securities Co. Ltd. increased its position in shares of Northern Oil and Gas by 18.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 3,207 shares of the company’s stock valued at $69,000 after purchasing an additional 507 shares during the last quarter. Finally, Virtus Investment Advisers LLC increased its position in shares of Northern Oil and Gas by 8.4% in the 4th quarter. Virtus Investment Advisers LLC now owns 7,394 shares of the company’s stock valued at $159,000 after purchasing an additional 572 shares during the last quarter. Institutional investors and hedge funds own 98.80% of the company’s stock.

Insider Buying and Selling at Northern Oil and Gas

In other Northern Oil and Gas news, Director Bahram Akradi bought 25,760 shares of Northern Oil and Gas stock in a transaction dated Monday, June 22nd. The stock was acquired at an average cost of $19.40 per share, with a total value of $499,744.00. Following the purchase, the director directly owned 1,713,444 shares in the company, valued at $33,240,813.60. This represents a 1.53% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 2.80% of the stock is currently owned by insiders.

Northern Oil and Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, September 29th will be given a $0.45 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.8%. Northern Oil and Gas’s payout ratio is -34.75%.

About Northern Oil and Gas

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.