Northern Oil and Gas, Inc. (NYSE:NOG – Free Report) – Zacks Research boosted their FY2026 earnings per share (EPS) estimates for Northern Oil and Gas in a report issued on Friday, July 24th. Zacks Research analyst Team now expects that the company will post earnings per share of $3.13 for the year, up from their prior estimate of $3.04. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $3.48 per share. Zacks Research also issued estimates for Northern Oil and Gas’ Q2 2027 earnings at $0.80 EPS, Q1 2028 earnings at $0.97 EPS and FY2028 earnings at $3.35 EPS.
Other research analysts have also recently issued research reports about the stock. Weiss Ratings cut shares of Northern Oil and Gas from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday. Raymond James Financial restated an “outperform” rating and set a $28.00 price objective on shares of Northern Oil and Gas in a research report on Wednesday, July 15th. Wall Street Zen downgraded shares of Northern Oil and Gas from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Citigroup decreased their target price on shares of Northern Oil and Gas from $36.00 to $28.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Finally, Morgan Stanley set a $25.00 price target on shares of Northern Oil and Gas and gave the company an “underweight” rating in a research note on Monday, June 29th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Northern Oil and Gas presently has an average rating of “Hold” and an average target price of $30.62.
Northern Oil and Gas Stock Down 4.2%
Shares of NOG opened at $20.28 on Tuesday. Northern Oil and Gas has a 52-week low of $17.18 and a 52-week high of $31.17. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.43. The stock has a fifty day simple moving average of $20.59 and a two-hundred day simple moving average of $24.14. The company has a market capitalization of $2.21 billion, a PE ratio of -3.18 and a beta of 0.69.
Northern Oil and Gas (NYSE:NOG – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. Northern Oil and Gas had a positive return on equity of 18.43% and a negative net margin of 33.17%.The company had revenue of $5.03 million for the quarter, compared to analyst estimates of $511.38 million. During the same quarter in the previous year, the company posted $1.33 earnings per share. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year.
Institutional Trading of Northern Oil and Gas
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC lifted its holdings in Northern Oil and Gas by 55.1% during the 1st quarter. AQR Capital Management LLC now owns 40,781 shares of the company’s stock worth $1,233,000 after buying an additional 14,492 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Northern Oil and Gas by 3.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,334 shares of the company’s stock valued at $1,763,000 after acquiring an additional 1,865 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Northern Oil and Gas by 181.0% in the 1st quarter. Jones Financial Companies Lllp now owns 1,107 shares of the company’s stock valued at $33,000 after acquiring an additional 713 shares during the last quarter. Empowered Funds LLC raised its position in shares of Northern Oil and Gas by 5.0% during the 1st quarter. Empowered Funds LLC now owns 65,217 shares of the company’s stock worth $1,972,000 after acquiring an additional 3,124 shares in the last quarter. Finally, Intech Investment Management LLC raised its position in shares of Northern Oil and Gas by 41.8% during the 1st quarter. Intech Investment Management LLC now owns 46,453 shares of the company’s stock worth $1,404,000 after acquiring an additional 13,690 shares in the last quarter. 98.80% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Northern Oil and Gas
In other Northern Oil and Gas news, Director Bahram Akradi acquired 25,760 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was purchased at an average cost of $19.40 per share, with a total value of $499,744.00. Following the transaction, the director owned 1,713,444 shares of the company’s stock, valued at $33,240,813.60. This trade represents a 1.53% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.80% of the company’s stock.
Northern Oil and Gas Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, June 29th will be issued a dividend of $0.45 per share. The ex-dividend date is Monday, June 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.9%. Northern Oil and Gas’s dividend payout ratio is currently -28.26%.
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.
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