Northern Oil and Gas, Inc. (NOG) to Issue Quarterly Dividend of $0.45 on July 31st

Posted by Brenda Bartman on Jun 27th, 2026

Northern Oil and Gas, Inc. (NYSE:NOG – Get Free Report) announced a quarterly dividend on Wednesday, May 13th. Investors of record on Monday, June 29th will be paid a dividend of 0.45 per share on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 9.4%. The ex-dividend date of this dividend is Monday, June 29th.

Northern Oil and Gas has a payout ratio of 48.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Northern Oil and Gas to earn $4.01 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 44.9%.

Northern Oil and Gas Trading Down 2.9%

Northern Oil and Gas stock opened at $19.17 on Friday. The business has a 50-day simple moving average of $22.98 and a two-hundred day simple moving average of $24.50. The company has a market cap of $2.08 billion, a P/E ratio of -3.01 and a beta of 0.68. Northern Oil and Gas has a 52-week low of $18.63 and a 52-week high of $31.28. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.43.

Northern Oil and Gas (NYSE:NOG – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. Northern Oil and Gas had a negative net margin of 33.17% and a positive return on equity of 18.43%. The firm had revenue of $5.03 million during the quarter, compared to analyst estimates of $511.38 million. During the same quarter in the prior year, the firm earned $1.33 EPS. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. Analysts predict that Northern Oil and Gas will post 3.42 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Royal Bank Of Canada upped their price objective on Northern Oil and Gas from $30.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 8th. Weiss Ratings downgraded Northern Oil and Gas from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Citigroup cut their price target on Northern Oil and Gas from $39.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Morgan Stanley restated an “underweight” rating and issued a $29.00 price target (up from $28.00) on shares of Northern Oil and Gas in a research report on Friday, May 22nd. Finally, Wall Street Zen downgraded Northern Oil and Gas from a “buy” rating to a “hold” rating in a research note on Saturday. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $32.38.

Check Out Our Latest Stock Analysis on NOG

About Northern Oil and Gas

(Get Free Report)

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.