Zacks Research Has Positive Forecast for NOG FY2026 Earnings

Northern Oil and Gas, Inc. (NYSE:NOG) – Investment analysts at Zacks Research upped their FY2026 earnings estimates for Northern Oil and Gas in a research report issued to clients and investors on Wednesday, September 16th. Zacks Research analyst Team now forecasts that the company will earn $3.43 per share for the year, up from their previous forecast of $3.42. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $3.63 per share.

Northern Oil and Gas (NYSE:NOG) last posted 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 during the quarter, compared to the consensus estimate of $594.09 million. During the same period last year, the firm posted $1.37 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis.

A number of other analysts have also commented on the company. Wall Street Zen raised Northern Oil and Gas from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Morgan Stanley set a $25.00 price target on Northern Oil and Gas and gave the stock an “underweight” rating in a report on Monday, June 29th. Raymond James Financial reissued an “outperform” rating and issued a $31.00 price objective (up from $28.00) on shares of Northern Oil and Gas in a research note on Thursday, September 10th. Weiss Ratings upgraded Northern Oil and Gas from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Finally, Mizuho upgraded Northern Oil and Gas to a “hold” rating in a report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $31.00.

Northern Oil and Gas Price Performance

NOG stock opened at $25.31 on Thursday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.80. The company’s 50-day moving average is $23.53 and its 200-day moving average is $24.15. The stock has a market capitalization of $2.70 billion, a PE ratio of -4.89 and a beta of 0.73. Northern Oil and Gas has a 1 year low of $17.18 and a 1 year high of $31.17.

Institutional Investors Weigh In On Northern Oil and Gas

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp bought a new position in Northern Oil and Gas during the 2nd quarter valued at $26,769,000. Bank of America Corp DE lifted its position in shares of Northern Oil and Gas by 18.5% during the first quarter. Bank of America Corp DE now owns 1,245,639 shares of the company’s stock valued at $36,410,000 after purchasing an additional 194,861 shares in the last quarter. First Trust Advisors LP boosted its holdings in Northern Oil and Gas by 116.8% during the first quarter. First Trust Advisors LP now owns 1,167,971 shares of the company’s stock worth $34,140,000 after purchasing an additional 629,197 shares during the last quarter. Kennedy Capital Management LLC boosted its holdings in Northern Oil and Gas by 17.0% during the fourth quarter. Kennedy Capital Management LLC now owns 884,006 shares of the company’s stock worth $18,980,000 after purchasing an additional 128,545 shares during the last quarter. Finally, Requisite Capital Management LLC bought a new stake in Northern Oil and Gas in the 2nd quarter worth about $10,519,000. 98.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Northern Oil and Gas

In related news, Director Bahram Akradi bought 25,760 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were bought at an average price of $19.40 per share, for a total transaction of $499,744.00. Following the completion of the acquisition, the director directly 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.80% of the stock is currently owned by company insiders.

Northern Oil and Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, September 29th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $1.80 annualized dividend and a dividend yield of 7.1%. Northern Oil and Gas’s dividend payout ratio is -34.75%.

Northern Oil and Gas Company Profile

Northern Oil and Gas, Inc is an independent exploration and production company focused on acquiring and managing non-operated interests in oil and natural gas properties. Rather than serving as the primary operator of wells, the company invests alongside established operators and participates in the development and production of upstream assets.

The company’s portfolio includes interests in producing and undeveloped properties across several major U.S. oil and gas regions, including the Williston Basin, Permian Basin and Uinta Basin.