Northern Oil and Gas (NYSE:NOG) Sets New 12-Month Low – Time to Sell?

Northern Oil and Gas, Inc. (NYSE:NOG)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $20.06 and last traded at $20.8870, with a volume of 118042 shares. The stock had previously closed at $20.42.

Key Northern Oil and Gas News

Here are the key news stories impacting Northern Oil and Gas this week:

• Positive Sentiment: Zacks Research raised its earnings estimates across several periods, including FY2026 to $3.07 per share from $2.74 and FY2027 to $3.49 from $3.15, signaling stronger expected profit growth. Northern Oil and Gas stock page
• Positive Sentiment: The firm also increased quarterly EPS forecasts for Q2 2026, Q3 2026, Q4 2026, and all four quarters of 2027, reinforcing a more constructive outlook on near-term operating performance.
• Neutral Sentiment: The revised estimates are still mostly below or around the current consensus in some cases, so the updates improve sentiment but do not eliminate questions about near-term execution.
• Negative Sentiment: Northern Oil and Gas has been trading under pressure recently, with the share price near its 12-month low, indicating the stock still faces broader market skepticism despite the upgraded forecasts.

Analyst Ratings Changes

NOG has been the subject of several analyst reports. 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. Morgan Stanley restated an “underweight” rating and set a $29.00 target price (up from $28.00) on shares of Northern Oil and Gas in a research note on Friday, May 22nd. Piper Sandler lifted their target price on shares of Northern Oil and Gas from $27.00 to $32.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Bank of America increased their price target on Northern Oil and Gas from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, March 24th. Finally, 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 research note on Tuesday, April 14th. Four 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 data from MarketBeat, Northern Oil and Gas has a consensus rating of “Hold” and an average price target of $33.00.

Northern Oil and Gas Price Performance

The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.43. The firm has a market cap of $2.26 billion, a PE ratio of -3.27 and a beta of 0.68. The stock has a 50 day simple moving average of $24.72 and a 200-day simple moving average of $24.76.

Northern Oil and Gas (NYSE:NOG) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.74 earnings per share (EPS) 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 business 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 business posted $1.33 EPS. Northern Oil and Gas’s revenue for the quarter was down 6.2% compared to the same quarter last year. Equities analysts anticipate that Northern Oil and Gas, Inc. will post 3.44 earnings per share for the current fiscal year.

Northern Oil and Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, June 29th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date is Monday, June 29th. Northern Oil and Gas’s dividend payout ratio is presently -28.26%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp boosted its holdings in shares of Northern Oil and Gas by 181.0% during the 1st 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 last quarter. Ascentis Independent Advisors bought a new position in shares of Northern Oil and Gas during the 1st quarter valued at about $33,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Northern Oil and Gas by 429.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,514 shares of the company’s stock valued at $43,000 after purchasing an additional 1,228 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Northern Oil and Gas by 85.7% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,521 shares of the company’s stock valued at $44,000 after purchasing an additional 702 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in shares of Northern Oil and Gas by 572.8% during the 4th quarter. Global Retirement Partners LLC now owns 1,682 shares of the company’s stock valued at $36,000 after purchasing an additional 1,432 shares during the last quarter. Institutional investors 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.