Zacks Research Issues Optimistic Outlook for NOG Earnings

Northern Oil and Gas, Inc. (NYSE:NOG) – Investment analysts at Zacks Research upped their Q2 2026 earnings per share estimates for shares of Northern Oil and Gas in a research report issued on Friday, July 24th. Zacks Research analyst Team now forecasts that the company will post earnings of $0.77 per share for the quarter, up from their prior estimate of $0.69. 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’ Q3 2026 earnings at $0.77 EPS, Q4 2026 earnings at $0.84 EPS, Q1 2027 earnings at $0.93 EPS, Q4 2027 earnings at $0.80 EPS, FY2027 earnings at $3.22 EPS and Q2 2028 earnings at $0.84 EPS.

Several other analysts have also recently commented on the stock. Mizuho decreased their price target on shares of Northern Oil and Gas from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. Royal Bank Of Canada raised their price objective on Northern Oil and Gas from $30.00 to $35.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 8th. Wall Street Zen cut Northern Oil and Gas from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Johnson Rice downgraded Northern Oil and Gas from an “accumulate” rating to a “hold” rating and set a $36.00 target price on the stock. in a research report on Wednesday, May 20th. Finally, Citigroup decreased their target price on Northern Oil and Gas from $36.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Northern Oil and Gas has an average rating of “Hold” and a consensus target price of $30.62.

Northern Oil and Gas Price Performance

Shares of NYSE:NOG opened at $20.28 on Monday. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of -3.18 and a beta of 0.69. The firm has a fifty day moving average price of $20.59 and a 200 day moving average price of $24.14. Northern Oil and Gas has a fifty-two week low of $17.18 and a fifty-two week high of $31.17. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.53 and a current ratio of 0.53.

Northern Oil and Gas (NYSE:NOG) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The business had revenue of $5.03 million during the quarter, compared to analyst estimates of $511.38 million. Northern Oil and Gas had a negative net margin of 33.17% and a positive return on equity of 18.43%. The company’s revenue was down 6.2% on a year-over-year basis. During the same period last year, the firm posted $1.33 EPS.

Northern Oil and Gas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, June 29th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, June 29th. This represents a $1.80 annualized dividend and a yield of 8.9%. Northern Oil and Gas’s dividend payout ratio (DPR) is -28.26%.

Insider Buying and Selling

In other Northern Oil and Gas news, Director Bahram Akradi acquired 25,760 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $33,240,813.60. This represents a 1.53% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NOG. Ascentis Independent Advisors purchased a new stake in Northern Oil and Gas during the 1st quarter valued at $33,000. Jones Financial Companies Lllp increased its position in Northern Oil and Gas by 181.0% during the first 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. Global Retirement Partners LLC increased its position in Northern Oil and Gas by 572.8% during the fourth quarter. Global Retirement Partners LLC now owns 1,682 shares of the company’s stock valued at $36,000 after acquiring an additional 1,432 shares during the last quarter. Plato Investment Management Ltd purchased a new stake in shares of Northern Oil and Gas in the fourth quarter valued at $43,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Northern Oil and Gas by 429.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,514 shares of the company’s stock valued at $43,000 after acquiring an additional 1,228 shares during the period. Institutional investors own 98.80% of the company’s stock.

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.