Q2 EPS Forecast for Northern Oil and Gas Cut by Analyst

Northern Oil and Gas, Inc. (NYSE:NOG) – Equities research analysts at Zacks Research cut their Q2 2027 EPS estimates for shares of Northern Oil and Gas in a research note issued to investors on Thursday, August 20th. Zacks Research analyst Team now forecasts that the company will earn $0.76 per share for the quarter, down from their prior estimate of $0.80. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $3.79 per share. Zacks Research also issued estimates for Northern Oil and Gas’ Q1 2028 earnings at $0.92 EPS.

Northern Oil and Gas (NYSE:NOG) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.05). The firm had revenue of $745.24 million during the quarter, compared to analyst estimates of $594.09 million. Northern Oil and Gas had a positive return on equity of 18.69% and a negative net margin of 25.35%.The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $1.37 earnings per share.

Several other research analysts have also commented on the company. Weiss Ratings upgraded Northern Oil and Gas from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Raymond James Financial restated an “outperform” rating and set a $28.00 price objective on shares of Northern Oil and Gas in a research note on Wednesday, July 15th. Johnson Rice downgraded shares of Northern Oil and Gas from an “accumulate” rating to a “hold” rating and set a $36.00 price objective for the company. in a report on Wednesday, May 20th. Citigroup lowered their target price on shares of Northern Oil and Gas from $36.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Finally, Morgan Stanley set a $25.00 price target on shares of Northern Oil and Gas and gave the stock an “underweight” rating in a research report on Monday, June 29th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $30.62.

Northern Oil and Gas Trading Down 1.9%

Shares of NYSE NOG opened at $26.82 on Monday. The stock’s 50 day moving average price is $21.04 and its two-hundred day moving average price is $24.17. Northern Oil and Gas has a 52-week low of $17.18 and a 52-week high of $31.17. The stock has a market capitalization of $2.86 billion, a P/E ratio of -5.18 and a beta of 0.70. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.37.

Northern Oil and Gas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, September 29th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date is Tuesday, September 29th. Northern Oil and Gas’s dividend payout ratio is presently -34.75%.

Insider Buying and Selling at Northern Oil and Gas

In related news, Director Bahram Akradi purchased 25,760 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were acquired at an average price of $19.40 per share, with a total value of $499,744.00. Following the acquisition, the director owned 1,713,444 shares in the company, valued at approximately $33,240,813.60. This trade represents a 1.53% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Kennedy Capital Management LLC boosted its holdings in shares of 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 valued at $18,980,000 after acquiring an additional 128,545 shares during the period. Easterly Investment Partners LLC increased its holdings in shares of Northern Oil and Gas by 32.7% in the 4th quarter. Easterly Investment Partners LLC now owns 187,146 shares of the company’s stock worth $4,018,000 after acquiring an additional 46,136 shares during the period. Vanguard Group Inc. lifted its position in Northern Oil and Gas by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 10,873,455 shares of the company’s stock valued at $233,453,000 after purchasing an additional 141,499 shares during the last quarter. Collar Capital Management LLC bought a new stake in Northern Oil and Gas in the 4th quarter valued at about $2,877,000. Finally, Bank of America Corp DE lifted its position in Northern Oil and Gas by 18.5% in the 1st 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 during the last quarter. 98.80% of the stock is currently owned by institutional investors.

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.