Q2 EPS Estimate for Northern Oil and Gas Cut by Analyst

Northern Oil and Gas, Inc. (NYSE:NOG) – Equities researchers at Capital One Financial reduced their Q2 2025 EPS estimates for Northern Oil and Gas in a research note issued on Thursday, May 1st. Capital One Financial analyst P. Johnston now anticipates that the company will earn $1.22 per share for the quarter, down from their previous forecast of $1.29. Capital One Financial currently has a “Equal Weight” rating on the stock. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $5.18 per share. Capital One Financial also issued estimates for Northern Oil and Gas’ Q3 2025 earnings at $1.21 EPS and Q4 2025 earnings at $1.26 EPS.

Northern Oil and Gas (NYSE:NOG) last posted its earnings results on Tuesday, April 29th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.12 by $0.21. The firm had revenue of $602.10 million for the quarter, compared to analysts’ expectations of $568.87 million. Northern Oil and Gas had a net margin of 23.38% and a return on equity of 24.41%. The company’s quarterly revenue was up 51.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.28 EPS.

Several other brokerages have also recently commented on NOG. Bank of America reduced their price objective on shares of Northern Oil and Gas from $48.00 to $41.00 and set a “buy” rating for the company in a research note on Tuesday, April 1st. Morgan Stanley lowered their price objective on Northern Oil and Gas from $43.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 27th. Royal Bank of Canada reduced their target price on Northern Oil and Gas from $40.00 to $34.00 and set a “sector perform” rating for the company in a research report on Monday, April 14th. Piper Sandler lowered their price target on Northern Oil and Gas from $37.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Finally, Truist Financial boosted their price objective on Northern Oil and Gas from $52.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Northern Oil and Gas currently has an average rating of “Hold” and a consensus target price of $43.50.

Northern Oil and Gas Stock Performance

NYSE:NOG opened at $24.51 on Monday. Northern Oil and Gas has a 1 year low of $19.88 and a 1 year high of $44.31. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.92 and a quick ratio of 1.23. The business has a fifty day simple moving average of $26.44 and a two-hundred day simple moving average of $34.26. The company has a market capitalization of $2.42 billion, a P/E ratio of 4.77 and a beta of 1.47.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in Northern Oil and Gas by 297.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,098 shares of the company’s stock worth $77,000 after acquiring an additional 1,570 shares during the last quarter. Principal Financial Group Inc. raised its position in Northern Oil and Gas by 2.5% during the 4th quarter. Principal Financial Group Inc. now owns 481,797 shares of the company’s stock valued at $17,904,000 after purchasing an additional 11,690 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in Northern Oil and Gas by 36.1% in the 4th quarter. State of Alaska Department of Revenue now owns 77,439 shares of the company’s stock worth $2,877,000 after buying an additional 20,550 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Northern Oil and Gas in the 4th quarter worth approximately $909,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Northern Oil and Gas by 7.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,058,899 shares of the company’s stock valued at $39,349,000 after acquiring an additional 73,256 shares in the last quarter. 98.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Northern Oil and Gas

In related news, CEO Nicholas L. O’grady purchased 1,000 shares of Northern Oil and Gas stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average cost of $27.48 per share, for a total transaction of $27,480.00. Following the transaction, the chief executive officer now directly owns 226,189 shares in the company, valued at $6,215,673.72. The trade was a 0.44 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bahram Akradi purchased 40,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $28.03 per share, for a total transaction of $1,121,200.00. Following the completion of the purchase, the director now directly owns 1,662,016 shares in the company, valued at approximately $46,586,308.48. This trade represents a 2.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.90% of the company’s stock.

Northern Oil and Gas declared that its Board of Directors has initiated a share buyback plan on Tuesday, March 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 3.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Northern Oil and Gas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Friday, June 27th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 7.34%. The ex-dividend date is Friday, June 27th. Northern Oil and Gas’s dividend payout ratio is currently 28.04%.

Northern Oil and Gas Company Profile

Northern Oil and Gas, Inc, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. It primarily holds interests in the Williston Basin, the Appalachian Basin, and the Permian Basin in the United States.