William Blair Issues Pessimistic Forecast for NOG Earnings

Northern Oil and Gas, Inc. (NYSE:NOG) – Equities research analysts at William Blair reduced their FY2025 earnings per share estimates for shares of Northern Oil and Gas in a report issued on Wednesday, October 22nd. William Blair analyst N. Dingmann now expects that the company will earn $4.28 per share for the year, down from their previous estimate of $4.54. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $5.18 per share. William Blair also issued estimates for Northern Oil and Gas’ FY2026 earnings at $3.36 EPS, FY2027 earnings at $4.48 EPS, FY2028 earnings at $5.12 EPS and FY2029 earnings at $5.21 EPS.

Northern Oil and Gas (NYSE:NOG) last posted its quarterly earnings results on Monday, March 6th. The company reported $1.06 earnings per share for the quarter. The company had revenue of $319.19 million during the quarter. Northern Oil and Gas had a return on equity of 22.12% and a net margin of 23.62%.

NOG has been the subject of several other research reports. Royal Bank Of Canada cut their price target on Northern Oil and Gas from $34.00 to $33.00 and set a “sector perform” rating for the company in a research note on Monday, July 14th. Piper Sandler reissued a “neutral” rating and set a $25.00 price objective (down previously from $31.00) on shares of Northern Oil and Gas in a report on Monday, August 4th. Morgan Stanley reissued an “underweight” rating and set a $26.00 price objective (down previously from $27.00) on shares of Northern Oil and Gas in a report on Tuesday, October 14th. Citigroup dropped their price objective on Northern Oil and Gas from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Monday. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Northern Oil and Gas in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Northern Oil and Gas has an average rating of “Hold” and an average target price of $33.00.

Northern Oil and Gas Stock Up 0.2%

NOG stock opened at $21.44 on Thursday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 3.54 and a beta of 1.61. Northern Oil and Gas has a fifty-two week low of $19.88 and a fifty-two week high of $44.31. The stock has a fifty day moving average of $24.68 and a 200-day moving average of $26.27.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. DLD Asset Management LP lifted its stake in shares of Northern Oil and Gas by 42.9% in the 2nd quarter. DLD Asset Management LP now owns 25,000,000 shares of the company’s stock valued at $708,750,000 after purchasing an additional 7,500,000 shares during the period. American Century Companies Inc. raised its stake in Northern Oil and Gas by 6.4% during the first quarter. American Century Companies Inc. now owns 6,953,377 shares of the company’s stock valued at $210,201,000 after buying an additional 415,781 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Northern Oil and Gas by 30.4% during the first quarter. Dimensional Fund Advisors LP now owns 4,298,379 shares of the company’s stock valued at $129,939,000 after buying an additional 1,001,493 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Northern Oil and Gas by 25.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,951,505 shares of the company’s stock valued at $56,867,000 after buying an additional 397,128 shares during the last quarter. Finally, Channing Capital Management LLC raised its stake in Northern Oil and Gas by 8.7% during the first quarter. Channing Capital Management LLC now owns 1,920,258 shares of the company’s stock valued at $58,049,000 after buying an additional 153,635 shares during the last quarter. Hedge funds and other institutional investors own 98.80% of the company’s stock.

Northern Oil and Gas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 29th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date is Monday, September 29th. Northern Oil and Gas’s dividend payout ratio (DPR) is presently 29.70%.

About Northern Oil and Gas

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.