Zacks Research Issues Positive Forecast for NOG Earnings

Northern Oil and Gas, Inc. (NYSE:NOG) – Analysts at Zacks Research lifted their Q2 2026 earnings per share (EPS) estimates for Northern Oil and Gas in a research report issued to clients and investors on Tuesday, May 12th. Zacks Research analyst Team now forecasts that the company will post earnings of $0.62 per share for the quarter, up from their previous forecast of $0.50. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $3.04 per share. Zacks Research also issued estimates for Northern Oil and Gas’ Q3 2026 earnings at $0.60 EPS, Q1 2027 earnings at $1.00 EPS, Q4 2027 earnings at $0.75 EPS, FY2027 earnings at $3.15 EPS and FY2028 earnings at $3.02 EPS.

Northern Oil and Gas (NYSE:NOG) last posted its earnings results on Tuesday, April 28th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $5.03 million for the quarter, compared to analyst estimates of $511.38 million. During the same quarter in the previous year, the firm earned $1.33 earnings per share. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year.

Several other equities analysts have also issued reports on the company. Royal Bank Of Canada lifted their target price on Northern Oil and Gas from $30.00 to $35.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 8th. Morgan Stanley reaffirmed an “underweight” rating on shares of Northern Oil and Gas in a report on Friday, March 27th. Weiss Ratings downgraded Northern Oil and Gas from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Piper Sandler boosted their price target on Northern Oil and Gas from $27.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Finally, Citigroup decreased their price target on Northern Oil and Gas from $39.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $31.33.

Northern Oil and Gas Price Performance

NOG opened at $23.35 on Thursday. The business’s 50-day moving average is $27.27 and its two-hundred day moving average is $24.65. Northern Oil and Gas has a 1 year low of $20.18 and a 1 year high of $32.62. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market capitalization of $2.47 billion, a PE ratio of -3.66 and a beta of 0.75.

Institutional Trading of Northern Oil and Gas

Several large investors have recently made changes to their positions in NOG. AQR Capital Management LLC increased its position in shares of Northern Oil and Gas by 55.1% during the first quarter. AQR Capital Management LLC now owns 40,781 shares of the company’s stock worth $1,233,000 after purchasing an additional 14,492 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Northern Oil and Gas by 3.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,334 shares of the company’s stock worth $1,763,000 after purchasing an additional 1,865 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Northern Oil and Gas by 181.0% in the 1st quarter. Jones Financial Companies Lllp now owns 1,107 shares of the company’s stock valued at $33,000 after buying an additional 713 shares in the last quarter. Empowered Funds LLC grew its holdings in Northern Oil and Gas by 5.0% in the 1st quarter. Empowered Funds LLC now owns 65,217 shares of the company’s stock valued at $1,972,000 after buying an additional 3,124 shares in the last quarter. Finally, Intech Investment Management LLC grew its holdings in Northern Oil and Gas by 41.8% in the 1st quarter. Intech Investment Management LLC now owns 46,453 shares of the company’s stock valued at $1,404,000 after buying an additional 13,690 shares in the last quarter. 98.80% of the stock is currently owned by hedge funds and other institutional investors.

Northern Oil and Gas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, June 29th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Monday, June 29th. Northern Oil and Gas’s payout ratio is presently -28.26%.

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.