Q1 EPS Forecast for Northern Oil and Gas Lowered by Analyst

Northern Oil and Gas, Inc. (NYSE:NOG) – Research analysts at Zacks Research dropped their Q1 2026 earnings per share estimates for shares of Northern Oil and Gas in a report issued on Wednesday, March 11th. Zacks Research analyst Team now forecasts that the company will earn $0.67 per share for the quarter, down from their previous estimate of $0.73. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $5.18 per share. Zacks Research also issued estimates for Northern Oil and Gas’ Q2 2026 earnings at $0.45 EPS, Q3 2027 earnings at $0.59 EPS, Q4 2027 earnings at $0.62 EPS and FY2028 earnings at $3.95 EPS.

Northern Oil and Gas (NYSE:NOG) last announced its earnings results on Wednesday, February 25th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.12. The firm had revenue of $610.18 million for the quarter, compared to the consensus estimate of $524.98 million. Northern Oil and Gas had a return on equity of 19.74% and a net margin of 1.57%.The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.11 EPS.

Other analysts also recently issued research reports about the stock. Royal Bank Of Canada dropped their target price on shares of Northern Oil and Gas from $33.00 to $30.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 20th. Piper Sandler boosted their price objective on shares of Northern Oil and Gas from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Morgan Stanley set a $24.00 target price on Northern Oil and Gas and gave the company an “underweight” rating in a research report on Friday, January 23rd. Citigroup raised their target price on Northern Oil and Gas from $28.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Mizuho set a $29.00 price target on Northern Oil and Gas in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $30.43.

Northern Oil and Gas Stock Performance

NOG opened at $28.58 on Thursday. The company has a market cap of $2.78 billion, a P/E ratio of 86.59 and a beta of 0.96. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.13. The firm’s 50-day moving average price is $24.93 and its 200-day moving average price is $23.93. Northern Oil and Gas has a 52-week low of $19.88 and a 52-week high of $32.62.

Northern Oil and Gas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Monday, March 30th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Monday, March 30th. Northern Oil and Gas’s dividend payout ratio is presently 545.45%.

Hedge Funds Weigh In On Northern Oil and Gas

Institutional investors and hedge funds have recently modified their holdings of the stock. DLD Asset Management LP grew its holdings in Northern Oil and Gas by 42.9% during the second quarter. DLD Asset Management LP now owns 25,000,000 shares of the company’s stock worth $708,750,000 after acquiring an additional 7,500,000 shares during the period. Vanguard Group Inc. boosted 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 worth $233,453,000 after purchasing an additional 141,499 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Northern Oil and Gas by 5.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,941,662 shares of the company’s stock worth $122,563,000 after purchasing an additional 235,869 shares during the period. Westfield Capital Management Co. LP increased its holdings in shares of Northern Oil and Gas by 9.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,899,017 shares of the company’s stock valued at $47,096,000 after purchasing an additional 158,713 shares in the last quarter. Finally, Channing Capital Management LLC lifted its stake in shares of Northern Oil and Gas by 15.7% in the 3rd quarter. Channing Capital Management LLC now owns 1,702,177 shares of the company’s stock valued at $42,214,000 after purchasing an additional 230,899 shares during the period. Institutional investors and hedge funds 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.