Zacks Research Issues Positive Estimate for NOG Earnings

Northern Oil and Gas, Inc. (NYSE:NOG) – Equities research analysts at Zacks Research boosted their Q2 2026 earnings estimates for Northern Oil and Gas in a research report issued on Monday, July 6th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $0.69 for the quarter, up from their previous estimate of $0.68. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $3.33 per share.

Northern Oil and Gas (NYSE:NOG) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03. The business had revenue of $5.03 million during the quarter, compared to analysts’ expectations of $511.38 million. Northern Oil and Gas had a negative net margin of 33.17% and a positive return on equity of 18.43%. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.33 EPS.

Several other equities analysts have also commented on NOG. Raymond James Financial set a $30.00 price target on Northern Oil and Gas and gave the company an “outperform” rating in a research note on Monday, June 15th. Morgan Stanley set a $25.00 target price on shares of Northern Oil and Gas and gave the stock an “underweight” rating in a research note on Monday, June 29th. Bank of America boosted their price target on shares of Northern Oil and Gas from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, March 24th. Piper Sandler increased their price objective on shares of Northern Oil and Gas from $27.00 to $32.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Finally, Wall Street Zen downgraded shares of Northern Oil and Gas from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Northern Oil and Gas has an average rating of “Hold” and a consensus price target of $31.88.

Northern Oil and Gas Trading Up 2.9%

Shares of Northern Oil and Gas stock opened at $17.87 on Tuesday. The stock has a 50 day moving average of $22.03 and a 200 day moving average of $24.27. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of -2.82 and a beta of 0.69. Northern Oil and Gas has a fifty-two week low of $17.18 and a fifty-two week high of $31.28.

Northern Oil and Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, June 29th will be issued a $0.45 dividend. The ex-dividend date is Monday, June 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.1%. Northern Oil and Gas’s payout ratio is -28.26%.

Insiders Place Their Bets

In other Northern Oil and Gas news, Director Bahram Akradi bought 25,760 shares of Northern Oil and Gas stock in a transaction on Monday, June 22nd. The shares were bought at an average cost of $19.40 per share, for a total transaction of $499,744.00. Following the acquisition, the director directly owned 1,713,444 shares in the company, valued at $33,240,813.60. This represents a 1.53% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.80% of the stock is currently owned by insiders.

Institutional Trading of Northern Oil and Gas

Several hedge funds have recently modified their holdings of the stock. Kennedy Capital Management LLC lifted its stake in Northern Oil and Gas by 17.0% in the fourth quarter. Kennedy Capital Management LLC now owns 884,006 shares of the company’s stock worth $18,980,000 after acquiring an additional 128,545 shares during the last quarter. Vanguard Group Inc. increased its position in shares of 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. Tributary Capital Management LLC raised its holdings in shares of Northern Oil and Gas by 27.7% in the 4th quarter. Tributary Capital Management LLC now owns 837,685 shares of the company’s stock valued at $17,985,000 after purchasing an additional 181,557 shares in the last quarter. Easterly Investment Partners LLC raised 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 valued at $4,018,000 after purchasing an additional 46,136 shares in the last quarter. Finally, Collar Capital Management LLC purchased a new stake in shares of Northern Oil and Gas during the 4th quarter worth $2,877,000. 98.80% of the stock is currently owned by institutional investors and hedge funds.

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.