What is Zacks Research’s Estimate for NOG Q4 Earnings?

Northern Oil and Gas, Inc. (NYSE:NOG) – Zacks Research reduced their Q4 2024 EPS estimates for Northern Oil and Gas in a research report issued to clients and investors on Monday, November 18th. Zacks Research analyst N. Choudhury now anticipates that the company will earn $1.33 per share for the quarter, down from their previous estimate of $1.40. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $5.42 per share. Zacks Research also issued estimates for Northern Oil and Gas’ Q2 2025 earnings at $1.30 EPS, FY2025 earnings at $5.55 EPS, Q1 2026 earnings at $1.61 EPS, Q2 2026 earnings at $1.44 EPS, Q3 2026 earnings at $1.64 EPS and FY2026 earnings at $6.33 EPS.

A number of other equities research analysts have also recently commented on NOG. Jefferies Financial Group began coverage on shares of Northern Oil and Gas in a research note on Thursday, October 3rd. They issued a “buy” rating and a $53.00 price objective on the stock. StockNews.com downgraded Northern Oil and Gas from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Piper Sandler increased their target price on Northern Oil and Gas from $40.00 to $41.00 and gave the company a “neutral” rating in a report on Monday. Mizuho initiated coverage on Northern Oil and Gas in a research report on Thursday, September 19th. They issued an “outperform” rating and a $47.00 price objective on the stock. Finally, Truist Financial increased their price objective on Northern Oil and Gas from $44.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Northern Oil and Gas currently has an average rating of “Moderate Buy” and an average price target of $47.50.

Northern Oil and Gas Stock Up 1.8 %

Northern Oil and Gas stock opened at $42.32 on Thursday. Northern Oil and Gas has a fifty-two week low of $31.13 and a fifty-two week high of $43.80. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 4.99 and a beta of 1.80. The stock’s fifty day moving average is $37.94 and its two-hundred day moving average is $38.52. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.23 and a current ratio of 1.23.

Northern Oil and Gas (NYSE:NOG) last released its quarterly earnings results on Tuesday, November 5th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.20. The business had revenue of $753.64 million for the quarter, compared to analysts’ expectations of $540.23 million. Northern Oil and Gas had a return on equity of 27.52% and a net margin of 33.44%. The company’s revenue was up 140.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.73 EPS.

Institutional Investors Weigh In On Northern Oil and Gas

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Northern Oil and Gas by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 10,631,476 shares of the company’s stock valued at $421,857,000 after acquiring an additional 43,940 shares during the period. Seven Eight Capital LP purchased a new stake in shares of Northern Oil and Gas in the first quarter worth about $276,000. UniSuper Management Pty Ltd acquired a new stake in shares of Northern Oil and Gas in the first quarter valued at about $1,046,000. CANADA LIFE ASSURANCE Co raised its holdings in shares of Northern Oil and Gas by 2.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 76,259 shares of the company’s stock valued at $3,025,000 after buying an additional 1,867 shares during the period. Finally, Hood River Capital Management LLC boosted its holdings in Northern Oil and Gas by 7.3% in the 1st quarter. Hood River Capital Management LLC now owns 835,223 shares of the company’s stock worth $33,142,000 after acquiring an additional 56,485 shares during the period. 98.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Northern Oil and Gas

In other news, President Adam A. Dirlam sold 2,508 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $38.50, for a total value of $96,558.00. Following the transaction, the president now directly owns 107,876 shares in the company, valued at $4,153,226. This trade represents a 2.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Erik J. Romslo sold 1,500 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $35.26, for a total value of $52,890.00. Following the sale, the insider now owns 105,713 shares of the company’s stock, valued at $3,727,440.38. The trade was a 1.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,508 shares of company stock worth $248,113 in the last 90 days. 2.80% of the stock is owned by company insiders.

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.