Q4 EPS Estimate for Northern Oil and Gas Lowered by Analyst

Northern Oil and Gas, Inc. (NYSE:NOG) – Analysts at Capital One Financial decreased their Q4 2024 earnings per share (EPS) estimates for shares of Northern Oil and Gas in a research report issued on Tuesday, January 21st. Capital One Financial analyst P. Johnston now forecasts that the company will post earnings of $1.13 per share for the quarter, down from their previous estimate of $1.31. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $5.37 per share. Capital One Financial also issued estimates for Northern Oil and Gas’ Q1 2025 earnings at $1.25 EPS, Q2 2025 earnings at $1.28 EPS, Q3 2025 earnings at $1.41 EPS, Q4 2025 earnings at $1.50 EPS and FY2026 earnings at $5.40 EPS.

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

A number of other research analysts also recently issued reports on the stock. Jefferies Financial Group initiated coverage on shares of Northern Oil and Gas in a research report on Thursday, October 3rd. They set a “buy” rating and a $53.00 target price for the company. Truist Financial boosted their price objective on Northern Oil and Gas from $52.00 to $55.00 and gave the company a “buy” rating in a report on Monday, January 13th. Mizuho lowered Northern Oil and Gas from an “outperform” rating to a “neutral” rating and set a $47.00 target price on the stock. in a report on Monday, December 16th. Royal Bank of Canada reissued a “sector perform” rating and issued a $45.00 price target on shares of Northern Oil and Gas in a report on Friday, January 10th. Finally, Piper Sandler dropped their price objective on shares of Northern Oil and Gas from $41.00 to $37.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.50.

Northern Oil and Gas Stock Down 1.5 %

NOG stock opened at $39.85 on Wednesday. The company has a market capitalization of $3.98 billion, a P/E ratio of 4.78 and a beta of 1.85. Northern Oil and Gas has a 12 month low of $31.13 and a 12 month high of $44.31. The firm’s fifty day simple moving average is $40.05 and its 200-day simple moving average is $38.85. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.23 and a quick ratio of 1.23.

Northern Oil and Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, December 30th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.22%. The ex-dividend date is Monday, December 30th. Northern Oil and Gas’s payout ratio is 20.17%.

Insider Buying and Selling at Northern Oil and Gas

In other Northern Oil and Gas news, President Adam A. Dirlam sold 836 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $39.00, for a total transaction of $32,604.00. Following the completion of the transaction, the president now owns 96,223 shares of the company’s stock, valued at $3,752,697. This represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 1,836 shares of company stock valued at $72,869 over the last ninety days. Corporate insiders own 2.80% of the company’s stock.

Institutional Trading of Northern Oil and Gas

Institutional investors have recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new position in Northern Oil and Gas in the 3rd quarter valued at $25,000. Signaturefd LLC raised its position in shares of Northern Oil and Gas by 100.5% in the third quarter. Signaturefd LLC now owns 852 shares of the company’s stock valued at $30,000 after buying an additional 427 shares during the last quarter. Quarry LP lifted its stake in shares of Northern Oil and Gas by 338.8% in the second quarter. Quarry LP now owns 1,132 shares of the company’s stock worth $42,000 after buying an additional 874 shares in the last quarter. Blue Trust Inc. boosted its position in Northern Oil and Gas by 177.2% during the fourth quarter. Blue Trust Inc. now owns 1,253 shares of the company’s stock worth $44,000 after acquiring an additional 801 shares during the last quarter. Finally, Avior Wealth Management LLC grew its stake in Northern Oil and Gas by 23.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,372 shares of the company’s stock valued at $51,000 after acquiring an additional 259 shares in the last quarter. 98.80% of the stock is owned by institutional investors and hedge funds.

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.