Research Analysts Issue Forecasts for NOG Q1 Earnings

Northern Oil and Gas, Inc. (NYSE:NOG) – Equities researchers at Roth Capital decreased their Q1 2025 earnings per share estimates for shares of Northern Oil and Gas in a report released on Monday, March 31st. Roth Capital analyst J. White now expects that the company will earn $1.16 per share for the quarter, down from their previous forecast of $1.19. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $5.18 per share. Roth Capital also issued estimates for Northern Oil and Gas’ Q4 2025 earnings at $1.20 EPS.

NOG has been the subject of several other reports. Truist Financial boosted their price objective on Northern Oil and Gas from $52.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Morgan Stanley dropped their price target on Northern Oil and Gas from $43.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, March 27th. Mizuho lowered Northern Oil and Gas from an “outperform” rating to a “neutral” rating and set a $47.00 price objective on the stock. in a report on Monday, December 16th. Piper Sandler lowered their target price on shares of Northern Oil and Gas from $37.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Finally, Capital One Financial cut shares of Northern Oil and Gas from an “overweight” rating to an “equal weight” rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, Northern Oil and Gas has an average rating of “Hold” and a consensus price target of $45.44.

Northern Oil and Gas Stock Up 2.8 %

NOG stock opened at $30.72 on Thursday. The stock has a market capitalization of $3.04 billion, a P/E ratio of 5.98 and a beta of 1.84. Northern Oil and Gas has a 52 week low of $26.60 and a 52 week high of $44.31. The firm has a 50-day simple moving average of $32.61 and a 200-day simple moving average of $36.75. The company has a quick ratio of 1.23, a current ratio of 0.92 and a debt-to-equity ratio of 1.02.

Northern Oil and Gas (NYSE:NOG) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.16). Northern Oil and Gas had a return on equity of 24.41% and a net margin of 23.38%. The company had revenue of $545.47 million for the quarter, compared to analyst estimates of $552.34 million.

Northern Oil and Gas announced that its board has authorized a stock buyback plan on Tuesday, March 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 3.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Northern Oil and Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, March 28th will be issued a $0.45 dividend. The ex-dividend date is Friday, March 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.86%. This is a positive change from Northern Oil and Gas’s previous quarterly dividend of $0.42. Northern Oil and Gas’s dividend payout ratio is currently 35.02%.

Insider Buying and Selling

In other news, Director Bahram Akradi purchased 40,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of $28.03 per share, with a total value of $1,121,200.00. Following the purchase, the director now directly owns 1,662,016 shares in the company, valued at approximately $46,586,308.48. This represents a 2.47 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Adam A. Dirlam sold 836 shares of the firm’s 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 sale, 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 position. The disclosure for this sale can be found here. 2.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Northern Oil and Gas

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC acquired a new stake in shares of Northern Oil and Gas during the 3rd quarter worth about $25,000. Headlands Technologies LLC acquired a new stake in shares of Northern Oil and Gas during the fourth quarter valued at about $29,000. Blue Trust Inc. increased its position in shares of Northern Oil and Gas by 177.2% during the fourth quarter. Blue Trust Inc. now owns 1,253 shares of the company’s stock valued at $44,000 after acquiring an additional 801 shares during the last quarter. Avior Wealth Management LLC raised its stake in shares of Northern Oil and Gas by 23.3% in 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 during the period. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Northern Oil and Gas in the 4th quarter worth approximately $66,000. Hedge funds and other institutional investors own 98.80% of the company’s stock.

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.