Zacks Research Analysts Boost Earnings Estimates for NOG

by · The Markets Daily

Northern Oil and Gas, Inc. (NYSE:NOG – Free Report) – Equities researchers at Zacks Research raised their Q4 2026 earnings per share (EPS) estimates for Northern Oil and Gas in a report released on Friday, October 16th. Zacks Research analyst Team now forecasts that the company will post earnings of $0.75 per share for the quarter, up from their prior forecast of $0.74. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $3.82 per share. Zacks Research also issued estimates for Northern Oil and Gas’ Q4 2027 earnings at $0.79 EPS, Q2 2028 earnings at $0.86 EPS and FY2028 earnings at $3.36 EPS.

A number of other equities research analysts also recently weighed in on NOG. Weiss Ratings downgraded Northern Oil and Gas from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, October 8th. Mizuho lifted their price target on Northern Oil and Gas from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, October 14th. Morgan Stanley reissued an “underweight” rating and set a $26.00 price target (up from $25.00) on shares of Northern Oil and Gas in a report on Thursday. Wall Street Zen raised Northern Oil and Gas from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Citigroup upped their price objective on Northern Oil and Gas from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, October 15th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $31.22.

View Our Latest Stock Analysis on NOG

Northern Oil and Gas Stock Up 2.2%

NOG stock opened at $27.75 on Tuesday. The business has a 50-day simple moving average of $25.27 and a 200 day simple moving average of $23.50. Northern Oil and Gas has a 52 week low of $17.18 and a 52 week high of $31.17. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.37. The company has a market cap of $2.96 billion, a PE ratio of -5.36 and a beta of 0.90.

Northern Oil and Gas (NYSE:NOG – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.05). Northern Oil and Gas had a positive return on equity of 18.69% and a negative net margin of 25.35%. The firm had revenue of $745.24 million for the quarter, compared to analyst estimates of $594.09 million. During the same period in the previous year, the business posted $1.37 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis.

Northern Oil and Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, September 29th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $1.80 annualized dividend and a dividend yield of 6.5%. Northern Oil and Gas’s payout ratio is -34.75%.

Hedge Funds Weigh In On Northern Oil and Gas

A number of institutional investors have recently added to or reduced their stakes in NOG. The Manufacturers Life Insurance Company acquired a new stake in Northern Oil and Gas in the second quarter valued at approximately $917,000. Bank of America Corp DE grew its stake in shares of Northern Oil and Gas by 18.5% during the first quarter. Bank of America Corp DE now owns 1,245,639 shares of the company’s stock worth $36,410,000 after buying an additional 194,861 shares during the last quarter. Hsbc Holdings PLC bought a new stake in shares of Northern Oil and Gas during the first quarter worth $8,115,000. First Trust Advisors LP grew its stake in shares of Northern Oil and Gas by 116.8% during the first quarter. First Trust Advisors LP now owns 1,167,971 shares of the company’s stock worth $34,140,000 after buying an additional 629,197 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Northern Oil and Gas during the first quarter worth $3,192,000. 98.80% of the stock is currently owned by institutional investors and hedge funds.

About Northern Oil and Gas

(Get Free Report)

Northern Oil and Gas, Inc is an independent energy company engaged in the acquisition, exploration, development and production of crude oil, natural gas and natural gas liquids in the United States. The company primarily holds non-operated working interests in wells, allowing it to participate in hydrocarbon development without serving as the principal operator.

Northern Oil and Gas has built a diversified portfolio across several major U.S. oil and natural gas regions, including the Williston Basin, the Permian Basin and the Appalachian Basin.

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