Zacks Research Issues Negative Forecast for NOG Earnings

Northern Oil and Gas, Inc. (NYSE:NOG) – Research analysts at Zacks Research cut their Q4 2025 earnings per share estimates for Northern Oil and Gas in a research report issued to clients and investors on Thursday, November 20th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $0.61 for the quarter, down from their previous forecast of $0.87. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $5.18 per share. Zacks Research also issued estimates for Northern Oil and Gas’ Q1 2026 earnings at $0.73 EPS, Q2 2027 earnings at $0.99 EPS, Q3 2027 earnings at $0.83 EPS and FY2027 earnings at $3.40 EPS.

Other equities research analysts have also issued research reports about the company. Citigroup cut their price target on Northern Oil and Gas from $32.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Northern Oil and Gas in a report on Wednesday, October 8th. Mizuho reduced their price objective on shares of Northern Oil and Gas from $32.00 to $28.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. William Blair assumed coverage on shares of Northern Oil and Gas in a research report on Monday, August 25th. They set an “outperform” rating for the company. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $26.00 target price (down from $27.00) on shares of Northern Oil and Gas in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $33.00.

Northern Oil and Gas Stock Performance

Shares of NYSE NOG opened at $21.45 on Monday. The stock has a market cap of $2.09 billion, a PE ratio of 3.54 and a beta of 1.48. Northern Oil and Gas has a 1 year low of $19.88 and a 1 year high of $44.31. The firm has a fifty day moving average price of $23.20 and a 200-day moving average price of $26.04. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.21 and a quick ratio of 1.21.

Northern Oil and Gas (NYSE:NOG) last released its earnings results on Monday, March 6th. The company reported $1.06 earnings per share (EPS) for the quarter. Northern Oil and Gas had a net margin of 23.62% and a return on equity of 22.12%. The company had revenue of $319.19 million during the quarter.

Hedge Funds Weigh In On Northern Oil and Gas

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Pinnacle Holdings LLC bought a new position in shares of Northern Oil and Gas in the 1st quarter valued at about $28,000. MassMutual Private Wealth & Trust FSB raised its position in Northern Oil and Gas by 133.3% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 954 shares of the company’s stock valued at $27,000 after purchasing an additional 545 shares during the period. UMB Bank n.a. lifted its stake in shares of Northern Oil and Gas by 200.3% in the 2nd quarter. UMB Bank n.a. now owns 955 shares of the company’s stock valued at $27,000 after purchasing an additional 637 shares during the last quarter. Laurel Wealth Advisors LLC boosted its holdings in shares of Northern Oil and Gas by 2,736.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,021 shares of the company’s stock worth $29,000 after purchasing an additional 985 shares during the period. Finally, First Horizon Corp bought a new position in shares of Northern Oil and Gas during the 3rd quarter valued at approximately $27,000. 98.80% of the stock is owned by hedge funds and other institutional investors.

Northern Oil and Gas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Tuesday, December 30th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, December 30th. This represents a $1.80 dividend on an annualized basis and a yield of 8.4%. Northern Oil and Gas’s dividend payout ratio is presently 101.69%.

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.