Zacks Research Has Pessimistic View of NOG FY2026 Earnings

Northern Oil and Gas, Inc. (NYSE:NOG) – Analysts at Zacks Research dropped their FY2026 earnings per share (EPS) estimates for Northern Oil and Gas in a research note issued to investors on Wednesday, January 14th. Zacks Research analyst Team now expects that the company will earn $2.74 per share for the year, down from their prior forecast of $2.75. 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’ Q4 2026 earnings at $0.73 EPS.

Northern Oil and Gas (NYSE:NOG) last issued its earnings results on Thursday, November 6th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.21. Northern Oil and Gas had a return on equity of 20.61% and a net margin of 7.61%.The company had revenue of $556.64 million for the quarter, compared to the consensus estimate of $528.36 million. During the same quarter last year, the company earned $1.40 EPS. The firm’s quarterly revenue was down 26.1% on a year-over-year basis.

Several other equities analysts have also commented on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Northern Oil and Gas in a research note on Wednesday, October 8th. Citigroup dropped their target price on shares of Northern Oil and Gas from $32.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, October 20th. Mizuho lifted their target price on Northern Oil and Gas from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Finally, Morgan Stanley restated an “underweight” rating and issued a $26.00 target price (down previously from $27.00) on shares of Northern Oil and Gas in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $30.14.

Northern Oil and Gas Price Performance

NOG stock opened at $22.25 on Friday. The company has a 50-day moving average price of $22.25 and a 200 day moving average price of $24.23. The stock has a market cap of $2.17 billion, a PE ratio of 12.57 and a beta of 0.98. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.05. Northern Oil and Gas has a 12 month low of $19.88 and a 12 month high of $42.22.

Northern Oil and Gas Announces Dividend

The business also recently announced 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. This represents a $1.80 annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Tuesday, December 30th. Northern Oil and Gas’s payout ratio is presently 101.69%.

Institutional Trading of Northern Oil and Gas

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. DLD Asset Management LP increased its stake in Northern Oil and Gas by 42.9% in the 2nd quarter. DLD Asset Management LP now owns 25,000,000 shares of the company’s stock valued at $708,750,000 after buying an additional 7,500,000 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Northern Oil and Gas by 5.0% in the third quarter. Dimensional Fund Advisors LP now owns 4,941,662 shares of the company’s stock valued at $122,563,000 after buying an additional 235,869 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Northern Oil and Gas by 25.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,951,505 shares of the company’s stock valued at $56,867,000 after purchasing an additional 397,128 shares during the period. Westfield Capital Management Co. LP boosted its position in shares of Northern Oil and Gas by 9.1% in the third quarter. Westfield Capital Management Co. LP now owns 1,899,017 shares of the company’s stock worth $47,096,000 after acquiring an additional 158,713 shares during the last quarter. Finally, Channing Capital Management LLC grew its stake in shares of Northern Oil and Gas by 15.7% during the 3rd quarter. Channing Capital Management LLC now owns 1,702,177 shares of the company’s stock valued at $42,214,000 after buying an additional 230,899 shares during the period. Institutional investors and hedge funds own 98.80% of the company’s stock.

About Northern Oil and Gas

Northern Oil and Gas, Inc is a publicly traded independent energy company focused on the acquisition, exploration and development of oil and natural gas resources in the United States. The company’s primary operations are concentrated in the Williston Basin, where it secures acreage positions and partners with drilling operators to advance upstream projects. Through strategic leasehold acquisitions and joint ventures, Northern Oil and Gas seeks to expand its footprint in both conventional and unconventional reservoirs.

Northern Oil and Gas employs horizontal drilling and hydraulic fracturing technologies to develop unconventional resource plays, particularly in the Bakken, Three Forks and Red River formations of North Dakota and Montana.