Zacks Research Issues Negative Outlook for NOG Earnings

Northern Oil and Gas, Inc. (NYSE:NOG) – Zacks Research dropped their Q3 2027 earnings per share (EPS) estimates for Northern Oil and Gas in a research report issued to clients and investors on Wednesday, January 14th. Zacks Research analyst Team now expects that the company will post earnings per share of $0.83 for the quarter, down from their previous forecast of $0.85. 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 2027 earnings at $0.81 EPS and FY2027 earnings at $3.43 EPS.

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

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

Northern Oil and Gas Price Performance

NYSE:NOG opened at $22.25 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.05. Northern Oil and Gas has a 52 week low of $19.88 and a 52 week high of $42.22. The stock’s 50-day moving average price is $22.25 and its 200-day moving average price is $24.19. The stock has a market capitalization of $2.17 billion, a PE ratio of 12.57 and a beta of 0.98.

Northern Oil and Gas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Tuesday, December 30th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Tuesday, December 30th. Northern Oil and Gas’s payout ratio is presently 101.69%.

Institutional Inflows and Outflows

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