FY2025 EPS Estimate for Northern Oil and Gas Cut by Analyst

Northern Oil and Gas, Inc. (NYSE:NOG) – Zacks Research dropped their FY2025 earnings per share estimates for shares of Northern Oil and Gas in a research report issued to clients and investors on Monday, February 9th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $4.31 for the year, down from their previous estimate of $4.33. 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 2025 earnings at $0.58 EPS, Q2 2026 earnings at $0.59 EPS, Q3 2026 earnings at $0.63 EPS, Q4 2026 earnings at $0.72 EPS, FY2026 earnings at $2.68 EPS, Q1 2027 earnings at $0.69 EPS, Q2 2027 earnings at $0.83 EPS, Q3 2027 earnings at $0.76 EPS and Q4 2027 earnings at $0.74 EPS.

Several other research analysts also recently weighed in on the company. Mizuho set a $29.00 price target on Northern Oil and Gas in a report on Wednesday, January 21st. Morgan Stanley set a $24.00 target price on Northern Oil and Gas and gave the stock an “underweight” rating in a report on Friday, January 23rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Northern Oil and Gas in a research report on Thursday, January 22nd. Royal Bank Of Canada cut their price target on Northern Oil and Gas from $33.00 to $30.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 20th. Finally, Citigroup cut their price objective on Northern Oil and Gas from $32.00 to $28.00 and set a “buy” rating for the company in a research report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Northern Oil and Gas currently has a consensus rating of “Hold” and an average price target of $29.29.

Northern Oil and Gas Price Performance

NOG stock opened at $26.59 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.05. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 15.02 and a beta of 1.01. Northern Oil and Gas has a 12-month low of $19.88 and a 12-month high of $36.16. The firm has a 50 day moving average of $23.02 and a 200-day moving average of $23.66.

Institutional Investors Weigh In On Northern Oil and Gas

A number of hedge funds and other institutional investors have recently bought and sold shares of NOG. Teacher Retirement System of Texas increased its stake in Northern Oil and Gas by 2.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 14,270 shares of the company’s stock worth $405,000 after acquiring an additional 402 shares during the last quarter. Range Financial Group LLC boosted its position in Northern Oil and Gas by 5.3% during the 3rd quarter. Range Financial Group LLC now owns 9,736 shares of the company’s stock valued at $241,000 after acquiring an additional 486 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in Northern Oil and Gas by 18.8% in the fourth quarter. SBI Securities Co. Ltd. now owns 3,207 shares of the company’s stock worth $69,000 after purchasing an additional 507 shares during the last quarter. First National Advisers LLC lifted its holdings in shares of Northern Oil and Gas by 4.8% during the 3rd quarter. First National Advisers LLC now owns 12,665 shares of the company’s stock valued at $314,000 after purchasing an additional 580 shares during the last quarter. Finally, KLP Kapitalforvaltning AS increased its position in Northern Oil and Gas by 3.0% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 20,300 shares of the company’s stock valued at $583,000 after buying an additional 600 shares in the last quarter. Institutional investors own 98.80% of the company’s stock.

Northern Oil and Gas News Summary

Here are the key news stories impacting Northern Oil and Gas this week:

• Neutral Sentiment: Company-provided fourth-quarter update released on Feb. 10 — the corporate update may contain operational or financial details investors are parsing; the company press release is here: NOG Provides Fourth Quarter Update
• Negative Sentiment: Zacks Research sharply trimmed multiple near‑ and medium‑term EPS forecasts for NOG on Feb. 9. Notable cuts include FY2027 to $3.03 from $3.43 and FY2026 to $2.68 from $2.74, and several quarterly downgrades (examples: Q2 2027 from $1.01 to $0.83; Q1 2027 from $0.77 to $0.69; Q3/Q4 2027 and multiple 2026 quarters also reduced). Zacks’ model now sits well below the consensus full‑year estimate cited in the reports (~$5.18), signaling weaker expected earnings and potential pressure on valuation.

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.