Q2 EPS Forecast for Northern Oil and Gas Raised by Analyst

Northern Oil and Gas, Inc. (NYSE:NOG) – Zacks Research raised their Q2 2026 earnings per share estimates for Northern Oil and Gas in a report issued on Friday, July 24th. Zacks Research analyst Team now anticipates that the company will earn $0.77 per share for the quarter, up from their previous forecast of $0.69. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $3.48 per share. Zacks Research also issued estimates for Northern Oil and Gas’ Q3 2026 earnings at $0.77 EPS, Q4 2026 earnings at $0.84 EPS, Q1 2027 earnings at $0.93 EPS, Q4 2027 earnings at $0.80 EPS, FY2027 earnings at $3.22 EPS and Q2 2028 earnings at $0.84 EPS.

Several other analysts have also recently issued reports on the stock. Wall Street Zen cut shares of Northern Oil and Gas from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Mizuho decreased their price target on shares of Northern Oil and Gas from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Royal Bank Of Canada increased their price objective on Northern Oil and Gas from $30.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 8th. Morgan Stanley set a $25.00 price objective on Northern Oil and Gas and gave the company an “underweight” rating in a research note on Monday, June 29th. Finally, Citigroup reduced their target price on Northern Oil and Gas from $36.00 to $28.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $30.62.

Northern Oil and Gas Price Performance

Shares of NYSE:NOG opened at $21.17 on Monday. The company has a 50 day moving average of $20.68 and a 200 day moving average of $24.15. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.43. The stock has a market cap of $2.30 billion, a P/E ratio of -3.32 and a beta of 0.69. Northern Oil and Gas has a 12 month low of $17.18 and a 12 month high of $31.17.

Northern Oil and Gas (NYSE:NOG) last posted its earnings results on Tuesday, April 28th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. Northern Oil and Gas had a positive return on equity of 18.43% and a negative net margin of 33.17%.The business had revenue of $5.03 million during the quarter, compared to analyst estimates of $511.38 million. During the same quarter in the previous year, the firm earned $1.33 EPS. The company’s quarterly revenue was down 6.2% compared to the same quarter last year.

Northern Oil and Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, June 29th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, June 29th. This represents a $1.80 annualized dividend and a dividend yield of 8.5%. Northern Oil and Gas’s dividend payout ratio is -28.26%.

Insider Buying and Selling at Northern Oil and Gas

In other news, Director Bahram Akradi acquired 25,760 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were bought at an average cost of $19.40 per share, with a total value of $499,744.00. Following the acquisition, the director owned 1,713,444 shares in the company, valued at approximately $33,240,813.60. This represents a 1.53% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NOG. Ascentis Independent Advisors purchased a new position in shares of Northern Oil and Gas during the first quarter worth approximately $33,000. Jones Financial Companies Lllp boosted its stake in shares of Northern Oil and Gas by 181.0% in the 1st quarter. Jones Financial Companies Lllp now owns 1,107 shares of the company’s stock valued at $33,000 after purchasing an additional 713 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of Northern Oil and Gas by 572.8% in the 4th quarter. Global Retirement Partners LLC now owns 1,682 shares of the company’s stock valued at $36,000 after purchasing an additional 1,432 shares in the last quarter. Plato Investment Management Ltd bought a new position in shares of Northern Oil and Gas during the 4th quarter valued at $43,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Northern Oil and Gas by 429.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,514 shares of the company’s stock valued at $43,000 after purchasing an additional 1,228 shares during the last quarter. 98.80% of the stock is currently owned by institutional investors.

Northern Oil and Gas Company Profile

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.