Zacks Research Has Positive Estimate for NOG FY2028 Earnings

Northern Oil and Gas, Inc. (NYSE:NOG) – Zacks Research increased their FY2028 EPS estimates for shares of Northern Oil and Gas in a report released on Wednesday, June 10th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $3.35 for the year, up from their previous forecast of $3.02. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $3.44 per share.

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

Several other equities analysts also recently issued reports on the stock. Bank of America lifted their price target on shares of Northern Oil and Gas from $27.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, March 24th. Johnson Rice downgraded shares of Northern Oil and Gas from an “accumulate” rating to a “hold” rating and set a $36.00 target price for the company. in a research note on Wednesday, May 20th. Weiss Ratings downgraded shares of Northern Oil and Gas from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Morgan Stanley reaffirmed an “underweight” rating and issued a $29.00 target price (up from $28.00) on shares of Northern Oil and Gas in a research note on Friday, May 22nd. Finally, Royal Bank Of Canada boosted their target price on shares of Northern Oil and Gas from $30.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 8th. Four equities 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 stock. According to data from MarketBeat, Northern Oil and Gas has a consensus rating of “Hold” and an average target price of $33.00.

Northern Oil and Gas Trading Down 4.2%

Shares of NOG stock opened at $20.45 on Friday. Northern Oil and Gas has a 12-month low of $20.18 and a 12-month high of $32.62. The company has a market capitalization of $2.22 billion, a P/E ratio of -3.21 and a beta of 0.68. The firm has a 50-day moving average price of $24.72 and a 200 day moving average price of $24.76. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.43.

Northern Oil and Gas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, June 29th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, June 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.8%. Northern Oil and Gas’s payout ratio is currently -28.26%.

Institutional Investors Weigh In On Northern Oil and Gas

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Northern Oil and Gas by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 10,873,455 shares of the company’s stock worth $233,453,000 after buying an additional 141,499 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Northern Oil and Gas by 5.0% during 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 during the last quarter. Westfield Capital Management Co. LP raised its stake in shares of Northern Oil and Gas by 9.1% during the third quarter. Westfield Capital Management Co. LP now owns 1,899,017 shares of the company’s stock worth $47,096,000 after buying an additional 158,713 shares during the last quarter. Channing Capital Management LLC raised its stake in shares of Northern Oil and Gas by 15.7% during the third quarter. Channing Capital Management LLC now owns 1,702,177 shares of the company’s stock worth $42,214,000 after buying an additional 230,899 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Northern Oil and Gas by 7.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,450,294 shares of the company’s stock worth $31,138,000 after buying an additional 105,876 shares during the last quarter. 98.80% of the stock is owned by institutional investors.

More Northern Oil and Gas News

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

• Positive Sentiment: Zacks Research increased its earnings outlook for Northern Oil and Gas across several future periods, including higher full-year estimates for FY2026, FY2027, and FY2028, which is generally supportive for the stock.
• Positive Sentiment: Near-term quarterly EPS estimates were also raised for Q2 2026, Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027, and Q4 2027, suggesting analysts see improving operating performance.
• Neutral Sentiment: The latest estimates still sit near or below the current consensus in some periods, so the revisions are positive but not a major surprise versus existing expectations.

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.