What is Zacks Research’s Estimate for NOG FY2026 Earnings?

Northern Oil and Gas, Inc. (NYSE:NOG) – Research analysts at Zacks Research lifted their FY2026 EPS estimates for Northern Oil and Gas in a research note issued on Wednesday, September 16th. Zacks Research analyst Team now anticipates that the company will post earnings of $3.43 per share for the year, up from their previous forecast of $3.42. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $3.63 per share.

Northern Oil and Gas (NYSE:NOG) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.05). Northern Oil and Gas had a negative net margin of 25.35% and a positive return on equity of 18.69%. The business had revenue of $745.24 million during the quarter, compared to the consensus estimate of $594.09 million. During the same quarter in the previous year, the business posted $1.37 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis.

A number of other research firms also recently weighed in on NOG. Johnson Rice downgraded shares of Northern Oil and Gas from an “accumulate” rating to a “hold” rating and set a $36.00 price target on the stock. in a research note on Wednesday, May 20th. Citigroup dropped their price objective on shares of Northern Oil and Gas from $36.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Wall Street Zen upgraded shares of Northern Oil and Gas from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Weiss Ratings raised shares of Northern Oil and Gas from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Finally, Morgan Stanley set a $25.00 target price on shares of Northern Oil and Gas and gave the stock an “underweight” rating in a research note on Monday, June 29th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Northern Oil and Gas currently has a consensus rating of “Hold” and an average price target of $31.00.

Northern Oil and Gas Stock Down 6.7%

Shares of NYSE NOG opened at $25.31 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The company has a market cap of $2.70 billion, a price-to-earnings ratio of -4.89 and a beta of 0.73. Northern Oil and Gas has a 12 month low of $17.18 and a 12 month high of $31.17. The stock has a 50-day moving average price of $23.53 and a two-hundred day moving average price of $24.15.

Northern Oil and Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, September 29th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date is Tuesday, September 29th. Northern Oil and Gas’s payout ratio is -34.75%.

Insider Buying and Selling at Northern Oil and Gas

In related news, Director Bahram Akradi acquired 25,760 shares of the stock in a transaction dated Monday, June 22nd. The stock was bought at an average cost of $19.40 per share, for a total transaction of $499,744.00. Following the completion of the transaction, the director directly owned 1,713,444 shares of the company’s stock, valued at $33,240,813.60. The trade was a 1.53% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new stake in shares of Northern Oil and Gas in the 2nd quarter valued at $26,769,000. Bank of America Corp DE lifted its holdings in Northern Oil and Gas by 18.5% in the first quarter. Bank of America Corp DE now owns 1,245,639 shares of the company’s stock valued at $36,410,000 after buying an additional 194,861 shares during the period. First Trust Advisors LP boosted its position in Northern Oil and Gas by 116.8% during the first quarter. First Trust Advisors LP now owns 1,167,971 shares of the company’s stock valued at $34,140,000 after acquiring an additional 629,197 shares during the last quarter. Kennedy Capital Management LLC grew its holdings in Northern Oil and Gas by 17.0% during the 4th quarter. Kennedy Capital Management LLC now owns 884,006 shares of the company’s stock worth $18,980,000 after acquiring an additional 128,545 shares during the period. Finally, Requisite Capital Management LLC acquired a new stake in Northern Oil and Gas during the 2nd quarter worth about $10,519,000. Institutional investors own 98.80% of the company’s stock.

About Northern Oil and Gas

Northern Oil and Gas, Inc is an independent exploration and production company focused on acquiring and managing non-operated interests in oil and natural gas properties. Rather than serving as the primary operator of wells, the company invests alongside established operators and participates in the development and production of upstream assets.

The company’s portfolio includes interests in producing and undeveloped properties across several major U.S. oil and gas regions, including the Williston Basin, Permian Basin and Uinta Basin.