Zacks Research Issues Optimistic Forecast for NOG Earnings

Northern Oil and Gas, Inc. (NYSE:NOG) – Stock analysts at Zacks Research lifted their Q3 2026 earnings per share (EPS) estimates for shares of Northern Oil and Gas in a research report issued to clients and investors on Friday, October 16th. Zacks Research analyst Team now expects that the company will post earnings of $0.83 per share for the quarter, up from their previous forecast of $0.81. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $3.82 per share. Zacks Research also issued estimates for Northern Oil and Gas’ FY2026 earnings at $3.46 EPS, Q1 2027 earnings at $0.89 EPS and Q3 2027 earnings at $0.70 EPS.

NOG has been the subject of several other research reports. Mizuho upped their price target on shares of Northern Oil and Gas from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 14th. Wall Street Zen raised shares of Northern Oil and Gas from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Weiss Ratings lowered shares of Northern Oil and Gas from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, October 8th. Citigroup boosted their price objective on shares of Northern Oil and Gas from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, October 15th. Finally, Scotiabank started coverage on shares of Northern Oil and Gas in a research note on Wednesday, October 14th. They set a “sector perform” rating and a $27.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $31.22.

Northern Oil and Gas Price Performance

NOG opened at $27.75 on Monday. Northern Oil and Gas has a 1 year low of $17.18 and a 1 year high of $31.17. The company’s 50 day simple moving average is $25.27 and its 200 day simple moving average is $23.50. The stock has a market capitalization of $2.96 billion, a PE ratio of 7.28 and a beta of 0.90. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.80.

Northern Oil and Gas (NYSE:NOG) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.05). The company had revenue of $745.24 million for the quarter, compared to analyst estimates of $594.09 million. Northern Oil and Gas had a negative net margin of 25.35% and a positive return on equity of 18.69%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.37 EPS.

Hedge Funds Weigh In On Northern Oil and Gas

Hedge funds and other institutional investors have recently modified their holdings of the company. Ascentis Independent Advisors purchased a new position in Northern Oil and Gas in the first quarter valued at approximately $33,000. Triumph Capital Management lifted its position in Northern Oil and Gas by 77.8% during the third quarter. Triumph Capital Management now owns 1,600 shares of the company’s stock valued at $37,000 after buying an additional 700 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in Northern Oil and Gas during the second quarter worth approximately $29,000. Allworth Financial LP purchased a new stake in Northern Oil and Gas during the second quarter worth approximately $31,000. Finally, Farther Finance Advisors LLC grew its stake in Northern Oil and Gas by 41.2% during the third quarter. Farther Finance Advisors LLC now owns 1,751 shares of the company’s stock worth $40,000 after buying an additional 511 shares during the period. 98.80% of the stock is owned by institutional investors and hedge funds.

Northern Oil and Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, September 29th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Tuesday, September 29th. Northern Oil and Gas’s dividend payout ratio (DPR) is -34.75%.

Northern Oil and Gas Company Profile

Northern Oil and Gas, Inc is an independent energy company engaged in the acquisition, exploration, development and production of crude oil, natural gas and natural gas liquids in the United States. The company primarily holds non-operated working interests in wells, allowing it to participate in hydrocarbon development without serving as the principal operator.

Northern Oil and Gas has built a diversified portfolio across several major U.S. oil and natural gas regions, including the Williston Basin, the Permian Basin and the Appalachian Basin.