Zacks Research Has Negative Forecast for NOG FY2027 Earnings

Northern Oil and Gas, Inc. (NYSE:NOG) – Zacks Research decreased their FY2027 earnings per share (EPS) estimates for Northern Oil and Gas in a report released on Monday, February 9th. Zacks Research analyst Team now forecasts that the company will earn $3.03 per share for the year, down from their previous forecast of $3.43. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $5.18 per share.

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

Northern Oil and Gas Trading Down 0.9%

NYSE NOG opened at $25.66 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $2.50 billion, a P/E ratio of 14.50 and a beta of 1.01. Northern Oil and Gas has a 52-week low of $19.88 and a 52-week high of $36.95. The firm has a 50-day moving average price of $22.97 and a 200 day moving average price of $23.64.

Institutional Trading of Northern Oil and Gas

Large investors have recently modified their holdings of the business. Tributary Capital Management LLC increased its position in Northern Oil and Gas by 146.3% during the third quarter. Tributary Capital Management LLC now owns 1,312,256 shares of the company’s stock worth $32,544,000 after buying an additional 779,492 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its position in Northern Oil and Gas by 390.1% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 72,721 shares of the company’s stock worth $1,803,000 after purchasing an additional 57,882 shares in the last quarter. Register Financial Advisors LLC raised its stake in Northern Oil and Gas by 364.4% in the 3rd quarter. Register Financial Advisors LLC now owns 104,547 shares of the company’s stock valued at $2,593,000 after purchasing an additional 82,033 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Northern Oil and Gas by 178.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 22,857 shares of the company’s stock valued at $648,000 after purchasing an additional 14,637 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Northern Oil and Gas by 399.5% during the 3rd quarter. SG Americas Securities LLC now owns 70,319 shares of the company’s stock worth $1,744,000 after purchasing an additional 56,241 shares during the last quarter. 98.80% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Northern Oil and Gas

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

• Neutral Sentiment: Northern Oil & Gas issued a fourth‑quarter update via BusinessWire; investors should read the release for production, revenue, disposition and any management commentary that could change near‑term expectations. NOG Provides Fourth Quarter Update
• Negative Sentiment: Zacks Research cut multiple quarterly and annual EPS forecasts for NOG, trimming estimates across FY2025–FY2027. Notable downgrades include Q2 2027 (from $1.01 to $0.83), Q4 2027 (from $0.81 to $0.74), Q3 2027 (from $0.83 to $0.76), Q1 2027 (from $0.77 to $0.69) and several 2026 quarters (e.g., Q3 2026 to $0.63, Q2 2026 to $0.59). Zacks also reduced FY2026 to $2.68 (from $2.74) and slightly lowered FY2025 to $4.31. These cuts signal weaker near‑term earnings visibility and are the primary driver putting downward pressure on the stock.

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.