What is Roth Capital’s Forecast for NOG Q4 Earnings?

Northern Oil and Gas, Inc. (NYSE:NOG) – Equities researchers at Roth Capital issued their Q4 2024 earnings per share (EPS) estimates for shares of Northern Oil and Gas in a report released on Monday, December 16th. Roth Capital analyst J. White anticipates that the company will post earnings per share of $1.32 for the quarter. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $5.40 per share. Roth Capital also issued estimates for Northern Oil and Gas’ Q1 2025 earnings at $1.10 EPS, Q2 2025 earnings at $0.92 EPS, Q3 2025 earnings at $1.07 EPS, Q4 2025 earnings at $1.25 EPS and FY2025 earnings at $4.34 EPS.

Northern Oil and Gas (NYSE:NOG) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.20. The company had revenue of $753.64 million for the quarter, compared to analyst estimates of $540.23 million. Northern Oil and Gas had a net margin of 33.44% and a return on equity of 27.52%. The company’s quarterly revenue was up 140.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.73 earnings per share.

Several other brokerages also recently commented on NOG. Jefferies Financial Group began coverage on Northern Oil and Gas in a research note on Thursday, October 3rd. They issued a “buy” rating and a $53.00 target price for the company. Royal Bank of Canada lowered shares of Northern Oil and Gas from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from $43.00 to $45.00 in a research report on Wednesday, November 20th. Morgan Stanley decreased their price target on shares of Northern Oil and Gas from $42.00 to $39.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. Piper Sandler lowered their target price on shares of Northern Oil and Gas from $41.00 to $37.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Mizuho lowered Northern Oil and Gas from an “outperform” rating to a “neutral” rating and set a $47.00 price target for the company. in a research note on Monday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Northern Oil and Gas presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.20.

Northern Oil and Gas Trading Down 2.1 %

NYSE:NOG opened at $36.02 on Thursday. Northern Oil and Gas has a 1 year low of $31.13 and a 1 year high of $44.31. The stock’s fifty day moving average price is $39.78 and its two-hundred day moving average price is $38.70. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.23 and a quick ratio of 1.23. The company has a market cap of $3.60 billion, a P/E ratio of 4.32 and a beta of 1.85.

Northern Oil and Gas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, December 30th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.68 annualized dividend and a yield of 4.66%. Northern Oil and Gas’s payout ratio is 20.17%.

Insider Buying and Selling at Northern Oil and Gas

In related news, President Adam A. Dirlam sold 2,508 shares of Northern Oil and Gas stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $38.50, for a total transaction of $96,558.00. Following the completion of the sale, the president now owns 107,876 shares in the company, valued at $4,153,226. This trade represents a 2.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Chad W. Allen sold 1,500 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $40.00, for a total transaction of $60,000.00. Following the completion of the sale, the chief financial officer now directly owns 83,792 shares of the company’s stock, valued at approximately $3,351,680. This trade represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,508 shares of company stock worth $248,113 in the last quarter. 2.80% of the stock is owned by corporate insiders.

Institutional Trading of Northern Oil and Gas

Several institutional investors and hedge funds have recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new position in Northern Oil and Gas in the third quarter worth $25,000. Signaturefd LLC boosted its holdings in Northern Oil and Gas by 100.5% in the third quarter. Signaturefd LLC now owns 852 shares of the company’s stock worth $30,000 after acquiring an additional 427 shares in the last quarter. Quarry LP grew its stake in shares of Northern Oil and Gas by 338.8% during the second quarter. Quarry LP now owns 1,132 shares of the company’s stock worth $42,000 after acquiring an additional 874 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Northern Oil and Gas by 58.6% during the third quarter. GAMMA Investing LLC now owns 1,752 shares of the company’s stock valued at $62,000 after acquiring an additional 647 shares in the last quarter. Finally, Covestor Ltd raised its position in shares of Northern Oil and Gas by 122.6% in the 3rd quarter. Covestor Ltd now owns 1,903 shares of the company’s stock valued at $67,000 after purchasing an additional 1,048 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, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. It primarily holds interests in the Williston Basin, the Appalachian Basin, and the Permian Basin in the United States.