Capital One Financial Has Weak Estimate for NOG Q4 Earnings

Northern Oil and Gas, Inc. (NYSE:NOG) – Analysts at Capital One Financial decreased their Q4 2024 earnings per share estimates for shares of Northern Oil and Gas in a report issued on Tuesday, January 21st. Capital One Financial analyst P. Johnston now expects that the company will post earnings of $1.13 per share for the quarter, down from their prior forecast of $1.31. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $5.37 per share. Capital One Financial also issued estimates for Northern Oil and Gas’ Q1 2025 earnings at $1.25 EPS, Q2 2025 earnings at $1.28 EPS, Q3 2025 earnings at $1.41 EPS, Q4 2025 earnings at $1.50 EPS and FY2026 earnings at $5.40 EPS.

Other equities research analysts have also issued reports about the company. 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, December 16th. Truist Financial lifted their target price on Northern Oil and Gas from $52.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Jefferies Financial Group began coverage on shares of Northern Oil and Gas in a report on Thursday, October 3rd. They issued a “buy” rating and a $53.00 price target on the stock. Piper Sandler reduced their price target 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, December 17th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $45.00 price objective on shares of Northern Oil and Gas in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Northern Oil and Gas currently has an average rating of “Moderate Buy” and a consensus price target of $47.50.

Northern Oil and Gas Stock Down 1.5 %

NYSE NOG opened at $39.85 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.84. Northern Oil and Gas has a 52 week low of $31.13 and a 52 week high of $44.31. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 4.78 and a beta of 1.85. The company has a fifty day moving average of $40.05 and a two-hundred day moving average of $38.85.

Northern Oil and Gas (NYSE:NOG) last announced its earnings results on Tuesday, November 5th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.20. Northern Oil and Gas had a return on equity of 27.52% and a net margin of 33.44%. The firm had revenue of $753.64 million during the quarter, compared to analysts’ expectations of $540.23 million. During the same quarter in the previous year, the business earned $1.73 EPS. The company’s quarterly revenue was up 140.0% on a year-over-year basis.

Institutional Investors Weigh In On Northern Oil and Gas

Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Northern Oil and Gas by 45.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,521,924 shares of the company’s stock valued at $93,744,000 after purchasing an additional 789,985 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Northern Oil and Gas by 45.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,733 shares of the company’s stock valued at $325,000 after buying an additional 2,734 shares during the last quarter. DRW Securities LLC acquired a new stake in Northern Oil and Gas in the second quarter worth about $253,000. Public Sector Pension Investment Board grew its stake in shares of Northern Oil and Gas by 7.6% during the second quarter. Public Sector Pension Investment Board now owns 201,331 shares of the company’s stock worth $7,483,000 after acquiring an additional 14,237 shares during the last quarter. Finally, Xponance Inc. grew its stake in shares of Northern Oil and Gas by 18.4% during the second quarter. Xponance Inc. now owns 6,294 shares of the company’s stock worth $234,000 after acquiring an additional 977 shares during the last quarter. 98.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Northern Oil and Gas

In other news, President Adam A. Dirlam sold 836 shares of Northern Oil and Gas stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $39.00, for a total value of $32,604.00. Following the transaction, the president now owns 96,223 shares of the company’s stock, valued at $3,752,697. The trade was a 0.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders sold 1,836 shares of company stock valued at $72,869. Corporate insiders own 2.80% of the company’s stock.

Northern Oil and Gas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, December 30th will be issued a $0.42 dividend. The ex-dividend date is Monday, December 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.22%. Northern Oil and Gas’s dividend payout ratio is presently 20.17%.

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.