Capital One Financial Has Optimistic View of NOG Q1 Earnings

Northern Oil and Gas, Inc. (NYSE:NOG) – Stock analysts at Capital One Financial raised their Q1 2025 earnings per share estimates for shares of Northern Oil and Gas in a research note issued to investors on Wednesday, January 29th. Capital One Financial analyst P. Johnston now forecasts that the company will post earnings of $1.26 per share for the quarter, up from their prior forecast of $1.25. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $5.34 per share. Capital One Financial also issued estimates for Northern Oil and Gas’ Q2 2025 earnings at $1.29 EPS, Q3 2025 earnings at $1.42 EPS and Q4 2025 earnings at $1.51 EPS.

Several other research firms have also commented on NOG. Mizuho lowered shares of Northern Oil and Gas from an “outperform” rating to a “neutral” rating and set a $47.00 price objective on the stock. in a research note on Monday, December 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $45.00 target price on shares of Northern Oil and Gas in a report on Friday, January 10th. Jefferies Financial Group began coverage on shares of Northern Oil and Gas in a research report on Thursday, October 3rd. They issued a “buy” rating and a $53.00 price target for the company. Piper Sandler decreased their price objective on shares of Northern Oil and Gas from $37.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Truist Financial increased 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Northern Oil and Gas currently has a consensus rating of “Hold” and a consensus target price of $47.56.

Northern Oil and Gas Stock Performance

Shares of NOG stock opened at $37.19 on Thursday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.84. The company’s fifty day moving average price is $39.73 and its 200-day moving average price is $38.82. The stock has a market cap of $3.71 billion, a PE ratio of 4.46 and a beta of 1.85. Northern Oil and Gas has a 12 month low of $31.13 and a 12 month high of $44.31.

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

Institutional Investors Weigh In On Northern Oil and Gas

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of Northern Oil and Gas by 4.6% in the third quarter. Geode Capital Management LLC now owns 2,283,777 shares of the company’s stock valued at $80,884,000 after purchasing an additional 100,761 shares during the period. Copeland Capital Management LLC lifted its position in Northern Oil and Gas by 0.9% during the fourth quarter. Copeland Capital Management LLC now owns 2,114,909 shares of the company’s stock valued at $78,590,000 after purchasing an additional 18,195 shares during the period. Allspring Global Investments Holdings LLC grew its position in Northern Oil and Gas by 1.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,381,285 shares of the company’s stock worth $52,102,000 after purchasing an additional 21,754 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Northern Oil and Gas by 11.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 985,643 shares of the company’s stock valued at $34,902,000 after buying an additional 103,314 shares during the period. Finally, New York State Common Retirement Fund boosted its stake in shares of Northern Oil and Gas by 41.4% in the third quarter. New York State Common Retirement Fund now owns 940,987 shares of the company’s stock worth $33,320,000 after buying an additional 275,704 shares during the last quarter. Hedge funds and other institutional investors own 98.80% of the company’s stock.

Insiders Place Their Bets

In other Northern Oil and Gas news, President Adam A. Dirlam sold 836 shares of Northern Oil and Gas stock in a transaction dated Monday, January 6th. The stock was 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 in the company, valued at $3,752,697. The trade was a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 1,836 shares of company stock worth $72,869 in the last three months. Corporate insiders own 2.80% of the company’s stock.

Northern Oil and Gas Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, March 28th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.84%. This is a boost from Northern Oil and Gas’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, March 28th. Northern Oil and Gas’s payout ratio is 20.17%.

About Northern Oil and Gas

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.