Capital One Financial Has Positive View of NOG Q1 Earnings

Northern Oil and Gas, Inc. (NYSE:NOG) – Capital One Financial upped their Q1 2025 earnings per share (EPS) estimates for shares of Northern Oil and Gas in a research report issued on Wednesday, March 5th. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings per share of $1.17 for the quarter, up from their previous forecast of $1.13. Capital One Financial has a “Equal Weight” rating on the stock. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $5.18 per share. Capital One Financial also issued estimates for Northern Oil and Gas’ Q2 2025 earnings at $1.13 EPS, Q3 2025 earnings at $1.14 EPS, Q4 2025 earnings at $1.21 EPS, FY2025 earnings at $4.64 EPS and FY2026 earnings at $4.36 EPS.

NOG has been the subject of a number of other reports. Royal Bank of Canada dropped their price objective on shares of Northern Oil and Gas from $45.00 to $40.00 and set a “sector perform” rating for the company in a research note on Thursday, February 13th. Citigroup dropped their price target on Northern Oil and Gas from $55.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, February 25th. Morgan Stanley set a $43.00 price target on Northern Oil and Gas in a report on Wednesday, January 22nd. Truist Financial increased their price objective on Northern Oil and Gas from $52.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Finally, Piper Sandler cut their target price on shares of Northern Oil and Gas from $37.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Northern Oil and Gas has an average rating of “Hold” and a consensus target price of $46.89.

Northern Oil and Gas Stock Performance

NYSE:NOG opened at $27.53 on Monday. Northern Oil and Gas has a twelve month low of $26.59 and a twelve month high of $44.31. The company has a market capitalization of $2.73 billion, a P/E ratio of 5.36 and a beta of 1.84. The company has a current ratio of 0.92, a quick ratio of 1.23 and a debt-to-equity ratio of 1.02. The firm has a 50-day moving average price of $36.12 and a two-hundred day moving average price of $37.69.

Northern Oil and Gas (NYSE:NOG) last released its quarterly earnings results on Wednesday, February 19th. The company reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.16). The firm had revenue of $545.47 million for the quarter, compared to analyst estimates of $552.34 million. Northern Oil and Gas had a return on equity of 24.41% and a net margin of 23.38%.

Northern Oil and Gas Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, March 28th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.54%. This is a positive change 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 dividend payout ratio (DPR) is presently 35.02%.

Insider Buying and Selling at Northern Oil and Gas

In related news, Director Bahram Akradi purchased 40,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were bought at an average price of $28.03 per share, for a total transaction of $1,121,200.00. Following the acquisition, the director now directly owns 1,662,016 shares in the company, valued at $46,586,308.48. This trade represents a 2.47 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, President Adam A. Dirlam sold 836 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $39.00, for a total value of $32,604.00. Following the sale, the president now owns 96,223 shares of the company’s stock, valued at approximately $3,752,697. The trade was a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Northern Oil and Gas

A number of large investors have recently modified their holdings of NOG. Legacy Investment Solutions LLC purchased a new position in Northern Oil and Gas in the third quarter valued at approximately $25,000. Headlands Technologies LLC acquired a new stake in shares of Northern Oil and Gas in the fourth quarter worth $29,000. Blue Trust Inc. increased its position in shares of Northern Oil and Gas by 177.2% in the fourth quarter. Blue Trust Inc. now owns 1,253 shares of the company’s stock worth $44,000 after acquiring an additional 801 shares in the last quarter. Avior Wealth Management LLC raised its stake in shares of Northern Oil and Gas by 23.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,372 shares of the company’s stock valued at $51,000 after acquiring an additional 259 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Northern Oil and Gas during the 4th quarter valued at $66,000. 98.80% of the stock is currently owned by hedge funds and other institutional investors.

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.