Capital One Financial Has Optimistic View of NOG Q1 Earnings

Northern Oil and Gas, Inc. (NYSE:NOG) – Research analysts at Capital One Financial increased their Q1 2025 EPS estimates for Northern Oil and Gas in a report issued on Wednesday, January 29th. Capital One Financial analyst P. Johnston now anticipates that the company will earn $1.26 per share for the quarter, up from their prior estimate 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.

Northern Oil and Gas (NYSE:NOG) last issued its earnings results on Tuesday, November 5th. The company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.20. The firm 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% on a year-over-year basis. During the same quarter last year, the business posted $1.73 earnings per share.

Other 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 on the stock. in a research note on Monday, December 16th. Jefferies Financial Group began coverage on shares of Northern Oil and Gas in a research report on Thursday, October 3rd. They set a “buy” rating and a $53.00 target price on the stock. Truist Financial upped their price target on shares of Northern Oil and Gas from $52.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Royal Bank of Canada reiterated a “sector perform” rating and set a $45.00 price target on shares of Northern Oil and Gas in a report on Friday, January 10th. Finally, Piper Sandler decreased their price objective on Northern Oil and Gas from $37.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Northern Oil and Gas has a consensus rating of “Hold” and a consensus target price of $47.56.

Northern Oil and Gas Trading Up 0.9 %

NYSE NOG opened at $37.78 on Thursday. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 4.54 and a beta of 1.85. Northern Oil and Gas has a twelve month low of $31.13 and a twelve month high of $44.31. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.84. The business’s fifty day moving average is $39.80 and its 200 day moving average is $38.83.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. abrdn plc bought a new stake in Northern Oil and Gas in the third quarter valued at $17,096,000. Bridgewater Associates LP grew its stake in shares of Northern Oil and Gas by 135.6% in the 3rd quarter. Bridgewater Associates LP now owns 511,170 shares of the company’s stock valued at $18,101,000 after buying an additional 294,223 shares during the period. New York State Common Retirement Fund raised its stake in Northern Oil and Gas by 41.4% during the 3rd 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 period. Jennison Associates LLC boosted its holdings in Northern Oil and Gas by 58.6% in the third quarter. Jennison Associates LLC now owns 521,115 shares of the company’s stock worth $18,453,000 after acquiring an additional 192,539 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Northern Oil and Gas by 11.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 985,643 shares of the company’s stock valued at $34,902,000 after acquiring an additional 103,314 shares during the period. Institutional investors and hedge funds own 98.80% of the company’s stock.

Insider Transactions at Northern Oil and Gas

In other Northern Oil and Gas news, President Adam A. Dirlam sold 836 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $39.00, for a total transaction of $32,604.00. Following the transaction, the president now directly owns 96,223 shares in the company, valued at approximately $3,752,697. This represents a 0.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, 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 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 issued a dividend of $0.45 per share. This is an increase from Northern Oil and Gas’s previous quarterly dividend of $0.42. This represents a $1.80 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date is Friday, March 28th. Northern Oil and Gas’s dividend payout ratio (DPR) is presently 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.