Zacks Research Has Bearish Estimate for NOG FY2026 Earnings

Northern Oil and Gas, Inc. (NYSE:NOG) – Equities researchers at Zacks Research decreased their FY2026 earnings per share (EPS) estimates for shares of Northern Oil and Gas in a report released on Wednesday, January 14th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $2.74 for the year, down from their previous estimate of $2.75. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $5.18 per share. Zacks Research also issued estimates for Northern Oil and Gas’ Q4 2026 earnings at $0.73 EPS.

Northern Oil and Gas (NYSE:NOG) last posted its earnings results on Thursday, November 6th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.21. The firm had revenue of $556.64 million during the quarter, compared to the consensus estimate of $528.36 million. Northern Oil and Gas had a net margin of 7.61% and a return on equity of 20.61%. The company’s revenue was down 26.1% on a year-over-year basis. During the same quarter last year, the company earned $1.40 earnings per share.

A number of other research firms have also commented on NOG. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Northern Oil and Gas in a report on Wednesday, October 8th. Mizuho raised their target price on Northern Oil and Gas from $28.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Citigroup decreased their price target on Northern Oil and Gas from $32.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, October 20th. Finally, Morgan Stanley restated an “underweight” rating and issued a $26.00 price objective (down from $27.00) on shares of Northern Oil and Gas in a research report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $30.14.

Northern Oil and Gas Stock Down 1.7%

Northern Oil and Gas stock opened at $22.55 on Friday. The firm has a 50 day simple moving average of $22.24 and a 200 day simple moving average of $24.30. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.05. Northern Oil and Gas has a 1-year low of $19.88 and a 1-year high of $42.35. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 12.74 and a beta of 0.98.

Institutional Trading of Northern Oil and Gas

Several institutional investors and hedge funds have recently made changes to their positions in the stock. DLD Asset Management LP grew its position in Northern Oil and Gas by 42.9% in the second quarter. DLD Asset Management LP now owns 25,000,000 shares of the company’s stock worth $708,750,000 after acquiring an additional 7,500,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Northern Oil and Gas by 5.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,941,662 shares of the company’s stock worth $122,563,000 after purchasing an additional 235,869 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Northern Oil and Gas by 25.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,951,505 shares of the company’s stock valued at $56,867,000 after purchasing an additional 397,128 shares during the last quarter. Westfield Capital Management Co. LP raised its holdings in shares of Northern Oil and Gas by 9.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,899,017 shares of the company’s stock valued at $47,096,000 after buying an additional 158,713 shares in the last quarter. Finally, Channing Capital Management LLC lifted its position in Northern Oil and Gas by 15.7% in the 3rd quarter. Channing Capital Management LLC now owns 1,702,177 shares of the company’s stock worth $42,214,000 after buying an additional 230,899 shares during the last quarter. Hedge funds and other institutional investors own 98.80% of the company’s stock.

Northern Oil and Gas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Tuesday, December 30th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend is Tuesday, December 30th. Northern Oil and Gas’s dividend payout ratio (DPR) is currently 101.69%.

Northern Oil and Gas Company Profile

Northern Oil and Gas, Inc is a publicly traded independent energy company focused on the acquisition, exploration and development of oil and natural gas resources in the United States. The company’s primary operations are concentrated in the Williston Basin, where it secures acreage positions and partners with drilling operators to advance upstream projects. Through strategic leasehold acquisitions and joint ventures, Northern Oil and Gas seeks to expand its footprint in both conventional and unconventional reservoirs.

Northern Oil and Gas employs horizontal drilling and hydraulic fracturing technologies to develop unconventional resource plays, particularly in the Bakken, Three Forks and Red River formations of North Dakota and Montana.