Zacks Research Issues Pessimistic Outlook for NOG Earnings

Northern Oil and Gas, Inc. (NYSE:NOG) – Equities researchers at Zacks Research reduced their FY2026 earnings per share (EPS) estimates for shares of Northern Oil and Gas in a research note issued on Monday, July 6th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $3.04 for the year, down from their previous estimate of $3.07. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $3.33 per share. Zacks Research also issued estimates for Northern Oil and Gas’ Q4 2026 earnings at $0.87 EPS, Q1 2027 earnings at $1.01 EPS, Q2 2027 earnings at $0.79 EPS, Q3 2027 earnings at $0.69 EPS, Q4 2027 earnings at $0.82 EPS, FY2027 earnings at $3.32 EPS, Q1 2028 earnings at $0.92 EPS and FY2028 earnings at $3.27 EPS.

Northern Oil and Gas (NYSE:NOG) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. Northern Oil and Gas had a positive return on equity of 18.43% and a negative net margin of 33.17%.The company had revenue of $5.03 million during the quarter, compared to analyst estimates of $511.38 million. During the same period in the prior year, the company earned $1.33 earnings per share. The firm’s revenue was down 6.2% on a year-over-year basis.

A number of other equities research analysts also recently issued reports on the company. Piper Sandler upped their price objective on Northern Oil and Gas from $27.00 to $32.00 and gave the company a “neutral” rating in a research report on Thursday, March 12th. Royal Bank Of Canada boosted their target price on Northern Oil and Gas from $30.00 to $35.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 8th. Citigroup lowered their price target on Northern Oil and Gas from $39.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Johnson Rice lowered shares of Northern Oil and Gas from an “accumulate” rating to a “hold” rating and set a $36.00 price objective for the company. in a research note on Wednesday, May 20th. Finally, Wall Street Zen cut shares of Northern Oil and Gas from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Northern Oil and Gas presently has a consensus rating of “Hold” and an average price target of $31.88.

Northern Oil and Gas Stock Up 6.6%

Shares of NYSE:NOG opened at $18.51 on Wednesday. The company has a market cap of $2.01 billion, a price-to-earnings ratio of -2.91 and a beta of 0.69. Northern Oil and Gas has a 12 month low of $17.18 and a 12 month high of $31.28. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.43. The company has a 50-day moving average price of $21.87 and a 200 day moving average price of $24.24.

Northern Oil and Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, June 29th will be issued a dividend of $0.45 per share. The ex-dividend date is Monday, June 29th. This represents a $1.80 dividend on an annualized basis and a yield of 9.7%. Northern Oil and Gas’s dividend payout ratio (DPR) is presently -28.26%.

Insider Transactions at Northern Oil and Gas

In related news, Director Bahram Akradi acquired 25,760 shares of the stock in a transaction on Monday, June 22nd. The stock was bought at an average cost of $19.40 per share, with a total value of $499,744.00. Following the transaction, the director directly owned 1,713,444 shares in the company, valued at approximately $33,240,813.60. This represents a 1.53% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.80% of the stock is currently owned by company insiders.

Institutional Trading of Northern Oil and Gas

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Northern Oil and Gas by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 10,873,455 shares of the company’s stock worth $233,453,000 after purchasing an additional 141,499 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Northern Oil and Gas by 5.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,941,662 shares of the company’s stock valued at $122,563,000 after purchasing an additional 235,869 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Northern Oil and Gas by 7.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,450,294 shares of the company’s stock worth $31,138,000 after buying an additional 105,876 shares during the period. Bank of America Corp DE grew its position in shares of Northern Oil and Gas by 18.5% during the 1st quarter. Bank of America Corp DE now owns 1,245,639 shares of the company’s stock worth $36,410,000 after buying an additional 194,861 shares in the last quarter. Finally, Deprince Race & Zollo Inc. purchased a new position in shares of Northern Oil and Gas during the fourth quarter valued at $25,492,000. Institutional investors own 98.80% of the company’s stock.

Trending Headlines about Northern Oil and Gas

Here are the key news stories impacting Northern Oil and Gas this week:

• Positive Sentiment: Zacks Research slightly raised its Q2 2026 EPS estimate to $0.69 from $0.68, suggesting a bit more confidence in near-term profitability for Northern Oil and Gas (NOG).
• Neutral Sentiment: Despite the revisions, Zacks’ updated forecasts still sit close to the current consensus full-year EPS estimate of $3.33, limiting the size of the overall surprise for investors.
• Negative Sentiment: Zacks Research trimmed FY2026 EPS to $3.04 from $3.07, signaling slightly weaker expected profitability for NOG over the next year.
• Negative Sentiment: The firm also cut Q4 2026, Q1 2027, Q2 2027, and Q3 2027 EPS estimates, indicating a softer earnings trajectory across the next several quarters.
• Negative Sentiment: Longer-term forecasts were lowered as well, including FY2027 EPS to $3.32 from $3.49 and FY2028 EPS to $3.27 from $3.35, which may add to pressure on the stock. Northern Oil and Gas stock page

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.