Roth Capital Analysts Decrease Earnings Estimates for NOG

Northern Oil and Gas, Inc. (NYSE:NOG) – Equities researchers at Roth Capital cut their Q1 2025 earnings per share (EPS) estimates for Northern Oil and Gas in a report issued on Monday, March 31st. Roth Capital analyst J. White now forecasts that the company will post earnings per share of $1.16 for the quarter, down from their previous forecast of $1.19. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $5.18 per share. Roth Capital also issued estimates for Northern Oil and Gas’ Q4 2025 earnings at $1.20 EPS.

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

NOG has been the topic of a number of other research reports. Royal Bank of Canada lowered their target price on Northern Oil and Gas from $45.00 to $40.00 and set a “sector perform” rating on the stock in a report on Thursday, February 13th. Citigroup dropped their price objective on shares of Northern Oil and Gas from $55.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, February 25th. Piper Sandler reduced 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 report on Wednesday, January 29th. Mizuho cut shares of 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. Finally, Truist Financial upped their price objective on Northern Oil and Gas from $52.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $45.44.

Northern Oil and Gas Price Performance

NYSE NOG opened at $23.35 on Thursday. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 4.54 and a beta of 1.84. Northern Oil and Gas has a 1-year low of $22.50 and a 1-year high of $44.31. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.92 and a quick ratio of 1.23. The business’s fifty day moving average price is $32.05 and its 200-day moving average price is $36.60.

Northern Oil and Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, March 28th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.71%. This is an increase 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 presently 35.02%.

Northern Oil and Gas declared that its Board of Directors has approved a share buyback plan on Tuesday, March 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy up to 3.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Transactions at Northern Oil and Gas

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

Hedge Funds Weigh In On Northern Oil and Gas

Institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of Northern Oil and Gas during the 4th quarter valued at approximately $21,691,000. Channing Capital Management LLC lifted its position in Northern Oil and Gas by 26.8% during the fourth quarter. Channing Capital Management LLC now owns 1,766,623 shares of the company’s stock valued at $65,648,000 after purchasing an additional 373,917 shares during the last quarter. American Century Companies Inc. lifted its position in Northern Oil and Gas by 3.9% during the fourth quarter. American Century Companies Inc. now owns 6,537,596 shares of the company’s stock valued at $242,937,000 after purchasing an additional 243,531 shares during the last quarter. Natixis purchased a new position in shares of Northern Oil and Gas in the 4th quarter worth $7,503,000. Finally, Ninepoint Partners LP bought a new stake in shares of Northern Oil and Gas in the 4th quarter worth about $7,432,000. Hedge funds and other institutional investors own 98.80% of the company’s stock.

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.