Roth Capital Has Bearish Estimate for NOG Q2 Earnings

Northern Oil and Gas, Inc. (NYSE:NOG) – Analysts at Roth Capital lowered their Q2 2025 earnings estimates for Northern Oil and Gas in a research report issued to clients and investors on Monday, March 31st. Roth Capital analyst J. White now expects that the company will earn $0.89 per share for the quarter, down from their previous forecast of $0.92. 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’ Q3 2025 earnings at $1.00 EPS and FY2025 earnings at $4.25 EPS.

A number of other analysts have also recently weighed in on NOG. Mizuho cut shares of Northern Oil and Gas from an “outperform” rating to a “neutral” rating and set a $47.00 price objective for the company. in a research note on Monday, December 16th. 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 report on Wednesday, January 29th. Morgan Stanley decreased their price target on shares of Northern Oil and Gas from $43.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, March 27th. Truist Financial lifted 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. Finally, Citigroup decreased their target price on Northern Oil and Gas from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $45.44.

Northern Oil and Gas Stock Down 15.0 %

Shares of Northern Oil and Gas stock opened at $26.01 on Wednesday. Northern Oil and Gas has a 12-month low of $25.95 and a 12-month high of $44.31. The company has a quick ratio of 1.23, a current ratio of 0.92 and a debt-to-equity ratio of 1.02. The stock has a 50 day moving average price of $32.34 and a two-hundred day moving average price of $36.68. The stock has a market capitalization of $2.58 billion, a P/E ratio of 5.06 and a beta of 1.84.

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). Northern Oil and Gas had a return on equity of 24.41% and a net margin of 23.38%. The company had revenue of $545.47 million for the quarter, compared to the consensus estimate of $552.34 million.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NOG. Insight Wealth Strategies LLC grew its stake in shares of Northern Oil and Gas by 94.5% in the 1st quarter. Insight Wealth Strategies LLC now owns 55,530 shares of the company’s stock valued at $1,679,000 after purchasing an additional 26,980 shares during the period. California State Teachers Retirement System grew its position in Northern Oil and Gas by 3.1% in the fourth quarter. California State Teachers Retirement System now owns 89,279 shares of the company’s stock valued at $3,318,000 after acquiring an additional 2,643 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Northern Oil and Gas by 13.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,956 shares of the company’s stock worth $370,000 after acquiring an additional 1,201 shares in the last quarter. GF Fund Management CO. LTD. bought a new position in shares of Northern Oil and Gas during the fourth quarter valued at $1,128,000. Finally, GTS Securities LLC boosted its stake in shares of Northern Oil and Gas by 238.2% in the 4th quarter. GTS Securities LLC now owns 22,318 shares of the company’s stock valued at $829,000 after purchasing an additional 15,718 shares in the last quarter. Institutional investors and hedge funds own 98.80% of the company’s stock.

Insiders Place Their Bets

In related news, 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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Nicholas L. O’grady bought 1,000 shares of Northern Oil and Gas stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average cost of $27.48 per share, with a total value of $27,480.00. Following the completion of the transaction, the chief executive officer now owns 226,189 shares of the company’s stock, valued at $6,215,673.72. This trade represents a 0.44 % 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.

Northern Oil and Gas announced that its Board of Directors has initiated a share repurchase program on Tuesday, March 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to buy up to 3.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Northern Oil and Gas Increases Dividend

The company 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 $0.45 dividend. This is a boost from Northern Oil and Gas’s previous quarterly dividend of $0.42. The ex-dividend date is Friday, March 28th. This represents a $1.80 annualized dividend and a yield of 6.92%. Northern Oil and Gas’s dividend payout ratio is 35.02%.

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.