Northern Oil and Gas (NYSE:NOG) Posts Quarterly Earnings Results

Northern Oil and Gas (NYSE:NOG) issued its earnings results on Thursday. The company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.05), FiscalAI reports. The business had revenue of $745.24 million for the quarter, compared to the consensus estimate of $594.09 million. Northern Oil and Gas had a negative net margin of 25.35% and a positive return on equity of 18.57%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.37 EPS.

Northern Oil and Gas Price Performance

Shares of NOG opened at $21.52 on Friday. The stock has a 50 day simple moving average of $20.15 and a 200 day simple moving average of $24.04. Northern Oil and Gas has a 52-week low of $17.18 and a 52-week high of $31.17. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a market capitalization of $2.34 billion, a PE ratio of -4.15 and a beta of 0.70.

Northern Oil and Gas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, September 29th will be given a $0.45 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $1.80 annualized dividend and a dividend yield of 8.4%. Northern Oil and Gas’s payout ratio is currently -28.26%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on NOG shares. Wall Street Zen cut Northern Oil and Gas from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Citigroup dropped their price objective on Northern Oil and Gas from $36.00 to $28.00 and set a “buy” rating for the company in a report on Monday, July 20th. Raymond James Financial reissued an “outperform” rating and issued a $28.00 target price on shares of Northern Oil and Gas in a research note on Wednesday, July 15th. Morgan Stanley set a $25.00 target price on Northern Oil and Gas and gave the stock an “underweight” rating in a report on Monday, June 29th. Finally, Mizuho upgraded Northern Oil and Gas to a “hold” rating in a research report on Friday, July 31st. Four 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. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $30.62.

Insider Buying and Selling

In related news, Director Bahram Akradi bought 25,760 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were purchased at an average cost of $19.40 per share, for a total transaction of $499,744.00. Following the acquisition, the director owned 1,713,444 shares of the company’s stock, valued at approximately $33,240,813.60. This represents a 1.53% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Northern Oil and Gas

Several large investors have recently made changes to their positions in NOG. Bridgeway Capital Management LLC bought a new position in Northern Oil and Gas in the third quarter valued at $11,295,000. AQR Capital Management LLC lifted its position in Northern Oil and Gas by 568.7% during the 2nd quarter. AQR Capital Management LLC now owns 272,719 shares of the company’s stock worth $7,732,000 after buying an additional 231,938 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in Northern Oil and Gas during the 4th quarter worth about $4,792,000. Barclays PLC boosted its stake in shares of Northern Oil and Gas by 43.0% during the 3rd quarter. Barclays PLC now owns 679,524 shares of the company’s stock worth $16,852,000 after buying an additional 204,358 shares during the last quarter. Finally, Stansberry Asset Management LLC bought a new position in shares of Northern Oil and Gas in the 4th quarter valued at about $4,372,000. Institutional investors own 98.80% of the company’s stock.

More Northern Oil and Gas News

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

• Positive Sentiment: Revenue materially exceeded expectations: NOG reported second-quarter revenue of approximately $745.2 million, up 5.4% from the prior year and well above the roughly $594.1 million analyst estimate. The sales outperformance appears to be the primary support for the stock. NOG Announces Second Quarter 2026 Results
• Positive Sentiment: EPS beat at least one widely followed estimate: Adjusted earnings were reported at $1.13 per share, above Zacks’ consensus estimate of $1.02. That earnings beat, combined with the revenue outperformance, likely helped improve investor sentiment. Northern Oil and Gas Q2 Earnings and Revenues Surpass Estimates
• Neutral Sentiment: Management commentary is now a key focus: The company’s Q2 earnings-call transcript and presentation provide additional context on operating performance, commodity-market conditions, capital allocation and its outlook. Investors will look for any changes to expectations for production, cash flow and leverage. NOG Q2 2026 Earnings Call Transcript
• Negative Sentiment: Profitability was weaker than last year: EPS of $1.13 declined from $1.37 in the year-earlier quarter. One analyst consensus measured by MarketBeat was $1.17, meaning NOG missed that estimate by $0.04, while its reported net margin remained negative at 33.17%. Northern Oil and Gas Earnings Results

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.