Northern Oil and Gas (NYSE:NOG) Research Coverage Started at William Blair

William Blair started coverage on shares of Northern Oil and Gas (NYSE:NOG) in a research report sent to investors on Monday morning, MarketBeat reports. The brokerage issued an outperform rating on the stock. William Blair also issued estimates for Northern Oil and Gas’ Q3 2025 earnings at $0.91 EPS, Q4 2025 earnings at $0.93 EPS, FY2025 earnings at $4.54 EPS, FY2026 earnings at $3.51 EPS, FY2027 earnings at $4.65 EPS, FY2028 earnings at $5.26 EPS and FY2029 earnings at $5.33 EPS.

Several other brokerages also recently weighed in on NOG. Morgan Stanley downgraded shares of Northern Oil and Gas from a “positive” rating to an “underweight” rating and reduced their price target for the company from $29.00 to $27.00 in a research report on Monday, August 18th. Citigroup raised their price target on shares of Northern Oil and Gas from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Piper Sandler reissued a “neutral” rating and set a $25.00 price target (down previously from $31.00) on shares of Northern Oil and Gas in a research report on Monday, August 4th. Bank of America raised their price target on shares of Northern Oil and Gas from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, May 23rd. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of Northern Oil and Gas in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $36.89.

Northern Oil and Gas Price Performance

Shares of NYSE NOG opened at $25.81 on Monday. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 4.26 and a beta of 1.55. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.21 and a current ratio of 1.21. The company has a 50 day simple moving average of $27.40 and a two-hundred day simple moving average of $27.98. Northern Oil and Gas has a fifty-two week low of $19.88 and a fifty-two week high of $44.31.

Northern Oil and Gas (NYSE:NOG) last announced its quarterly earnings results on Thursday, July 31st. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.50. The company had revenue of $706.81 million during the quarter, compared to the consensus estimate of $555.54 million. Northern Oil and Gas had a net margin of 23.62% and a return on equity of 22.12%. The firm’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.46 earnings per share. Analysts expect that Northern Oil and Gas will post 5.18 EPS for the current fiscal year.

Northern Oil and Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 29th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Monday, September 29th. Northern Oil and Gas’s dividend payout ratio (DPR) is currently 29.70%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NOG. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Northern Oil and Gas by 133.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 954 shares of the company’s stock valued at $27,000 after buying an additional 545 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Northern Oil and Gas by 200.3% in the 2nd quarter. UMB Bank n.a. now owns 955 shares of the company’s stock worth $27,000 after buying an additional 637 shares during the last quarter. Pinnacle Holdings LLC bought a new position in Northern Oil and Gas during the 1st quarter valued at about $28,000. Laurel Wealth Advisors LLC grew its holdings in Northern Oil and Gas by 2,736.1% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,021 shares of the company’s stock valued at $29,000 after purchasing an additional 985 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in Northern Oil and Gas by 60.0% during the 1st quarter. Signaturefd LLC now owns 1,080 shares of the company’s stock valued at $33,000 after purchasing an additional 405 shares during the last quarter. 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.