What is Zacks Research’s Estimate for NOG FY2026 Earnings?

Northern Oil and Gas, Inc. (NYSE:NOG) – Investment analysts at Zacks Research reduced their FY2026 earnings estimates for Northern Oil and Gas in a research report issued to clients and investors on Wednesday, June 4th. Zacks Research analyst N. Choudhury now expects that the company will earn $3.57 per share for the year, down from their prior estimate of $4.03. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $5.18 per share. Zacks Research also issued estimates for Northern Oil and Gas’ FY2027 earnings at $4.11 EPS.

A number of other research firms have also recently weighed in on NOG. Morgan Stanley dropped their price objective on shares of Northern Oil and Gas from $43.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, March 27th. Piper Sandler dropped their price objective on shares of Northern Oil and Gas from $34.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. Capital One Financial cut shares of Northern Oil and Gas from an “overweight” rating to an “equal weight” rating in a report on Friday, February 21st. Raymond James reiterated a “strong-buy” rating on shares of Northern Oil and Gas in a research report on Tuesday, May 13th. Finally, Citigroup decreased their target price on shares of Northern Oil and Gas from $55.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Northern Oil and Gas presently has an average rating of “Hold” and an average price target of $39.67.

Northern Oil and Gas Stock Up 2.8%

NOG stock opened at $30.65 on Monday. The company has a quick ratio of 1.23, a current ratio of 0.92 and a debt-to-equity ratio of 1.02. Northern Oil and Gas has a fifty-two week low of $19.88 and a fifty-two week high of $44.31. The firm’s 50-day simple moving average is $25.68 and its 200 day simple moving average is $32.30. The stock has a market cap of $3.03 billion, a PE ratio of 5.96 and a beta of 1.51.

Northern Oil and Gas (NYSE:NOG) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.21. Northern Oil and Gas had a net margin of 23.38% and a return on equity of 24.41%. The business had revenue of $602.10 million for the quarter, compared to analysts’ expectations of $568.87 million. During the same quarter last year, the company earned $1.28 EPS. The company’s revenue for the quarter was up 51.9% compared to the same quarter last year.

Northern Oil and Gas declared that its board has authorized a stock buyback plan on Tuesday, March 11th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to buy up to 3.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Northern Oil and Gas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, June 27th will be given a $0.45 dividend. The ex-dividend date is Friday, June 27th. This represents a $1.80 dividend on an annualized basis and a yield of 5.87%. Northern Oil and Gas’s dividend payout ratio is presently 28.04%.

Hedge Funds Weigh In On Northern Oil and Gas

A number of institutional investors and hedge funds have recently bought and sold shares of NOG. Headlands Technologies LLC bought a new position in shares of Northern Oil and Gas during the 4th quarter valued at about $29,000. Pinnacle Holdings LLC bought a new position in shares of Northern Oil and Gas during the 1st quarter valued at about $28,000. Signaturefd LLC boosted its position in shares of 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 in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Northern Oil and Gas by 181.0% during the 1st quarter. Jones Financial Companies Lllp now owns 1,107 shares of the company’s stock valued at $33,000 after purchasing an additional 713 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Northern Oil and Gas by 177.2% during the 4th quarter. Blue Trust Inc. now owns 1,253 shares of the company’s stock valued at $44,000 after purchasing an additional 801 shares in the last quarter. 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.