Zacks Research Has Optimistic Outlook of NOG Q2 Earnings

Northern Oil and Gas, Inc. (NYSE:NOG) – Research analysts at Zacks Research increased their Q2 2026 earnings estimates for shares of Northern Oil and Gas in a report released on Friday, July 24th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $0.77 for the quarter, up from their prior estimate of $0.69. The consensus estimate for Northern Oil and Gas’ current full-year earnings is $3.50 per share. Zacks Research also issued estimates for Northern Oil and Gas’ Q3 2026 earnings at $0.77 EPS, Q4 2026 earnings at $0.84 EPS, Q1 2027 earnings at $0.93 EPS, Q4 2027 earnings at $0.80 EPS, FY2027 earnings at $3.22 EPS and Q2 2028 earnings at $0.84 EPS.

A number of other brokerages have also recently commented on NOG. Citigroup reduced their price objective on Northern Oil and Gas from $36.00 to $28.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Johnson Rice lowered Northern Oil and Gas from an “accumulate” rating to a “hold” rating and set a $36.00 target price for the company. in a research note on Wednesday, May 20th. Wall Street Zen downgraded Northern Oil and Gas from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Weiss Ratings lowered Northern Oil and Gas from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada upped their price target on Northern Oil and Gas from $30.00 to $35.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 8th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Northern Oil and Gas presently has an average rating of “Hold” and an average target price of $30.62.

Northern Oil and Gas Stock Down 1.9%

Shares of NYSE NOG opened at $19.88 on Monday. The stock has a fifty day moving average price of $20.49 and a 200 day moving average price of $24.14. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.43. Northern Oil and Gas has a 12-month low of $17.18 and a 12-month high of $31.17. The company has a market cap of $2.16 billion, a P/E ratio of -3.12 and a beta of 0.69.

Northern Oil and Gas (NYSE:NOG) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. Northern Oil and Gas had a negative net margin of 33.17% and a positive return on equity of 18.43%. The firm had revenue of $5.03 million during the quarter, compared to analysts’ expectations of $511.38 million. During the same period in the prior year, the company earned $1.33 EPS. The firm’s revenue was down 6.2% on a year-over-year basis.

Institutional Trading of Northern Oil and Gas

A number of hedge funds and other institutional investors have recently modified their holdings of NOG. Ascentis Independent Advisors purchased a new position in Northern Oil and Gas in the first quarter valued at about $33,000. Jones Financial Companies Lllp raised its position in shares of Northern Oil and Gas by 181.0% in 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. Global Retirement Partners LLC boosted its stake in shares of Northern Oil and Gas by 572.8% during the 4th quarter. Global Retirement Partners LLC now owns 1,682 shares of the company’s stock valued at $36,000 after buying an additional 1,432 shares during the last quarter. Plato Investment Management Ltd purchased a new position in shares of Northern Oil and Gas during the 4th quarter valued at approximately $43,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Northern Oil and Gas by 429.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,514 shares of the company’s stock worth $43,000 after buying an additional 1,228 shares in the last quarter. 98.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Northern Oil and Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, June 29th will be issued a $0.45 dividend. The ex-dividend date is Monday, June 29th. This represents a $1.80 dividend on an annualized basis and a yield of 9.1%. Northern Oil and Gas’s payout ratio is currently -28.26%.

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.