Roth Capital Has Pessimistic Outlook of NOG Q2 Earnings

Northern Oil and Gas, Inc. (NYSE:NOG) – Research analysts at Roth Capital cut their Q2 2025 earnings per share (EPS) estimates for Northern Oil and Gas in a research note issued on Monday, March 31st. Roth Capital analyst J. White now expects that the company will post earnings of $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.

Several other brokerages have also recently issued reports on NOG. Mizuho cut Northern Oil and Gas from an “outperform” rating to a “neutral” rating and set a $47.00 price target on the stock. in a research report on Monday, December 16th. Capital One Financial lowered Northern Oil and Gas from an “overweight” rating to an “equal weight” rating in a report on Friday, February 21st. Morgan Stanley decreased their price target on 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. Royal Bank of Canada dropped their price objective on shares of Northern Oil and Gas from $45.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 13th. Finally, Bank of America reduced their target price on shares of Northern Oil and Gas from $48.00 to $41.00 and set a “buy” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $45.44.

Northern Oil and Gas Price Performance

Shares of NYSE:NOG opened at $29.82 on Wednesday. Northern Oil and Gas has a one year low of $26.60 and a one year high of $44.31. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 5.80 and a beta of 1.84. The company has a 50-day simple moving average of $32.79 and a 200-day simple moving average of $36.79. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.23 and a current ratio of 0.92.

Northern Oil and Gas (NYSE:NOG) last announced its earnings results on Wednesday, February 19th. The company reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.16). The business had revenue of $545.47 million during the quarter, compared to analyst estimates of $552.34 million. Northern Oil and Gas had a net margin of 23.38% and a return on equity of 24.41%.

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

Northern Oil and Gas Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, March 28th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $1.80 dividend on an annualized basis and a yield of 6.04%. This is an increase from Northern Oil and Gas’s previous quarterly dividend of $0.42. Northern Oil and Gas’s payout ratio is currently 35.02%.

Insiders Place Their Bets

In other news, CEO Nicholas L. O’grady bought 1,000 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were bought at an average cost of $27.48 per share, for a total transaction of $27,480.00. Following the completion of the transaction, the chief executive officer now owns 226,189 shares in the company, valued at $6,215,673.72. This trade represents a 0.44 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bahram Akradi bought 40,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was purchased at an average cost of $28.03 per share, for a total transaction of $1,121,200.00. Following the acquisition, the director now directly owns 1,662,016 shares of the company’s stock, valued at $46,586,308.48. The trade was a 2.47 % increase in their position. The disclosure for this purchase can be found here. 2.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Northern Oil and Gas

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NOG. Legacy Investment Solutions LLC purchased a new position in shares of Northern Oil and Gas during the 3rd quarter worth approximately $25,000. Headlands Technologies LLC acquired a new stake in Northern Oil and Gas during the 4th quarter valued at $29,000. Blue Trust Inc. increased its position in Northern Oil and Gas by 177.2% during the fourth quarter. Blue Trust Inc. now owns 1,253 shares of the company’s stock worth $44,000 after buying an additional 801 shares in the last quarter. Avior Wealth Management LLC raised its holdings in shares of Northern Oil and Gas by 23.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,372 shares of the company’s stock worth $51,000 after acquiring an additional 259 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Northern Oil and Gas in the fourth quarter valued at $66,000. Institutional investors and hedge funds own 98.80% of the company’s stock.

Northern Oil and Gas Company Profile

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.