Roth Capital Has Pessimistic Outlook of NOG Q1 Earnings

Northern Oil and Gas, Inc. (NYSE:NOG) – Analysts at Roth Capital reduced their Q1 2025 earnings estimates for Northern Oil and Gas in a research note issued to investors on Monday, March 31st. Roth Capital analyst J. White now forecasts that the company will post earnings of $1.16 per share for the quarter, down from their previous estimate of $1.19. 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’ Q4 2025 earnings at $1.20 EPS.

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

Several other research firms have also commented on NOG. Mizuho lowered shares of Northern Oil and Gas from an “outperform” rating to a “neutral” rating and set a $47.00 price target for the company. in a report on Monday, December 16th. Piper Sandler lowered their target price on Northern Oil and Gas from $37.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Bank of America cut their price target on Northern Oil and Gas from $48.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday. Capital One Financial downgraded Northern Oil and Gas from an “overweight” rating to an “equal weight” rating in a research report on Friday, February 21st. Finally, Royal Bank of Canada cut their target price on 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Northern Oil and Gas has a consensus rating of “Hold” and a consensus target price of $45.44.

Northern Oil and Gas Stock Up 2.8 %

NYSE:NOG opened at $30.72 on Thursday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.92 and a quick ratio of 1.23. Northern Oil and Gas has a 1-year low of $26.60 and a 1-year high of $44.31. The company has a 50-day moving average of $32.61 and a 200 day moving average of $36.75. The firm has a market cap of $3.04 billion, a PE ratio of 5.98 and a beta of 1.84.

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 given a $0.45 dividend. This is a positive change from Northern Oil and Gas’s previous quarterly dividend of $0.42. This represents a $1.80 annualized dividend and a dividend yield of 5.86%. The ex-dividend date of this dividend is Friday, March 28th. Northern Oil and Gas’s dividend payout ratio (DPR) is presently 35.02%.

Northern Oil and Gas announced that its Board of Directors has authorized a stock repurchase program on Tuesday, March 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 3.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In related news, CEO Nicholas L. O’grady acquired 1,000 shares of the stock in a transaction dated Friday, March 7th. The stock was acquired at an average cost of $27.48 per share, for a total transaction of $27,480.00. Following the completion of the purchase, the chief executive officer now owns 226,189 shares of the company’s stock, valued at approximately $6,215,673.72. This represents a 0.44 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Adam A. Dirlam sold 836 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $39.00, for a total value of $32,604.00. Following the completion of the transaction, the president now directly owns 96,223 shares in the company, valued at approximately $3,752,697. The trade was a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. California State Teachers Retirement System increased its holdings in Northern Oil and Gas by 3.1% in the 4th quarter. California State Teachers Retirement System now owns 89,279 shares of the company’s stock worth $3,318,000 after buying an additional 2,643 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Northern Oil and Gas by 13.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,956 shares of the company’s stock valued at $370,000 after acquiring an additional 1,201 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in shares of Northern Oil and Gas in the fourth quarter worth $1,128,000. GTS Securities LLC raised its holdings in shares of Northern Oil and Gas by 238.2% during the fourth quarter. GTS Securities LLC now owns 22,318 shares of the company’s stock worth $829,000 after purchasing an additional 15,718 shares during the last quarter. Finally, Voloridge Investment Management LLC acquired a new position in Northern Oil and Gas during the fourth quarter valued at $1,683,000. 98.80% of the stock is currently owned by hedge funds and other institutional investors.

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.