Northern Oil and Gas (NYSE:NOG) Stock Rating Lowered by Capital One Financial

Capital One Financial lowered shares of Northern Oil and Gas (NYSE:NOG) from an overweight rating to an equal weight rating in a research report report published on Friday morning, MarketBeat.com reports. Capital One Financial also issued estimates for Northern Oil and Gas’ Q4 2024 earnings at $1.19 EPS, FY2024 earnings at $5.33 EPS, Q1 2025 earnings at $1.20 EPS, Q2 2025 earnings at $1.19 EPS, Q3 2025 earnings at $1.24 EPS, Q4 2025 earnings at $1.32 EPS, FY2025 earnings at $4.95 EPS and FY2026 earnings at $4.93 EPS.

Several other equities analysts also recently weighed in on the company. Royal Bank of Canada reduced 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 report on Thursday, February 13th. Piper Sandler dropped their price target on Northern Oil and Gas from $37.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Truist Financial upped their price target on Northern Oil and Gas from $52.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Finally, Mizuho lowered Northern Oil and Gas from an “outperform” rating to a “neutral” rating and set a $47.00 price target for the company. in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $47.00.

Northern Oil and Gas Stock Down 6.7 %

NOG opened at $33.01 on Friday. The business’s fifty day moving average is $37.62 and its two-hundred day moving average is $38.30. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 6.42 and a beta of 1.81. Northern Oil and Gas has a one year low of $32.81 and a one year high of $44.31.

Northern Oil and Gas (NYSE:NOG) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.16). Northern Oil and Gas had a net margin of 23.38% and a return on equity of 24.96%. The company had revenue of $545.47 million during the quarter, compared to analysts’ expectations of $552.34 million. Analysts anticipate that Northern Oil and Gas will post 5.25 EPS for the current fiscal year.

Northern Oil and Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend is Friday, March 28th. This is a positive change from Northern Oil and Gas’s previous quarterly dividend of $0.42. Northern Oil and Gas’s dividend payout ratio (DPR) is 35.02%.

Insider Buying and Selling at Northern Oil and Gas

In other Northern Oil and Gas news, President Adam A. Dirlam sold 836 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $39.00, for a total transaction of $32,604.00. Following the transaction, the president now owns 96,223 shares of the company’s stock, valued at $3,752,697. This trade represents a 0.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. GF Fund Management CO. LTD. acquired a new position in Northern Oil and Gas during the 4th quarter valued at approximately $1,128,000. GTS Securities LLC boosted its position in Northern Oil and Gas by 238.2% during the 4th quarter. GTS Securities LLC now owns 22,318 shares of the company’s stock valued at $829,000 after purchasing an additional 15,718 shares during the period. Voloridge Investment Management LLC acquired a new position in Northern Oil and Gas during the 4th quarter valued at approximately $1,683,000. Woodline Partners LP acquired a new position in Northern Oil and Gas during the 4th quarter valued at approximately $997,000. Finally, iSAM Funds UK Ltd acquired a new position in Northern Oil and Gas during the 4th quarter valued at approximately $373,000. Institutional investors 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.