Northern Oil and Gas (NYSE:NOG) Downgraded to Equal Weight Rating by Capital One Financial

Northern Oil and Gas (NYSE:NOG) was downgraded by research analysts at Capital One Financial from an “overweight” rating to an “equal weight” rating in a report released on Friday,Finviz 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.

NOG has been the subject of several other research reports. Royal Bank of Canada reduced their price objective on shares of Northern Oil and Gas from $45.00 to $40.00 and set a “sector perform” rating for the company in a research note on Thursday, February 13th. Mizuho downgraded shares of Northern Oil and Gas from an “outperform” rating to a “neutral” rating and set a $47.00 price objective for the company. in a report on Monday, December 16th. 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 report on Monday, January 13th. Finally, Piper Sandler cut their price objective on shares of Northern Oil and Gas from $37.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $47.00.

Northern Oil and Gas Trading Up 0.2 %

NYSE NOG opened at $35.48 on Friday. The firm has a market capitalization of $3.54 billion, a PE ratio of 6.90 and a beta of 1.81. Northern Oil and Gas has a one year low of $33.17 and a one year high of $44.31. 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 50-day simple moving average of $37.62 and a 200-day simple moving average of $38.30.

Northern Oil and Gas (NYSE:NOG) last posted 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 the consensus estimate of $552.34 million. On average, equities analysts forecast that Northern Oil and Gas will post 5.25 earnings per share for the current year.

Insider Buying and Selling

In related news, President Adam A. Dirlam sold 836 shares of the stock in a transaction that occurred 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 owns 96,223 shares of the company’s stock, valued at $3,752,697. This represents a 0.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.80% of the stock is currently owned by company insiders.

Institutional Trading of Northern Oil and Gas

Several institutional investors have recently modified their holdings of NOG. Vanguard Group Inc. boosted its stake in shares of Northern Oil and Gas by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 11,273,298 shares of the company’s stock valued at $418,916,000 after purchasing an additional 166,501 shares during the last quarter. American Century Companies Inc. lifted its holdings in Northern Oil and Gas by 3.9% in the fourth quarter. American Century Companies Inc. now owns 6,537,596 shares of the company’s stock valued at $242,937,000 after buying an additional 243,531 shares during the period. Dimensional Fund Advisors LP boosted its position in Northern Oil and Gas by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,296,886 shares of the company’s stock valued at $122,507,000 after acquiring an additional 68,631 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Northern Oil and Gas by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,283,777 shares of the company’s stock worth $80,884,000 after acquiring an additional 100,761 shares in the last quarter. Finally, Copeland Capital Management LLC lifted its stake in shares of Northern Oil and Gas by 0.9% in the 4th quarter. Copeland Capital Management LLC now owns 2,114,909 shares of the company’s stock valued at $78,590,000 after purchasing an additional 18,195 shares during the period. 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.