Northern Oil and Gas (NYSE:NOG) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

25 Feb 2026, 21:30 by Mitch Edgeman · The Markets Daily

Northern Oil and Gas (NYSE:NOG – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01, FiscalAI reports. Northern Oil and Gas had a return on equity of 20.61% and a net margin of 7.61%.The firm had revenue of $610.18 million for the quarter, compared to the consensus estimate of $524.98 million.

Northern Oil and Gas Stock Performance

Shares of NYSE:NOG traded down $0.66 during mid-day trading on Wednesday, reaching $26.53. 1,979,141 shares of the company traded hands, compared to its average volume of 1,976,884. The company’s 50 day moving average price is $23.58 and its 200-day moving average price is $23.64. The firm has a market cap of $2.59 billion, a PE ratio of 14.99 and a beta of 1.01. Northern Oil and Gas has a 52 week low of $19.88 and a 52 week high of $32.62. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.10 and a quick ratio of 1.10.

Northern Oil and Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Monday, March 30th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend is Monday, March 30th. Northern Oil and Gas’s payout ratio is presently 101.69%.

Analysts Set New Price Targets

A number of research firms have weighed in on NOG. Morgan Stanley set a $24.00 target price on Northern Oil and Gas and gave the company an “underweight” rating in a report on Friday, January 23rd. Royal Bank Of Canada lowered their price objective on shares of Northern Oil and Gas from $33.00 to $30.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 20th. Mizuho set a $29.00 price objective on shares of Northern Oil and Gas in a report on Wednesday, January 21st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Northern Oil and Gas in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $29.29.

Get Our Latest Stock Report on NOG

Hedge Funds Weigh In On Northern Oil and Gas

Hedge funds have recently modified their holdings of the company. Marex Group plc lifted its stake in shares of Northern Oil and Gas by 117.8% during the 4th quarter. Marex Group plc now owns 18,299 shares of the company’s stock valued at $393,000 after buying an additional 9,897 shares in the last quarter. Weiss Asset Management LP purchased a new stake in Northern Oil and Gas in the 4th quarter worth $317,000. Brooklyn Investment Group bought a new stake in Northern Oil and Gas during the fourth quarter valued at about $247,000. CIBC Asset Management Inc purchased a new position in shares of Northern Oil and Gas in the fourth quarter valued at about $207,000. Finally, Entropy Technologies LP bought a new position in shares of Northern Oil and Gas in the third quarter worth about $206,000. 98.80% of the stock is currently owned by institutional investors.

Northern Oil and Gas Company Profile

(Get Free Report)

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.