Northern Oil and Gas: Duvernay Acquisition Comes At A Fair Price, But Adds To Its Leverage
Northern Oil and Gas (NOG) reported earnings 30 days ago. What's next for the stock?
Although the revenue and EPS for Northern Oil and Gas (NOG) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Northern Oil and Gas (NOG) receives a 'Hold' rating with a $16/share price target, citing excessive volatility and complex financials. NOG's non-operator model, heavy hedging, and reliance on M&A introduce significant risks, limiting upside from high oil prices. Despite record production and a high yield, negative GAAP earnings, dilution, and high leverage undermine the investment case.
NOG beats Q1 estimates on strong production, but profit and revenues drop Y/Y as weak gas prices and surging operating expenses weigh on results.
Northern Oil and Gas, Inc. (NOG) Q1 2026 Earnings Call Transcript
Northern Oil and Gas (NOG) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $1.33 per share a year ago.
NOG heads into Q1 earnings under price and cost pressure, but production growth and hedging may help offset near-term volatility.
Northern Oil and Gas (NOG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Northern Oil and Gas (NOG) reported earnings 30 days ago. What's next for the stock?
NOG expects total output to range from 139,000-143,000 Boe/d in a low-activity scenario and from 144,000-148,000 Boe/d in a high-activity scenario for 2026.
Northern Oil and Gas, Inc. (NOG) Q4 2025 Earnings Call Transcript