Northern Oil and Gas (NOG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
NOG's low valuation and strong free cash flow offer appeal, but leverage, commodity exposure and operator reliance keep the setup balanced.
Northern Oil and Gas is a non-operator oil & gas company trading at a deep discount, with a 7%+ dividend yield and robust free cash flow. NOG's business model enables capital flexibility and consistent free cash flow but exposes it to commodity price swings and limits operational control. Q2 2026 saw free cash flow rise 26% year-over-year to $159M, with management guiding up to $500M for 2026 and expanding buyback capacity.
NOG beats Q2 earnings and sales estimates as natural gas production surges, despite weaker gas prices weighing on profits.
Northern Oil and Gas NYSE: NOG reported higher second-quarter cash flow and production, citing the benefits of its diversified non-operated portfolio despite Permian Basin curtailments tied to weak Waha natural gas economics.
While the top- and bottom-line numbers for Northern Oil and Gas (NOG) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Although the revenue and EPS for Northern Oil and Gas (NOG) give a sense of how its business performed in the quarter ended June 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) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $1.37 per share a year ago.
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.
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Northern Oil and Gas (NOG) reported earnings 30 days ago. What's next for the stock?