A month has gone by since the last earnings report for Northern Oil and Gas (NOG). Shares have added about 12.4% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Northern Oil and Gas due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
How Have Estimates Been Moving Since Then?
It turns out, fresh estimates have trended downward during the past month.
VGM Scores
Currently, Northern Oil and Gas has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a grade of A on the value side, putting it in the top 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Northern Oil and Gas has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Northern Oil and Gas is part of the Zacks Oil and Gas - Exploration and Production - United States industry. Over the past month, Range Resources (RRC), a stock from the same industry, has gained 15.9%. The company reported its results for the quarter ended March 2025 more than a month ago.
Range Resources reported revenues of $854.02 million in the last reported quarter, representing a year-over-year change of +18.9%. EPS of $0.96 for the same period compares with $0.69 a year ago.
For the current quarter, Range Resources is expected to post earnings of $0.69 per share, indicating a change of +50% from the year-ago quarter. The Zacks Consensus Estimate has changed +4.7% over the last 30 days.
Range Resources has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of B.
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Northern Oil and Gas, Inc. (NOG): Free Stock Analysis Report Range Resources Corporation (RRC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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