In this paper we reported nano-crystalline cobalt ferrite powders were synthesized using co-precipitation method at 600 °C, 700 °C and 800 °C. The structural, morphological and magnetic properties of the powders were investigated by x-ray diffraction (XRD), Fourier transform infrared (FTIR) spectroscopy, transmission electron microscopy (TEM) and vibrating sample magnetometer (VSM). Infrared spectral analysis data between 200 and 1000 cm-1 defined the intrinsic cation vibrations of the characteristic spinel structure system. The saturation magnetization (Ms) and coercivity (Hc) of the CoFe2O4 were found to be in the range of 94-33 emu/g, which is still in the range of hard ferrite. The observed variation in saturation magnetization, coercivity and remanence magnetization as a function of increasing the temperature and grain size of samples. From this point of view, nano-scale size of nanoparticles makes them efficient for using in borehole stability maintaining for enhancing oil and gas recovery efficiency improvement. The large value of magnetic pressure (-2.95699) are expected to be useful in oil recovery applications. It has also been found that the choice of nanoparticles for application in oil recovery depends on nature, magnetic and electric properties of the reservoir rock.