Northern Oil & Gas, Inc. (NOG) Announces Earnings Results
Northern Oil & Gas, Inc. (AMEX:NOG) released its quarterly earnings results on Tuesday. The energy company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.24, Briefing.com reports. The company had revenue of $64.90 million during the quarter, compared to analysts’ expectations of $48.06 million. The firm’s revenue was up 102.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 EPS.
Northern Oil & Gas (AMEX:NOG) remained flat at $1.00 during trading on Wednesday. The company had a trading volume of 669,037 shares. The company’s market capitalization is $61.54 million. The stock’s 50-day moving average is $1.30 and its 200-day moving average is $2.24. Northern Oil & Gas has a 1-year low of $1.00 and a 1-year high of $4.34.
NOG has been the subject of a number of analyst reports. Royal Bank Of Canada set a $3.00 price target on Northern Oil & Gas and gave the stock a “hold” rating in a report on Saturday, June 17th. ValuEngine cut Northern Oil & Gas from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Scotiabank set a $3.00 price target on Northern Oil & Gas and gave the stock a “hold” rating in a report on Monday, May 8th. Zacks Investment Research upgraded Northern Oil & Gas from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Finally, Capital One Financial Corporation cut Northern Oil & Gas from an “equal weight” rating to an “underweight” rating in a report on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $2.50.
Northern Oil & Gas Company Profile
Northern Oil and Gas, Inc is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and natural gas properties, primarily in the Bakken and Three Forks formations within the Williston Basin in North Dakota and Montana. The Company holds working interests in over 2,630 gross (204.3 net) producing wells, including over 2,630 wells targeting the Bakken and Three Forks formations and over two wells targeting other formations.
Receive News & Ratings for Northern Oil & Gas Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Oil & Gas Inc. and related companies with MarketBeat.com's FREE daily email newsletter.