Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) – Investment analysts at SunTrust Banks lifted their Q4 2017 EPS estimates for shares of Northern Oil & Gas in a note issued to investors on Tuesday. SunTrust Banks analyst N. Dingmann now anticipates that the energy company will earn $0.03 per share for the quarter, up from their prior estimate of ($0.01). SunTrust Banks also issued estimates for Northern Oil & Gas’ FY2018 earnings at $0.09 EPS and FY2019 earnings at $0.10 EPS.

Several other analysts have also commented on the stock. Imperial Capital set a $2.00 price target on shares of Northern Oil & Gas and gave the company a “hold” rating in a research report on Thursday, December 21st. Zacks Investment Research raised shares of Northern Oil & Gas from a “hold” rating to a “strong-buy” rating and set a $1.00 price target on the stock in a research report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a strong buy rating to the company’s stock. Northern Oil & Gas has a consensus rating of “Hold” and a consensus price target of $1.75.

Northern Oil & Gas (NOG) opened at $2.53 on Friday. Northern Oil & Gas has a 12-month low of $0.63 and a 12-month high of $4.00. The firm has a market cap of $136.99, a PE ratio of 63.25 and a beta of 1.76.

Northern Oil & Gas (NYSEAMERICAN:NOG) last issued its quarterly earnings data on Wednesday, November 8th. The energy company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The business had revenue of $54.26 million for the quarter, compared to analyst estimates of $51.04 million. The firm’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.04 earnings per share.

A number of large investors have recently bought and sold shares of NOG. Quantitative Investment Management LLC raised its holdings in Northern Oil & Gas by 11.3% in the 2nd quarter. Quantitative Investment Management LLC now owns 90,500 shares of the energy company’s stock worth $126,000 after purchasing an additional 9,200 shares in the last quarter. Virtu KCG Holdings LLC raised its holdings in Northern Oil & Gas by 237.4% in the 2nd quarter. Virtu KCG Holdings LLC now owns 148,902 shares of the energy company’s stock worth $208,000 after purchasing an additional 104,769 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Northern Oil & Gas by 0.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 227,945 shares of the energy company’s stock worth $319,000 after purchasing an additional 705 shares in the last quarter. Isthmus Partners LLC raised its holdings in Northern Oil & Gas by 60.7% in the 2nd quarter. Isthmus Partners LLC now owns 270,642 shares of the energy company’s stock worth $379,000 after purchasing an additional 102,198 shares in the last quarter. Finally, Gen IV Investment Opportunities LLC bought a new position in Northern Oil & Gas in the 3rd quarter worth $989,000.

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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.

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