Q2 2018 EPS Estimates for Northern Oil and Gas Inc. Lifted by Imperial Capital (NOG)

Northern Oil and Gas Inc. (NYSEAMERICAN:NOG) – Equities research analysts at Imperial Capital lifted their Q2 2018 EPS estimates for shares of Northern Oil and Gas in a report issued on Thursday, May 17th. Imperial Capital analyst J. Wangler now expects that the energy company will post earnings per share of $0.07 for the quarter, up from their prior forecast of $0.05. Imperial Capital currently has a “Hold” rating and a $3.00 target price on the stock. Imperial Capital also issued estimates for Northern Oil and Gas’ FY2018 earnings at $0.38 EPS.

Northern Oil and Gas (NYSEAMERICAN:NOG) last posted its quarterly earnings data on Monday, May 7th. The energy company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.05. The firm had revenue of $66.61 million for the quarter, compared to the consensus estimate of $77.25 million.

Other analysts also recently issued reports about the stock. Stifel Nicolaus began coverage on shares of Northern Oil and Gas in a report on Monday, April 9th. They set a “buy” rating and a $3.10 price objective for the company. Zacks Investment Research downgraded shares of Northern Oil and Gas from a “strong-buy” rating to a “hold” rating in a report on Friday, April 13th. SunTrust Banks set a $2.00 price objective on shares of Northern Oil and Gas and gave the stock a “hold” rating in a report on Sunday, April 22nd. Finally, Capital One raised shares of Northern Oil and Gas from an “underweight” rating to an “equal weight” rating in a report on Tuesday, April 10th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Northern Oil and Gas has an average rating of “Hold” and an average price target of $2.38.

Northern Oil and Gas opened at $2.40 on Friday, according to MarketBeat. Northern Oil and Gas has a 1 year low of $2.18 and a 1 year high of $2.26.

Institutional investors have recently modified their holdings of the business. SNS Financial Group LLC bought a new stake in Northern Oil and Gas in the 4th quarter valued at $103,000. Advisors Preferred LLC boosted its holdings in Northern Oil and Gas by 628.9% in the 4th quarter. Advisors Preferred LLC now owns 56,571 shares of the energy company’s stock valued at $116,000 after purchasing an additional 48,810 shares during the period. Dimensional Fund Advisors LP bought a new stake in Northern Oil and Gas in the 1st quarter valued at $147,000. Wedbush Securities Inc. bought a new stake in Northern Oil and Gas in the 4th quarter valued at $166,000. Finally, KBC Group NV bought a new position in shares of Northern Oil and Gas during the 1st quarter worth about $227,000.

Northern Oil and Gas Company Profile

Northern Oil and Gas, Inc, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. The company primarily holds interests in the Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana.

Earnings History and Estimates for Northern Oil and Gas (NYSEAMERICAN:NOG)

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