Northern Oil & Gas (NOG) Set to Announce Quarterly Earnings on Thursday

Northern Oil & Gas (NYSEAMERICAN:NOG) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, November 8th. Analysts expect Northern Oil & Gas to post earnings of $0.11 per share for the quarter.

Northern Oil & Gas (NYSEAMERICAN:NOG) last announced its quarterly earnings data on Thursday, August 9th. The energy company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.01. The firm had revenue of $96.78 million during the quarter, compared to analysts’ expectations of $95.20 million.

Shares of NOG opened at $2.94 on Tuesday. Northern Oil & Gas has a 12-month low of $1.01 and a 12-month high of $4.49.

An institutional investor recently raised its position in Northern Oil & Gas stock. Bank of New York Mellon Corp raised its stake in Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) by 460.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 386,113 shares of the energy company’s stock after buying an additional 317,239 shares during the quarter. Bank of New York Mellon Corp owned about 0.13% of Northern Oil & Gas worth $1,216,000 at the end of the most recent quarter.

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus set a $4.00 price objective on shares of Northern Oil & Gas and gave the company a “buy” rating in a report on Wednesday, August 1st. Northland Securities set a $6.00 price objective on shares of Northern Oil & Gas and gave the company a “buy” rating in a report on Wednesday, August 1st. Zacks Investment Research cut shares of Northern Oil & Gas from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 10th. Finally, Capital One Financial raised shares of Northern Oil & Gas from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 31st. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $4.17.

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Northern Oil & 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.

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Earnings History for Northern Oil & Gas (NYSEAMERICAN:NOG)

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