Equities analysts predict that Northern Oil and Gas, Inc. (NASDAQ:NOG) will report $0.09 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Northern Oil and Gas’ earnings. The lowest EPS estimate is $0.07 and the highest is $0.10. Northern Oil and Gas posted earnings of $0.25 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 64%. The firm is expected to report its next earnings report on Tuesday, March 10th.
According to Zacks, analysts expect that Northern Oil and Gas will report full-year earnings of $0.37 per share for the current year, with EPS estimates ranging from $0.35 to $0.39. For the next year, analysts forecast that the company will post earnings of $0.42 per share, with EPS estimates ranging from $0.35 to $0.50. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for Northern Oil and Gas.
Northern Oil and Gas (NASDAQ:NOG) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.02). The business had revenue of $233.88 million during the quarter, compared to analyst estimates of $170.59 million.
NOG has been the subject of a number of recent research reports. Imperial Capital upgraded Northern Oil and Gas from an “in-line” rating to an “outperform” rating in a research note on Friday, December 20th. BidaskClub lowered Northern Oil and Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th.
Shares of NASDAQ NOG traded up $0.01 during trading on Tuesday, reaching $2.01. 10,010,400 shares of the company traded hands, compared to its average volume of 5,997,278. The firm’s fifty day simple moving average is $2.06 and its 200 day simple moving average is $1.92. Northern Oil and Gas has a 12-month low of $1.40 and a 12-month high of $2.94.
About Northern Oil and Gas
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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