Northern Oil & Gas (NYSEAMERICAN:NOG) Issues Quarterly Earnings Results

Northern Oil & Gas (NYSEAMERICAN:NOG) released its quarterly earnings results on Tuesday. The energy company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02), Fidelity Earnings reports. The business had revenue of $233.88 million for the quarter, compared to analyst estimates of $170.59 million.

NOG traded down $0.05 during trading on Wednesday, hitting $2.06. The company’s stock had a trading volume of 3,474,279 shares, compared to its average volume of 5,699,299. Northern Oil & Gas has a one year low of $1.40 and a one year high of $2.94.

NOG has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Northern Oil & Gas from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Northland Securities reiterated a “buy” rating and issued a $3.25 price target on shares of Northern Oil & Gas in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Northern Oil & Gas presently has a consensus rating of “Buy” and a consensus target price of $3.44.

In other Northern Oil & Gas news, major shareholder Robert B. Rowling purchased 985,100 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were acquired at an average cost of $1.60 per share, for a total transaction of $1,576,160.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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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