Zacks: Analysts Anticipate Northern Oil and Gas, Inc. (NASDAQ:NOG) Will Announce Earnings of $0.08 Per Share

Wall Street brokerages expect that Northern Oil and Gas, Inc. (NASDAQ:NOG) will post earnings of $0.08 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Northern Oil and Gas’ earnings. The lowest EPS estimate is $0.06 and the highest is $0.09. Northern Oil and Gas reported earnings per share of $0.25 in the same quarter last year, which would suggest a negative year-over-year growth rate of 68%. The company is scheduled to issue its next quarterly earnings results before the market opens on Thursday, March 12th.

According to Zacks, analysts expect that Northern Oil and Gas will report full-year earnings of $0.36 per share for the current fiscal year, with EPS estimates ranging from $0.34 to $0.37. For the next financial year, analysts anticipate that the company will report earnings of $0.38 per share, with EPS estimates ranging from $0.29 to $0.43. Zacks’ EPS calculations are an average based on a survey of research firms that cover Northern Oil and Gas.

A number of equities research analysts have recently issued reports on the company. BidaskClub cut Northern Oil and Gas from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 25th. Imperial Capital upgraded Northern Oil and Gas from an “in-line” rating to an “outperform” rating in a research note on Friday, December 20th.

Shares of Northern Oil and Gas stock traded down $0.06 on Friday, reaching $1.43. 9,698,326 shares of the company were exchanged, compared to its average volume of 6,057,557. Northern Oil and Gas has a one year low of $1.40 and a one year high of $2.94. The company has a 50-day moving average of $1.73 and a 200 day moving average of $1.90.

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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