Northern Oil & Gas, Inc. (NOG) Expected to Earn FY2017 Earnings of $0.07 Per Share

Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) – Equities research analysts at Imperial Capital lifted their FY2017 earnings per share estimates for Northern Oil & Gas in a research report issued on Thursday. Imperial Capital analyst J. Wangler now expects that the energy company will post earnings per share of $0.07 for the year, up from their prior estimate of $0.05. Imperial Capital currently has a “Hold” rating and a $2.00 price target on the stock. Imperial Capital also issued estimates for Northern Oil & Gas’ Q1 2018 earnings at $0.02 EPS, Q2 2018 earnings at $0.03 EPS and FY2018 earnings at $0.16 EPS.

Separately, Zacks Investment Research upgraded Northern Oil & Gas from a “hold” rating to a “strong-buy” rating and set a $1.00 price target for the company in a research note on Wednesday, October 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $1.75.

Northern Oil & Gas (NYSEAMERICAN NOG) opened at $1.68 on Monday. Northern Oil & Gas has a one year low of $0.63 and a one year high of $4.00. The company has a market capitalization of $112.26, a P/E ratio of 42.00 and a beta of 1.76.

Northern Oil & Gas (NYSEAMERICAN:NOG) last issued its earnings results on Wednesday, November 8th. The energy company reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. The business had revenue of $54.26 million for the quarter, compared to the consensus estimate of $51.04 million. During the same quarter in the prior year, the firm posted $0.04 earnings per share. The business’s revenue was up 30.1% compared to the same quarter last year.

Institutional investors have recently bought and sold shares of the company. Quantitative Investment Management LLC increased its holdings in Northern Oil & Gas by 11.3% in the 2nd quarter. Quantitative Investment Management LLC now owns 90,500 shares of the energy company’s stock worth $126,000 after purchasing an additional 9,200 shares in the last quarter. Virtu KCG Holdings LLC increased its holdings in Northern Oil & Gas by 237.4% in the 2nd quarter. Virtu KCG Holdings LLC now owns 148,902 shares of the energy company’s stock worth $208,000 after purchasing an additional 104,769 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Northern Oil & Gas by 0.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 227,945 shares of the energy company’s stock worth $319,000 after purchasing an additional 705 shares in the last quarter. Isthmus Partners LLC increased its holdings in Northern Oil & Gas by 60.7% in the 2nd quarter. Isthmus Partners LLC now owns 270,642 shares of the energy company’s stock worth $379,000 after purchasing an additional 102,198 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in Northern Oil & Gas by 62.1% in the 1st quarter. Bank of America Corp DE now owns 157,680 shares of the energy company’s stock worth $410,000 after purchasing an additional 60,379 shares in the last quarter.

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Northern Oil & Gas Company Profile

Northern Oil and Gas, Inc is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and natural gas properties, primarily in the Bakken and Three Forks formations within the Williston Basin in North Dakota and Montana. The Company holds working interests in over 2,630 gross (204.3 net) producing wells, including over 2,630 wells targeting the Bakken and Three Forks formations and over two wells targeting other formations.

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

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