Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) – Equities researchers at SunTrust Banks lifted their Q4 2018 EPS estimates for Northern Oil & Gas in a research report issued to clients and investors on Tuesday, November 27th. SunTrust Banks analyst N. Dingmann now expects that the energy company will earn $0.16 per share for the quarter, up from their previous estimate of $0.13. SunTrust Banks has a “Buy” rating and a $4.00 price target on the stock.
Northern Oil & Gas (NYSEAMERICAN:NOG) last announced its quarterly earnings results on Thursday, November 8th. The energy company reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.01). The firm had revenue of $102.27 million during the quarter, compared to analyst estimates of $119.05 million.
Shares of NYSEAMERICAN:NOG opened at $2.54 on Friday. Northern Oil & Gas has a 12 month low of $1.31 and a 12 month high of $4.49.
In related news, major shareholder Crestview Partners Iii Gp, L.P sold 2,865,329 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $3.49, for a total value of $9,999,998.21. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in shares of Northern Oil & Gas by 59.3% during the 3rd quarter. BlackRock Inc. now owns 13,330,385 shares of the energy company’s stock worth $53,321,000 after purchasing an additional 4,961,556 shares during the period. Angelo Gordon & CO. L.P. purchased a new position in shares of Northern Oil & Gas during the 2nd quarter worth $39,076,000. Vanguard Group Inc. lifted its stake in shares of Northern Oil & Gas by 21.5% during the 3rd quarter. Vanguard Group Inc. now owns 10,675,890 shares of the energy company’s stock worth $42,704,000 after purchasing an additional 1,891,771 shares during the period. TPG Group Holdings SBS Advisors Inc. purchased a new position in shares of Northern Oil & Gas during the 2nd quarter worth $25,200,000. Finally, Nokota Management LP purchased a new position in shares of Northern Oil & Gas during the 2nd quarter worth $20,570,000.
About Northern Oil & 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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