$0.13 Earnings Per Share Expected for Northern Oil and Gas, Inc. (NOG) This Quarter
Equities analysts expect Northern Oil and Gas, Inc. (NASDAQ:NOG) to post earnings of $0.13 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Northern Oil and Gas’ earnings, with the highest EPS estimate coming in at $0.17 and the lowest estimate coming in at $0.09. Northern Oil and Gas posted earnings per share of $0.17 in the same quarter last year, which would indicate a negative year over year growth rate of 23.5%. The firm is scheduled to announce its next quarterly earnings report on Monday, May 6th.
On average, analysts expect that Northern Oil and Gas will report full-year earnings of $0.55 per share for the current financial year, with EPS estimates ranging from $0.43 to $0.70. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.56 per share, with EPS estimates ranging from $0.41 to $0.72. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Northern Oil and Gas.
Separately, BidaskClub raised Northern Oil and Gas from a “hold” rating to a “buy” rating in a research report on Wednesday, February 20th.
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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