Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) – Equities researchers at SunTrust Banks issued their Q1 2019 earnings estimates for shares of Northern Oil & Gas in a research report issued on Tuesday, March 12th. SunTrust Banks analyst N. Dingmann expects that the energy company will earn $0.11 per share for the quarter. SunTrust Banks has a “Buy” rating and a $4.00 price target on the stock. SunTrust Banks also issued estimates for Northern Oil & Gas’ Q2 2019 earnings at $0.11 EPS, Q3 2019 earnings at $0.12 EPS, Q4 2019 earnings at $0.12 EPS, FY2019 earnings at $0.46 EPS, FY2020 earnings at $0.48 EPS and FY2021 earnings at $0.51 EPS.
A number of other equities research analysts have also issued reports on NOG. Imperial Capital set a $3.00 target price on shares of Northern Oil & Gas and gave the company a “hold” rating in a research note on Wednesday, January 23rd. Zacks Investment Research lowered shares of Northern Oil & Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, January 30th. Finally, TheStreet upgraded shares of Northern Oil & Gas from a “d” rating to a “c” rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $4.17.
Northern Oil & Gas (NYSEAMERICAN:NOG) last issued its quarterly earnings data on Tuesday, March 12th. The energy company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.11. The firm had revenue of $152.57 million during the quarter, compared to analyst estimates of $159.29 million.
In related news, major shareholder Crestview Partners Iii Gp, L.P sold 605,842 shares of the business’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $2.53, for a total transaction of $1,532,780.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 10,147,584 shares of company stock valued at $27,248,208.
Large investors have recently made changes to their positions in the stock. First National Trust Co bought a new stake in shares of Northern Oil & Gas during the 4th quarter valued at about $28,000. NumerixS Investment Technologies Inc bought a new position in Northern Oil & Gas in the 4th quarter worth about $46,000. Great West Life Assurance Co. Can bought a new position in Northern Oil & Gas in the 4th quarter worth about $48,000. IFP Advisors Inc grew its position in Northern Oil & Gas by 92.4% in the 4th quarter. IFP Advisors Inc now owns 22,327 shares of the energy company’s stock worth $51,000 after purchasing an additional 10,725 shares during the last quarter. Finally, Bank of Montreal Can grew its position in Northern Oil & Gas by 1,610.3% in the 4th quarter. Bank of Montreal Can now owns 22,987 shares of the energy company’s stock worth $52,000 after purchasing an additional 21,643 shares during the last quarter.
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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