Equities research analysts expect Northern Oil and Gas, Inc. (NASDAQ:NOG) to report $0.13 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Northern Oil and Gas’ earnings, with estimates ranging from $0.09 to $0.17. Northern Oil and Gas posted earnings of $0.17 per share in the same quarter last year, which would suggest a negative year over year growth rate of 23.5%. The firm is expected to announce its next earnings report on Monday, May 6th.
According to Zacks, analysts expect that Northern Oil and Gas will report full year earnings of $0.55 per share for the current fiscal year, with EPS estimates ranging from $0.43 to $0.70. For the next financial year, analysts anticipate that the firm will report earnings of $0.56 per share, with EPS estimates ranging from $0.41 to $0.72. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Northern Oil and Gas.
Separately, BidaskClub upgraded Northern Oil and Gas from a “hold” rating to a “buy” rating in a research note 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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