Northern Oil & Gas (NYSEAMERICAN:NOG) Issues Earnings Results, Beats Expectations By $0.01 EPS

Northern Oil & Gas (NYSEAMERICAN:NOG) announced its quarterly earnings data on Thursday. The energy company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.01, Fidelity Earnings reports. The firm had revenue of $186.44 million during the quarter, compared to analyst estimates of $153.11 million.

NOG stock opened at $1.50 on Friday. Northern Oil & Gas has a 12-month low of $1.42 and a 12-month high of $4.49.

A number of equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Northern Oil & Gas from a “sell” rating to a “hold” rating in a research report on Wednesday. Northland Securities set a $5.00 price objective on shares of Northern Oil & Gas and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Northern Oil & Gas presently has an average rating of “Buy” and a consensus target price of $3.88.

In related news, major shareholder Robert B. Rowling purchased 1,000,000 shares of Northern Oil & Gas stock in a transaction dated Thursday, May 16th. The stock was bought at an average cost of $2.23 per share, for a total transaction of $2,230,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Robert B. Rowling purchased 1,000,060 shares of Northern Oil & Gas stock in a transaction dated Tuesday, May 28th. The shares were bought at an average price of $2.06 per share, with a total value of $2,060,123.60. The disclosure for this purchase can be found here.

Northern Oil & Gas Company Profile

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

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