Northern Oil and Gas Inc. (NYSEAMERICAN:NOG) – Analysts at Capital One Financial dropped their Q1 2018 earnings per share (EPS) estimates for Northern Oil and Gas in a report issued on Tuesday, April 10th. Capital One Financial analyst P. Johnston now expects that the energy company will post earnings per share of $0.10 for the quarter, down from their previous forecast of $0.16. Capital One Financial has a “Equal Weight” rating on the stock. Capital One Financial also issued estimates for Northern Oil and Gas’ Q2 2018 earnings at $0.03 EPS, Q3 2018 earnings at $0.03 EPS, Q4 2018 earnings at $0.04 EPS, FY2018 earnings at $0.20 EPS and FY2019 earnings at $0.19 EPS.
Several other equities analysts have also commented on the company. Zacks Investment Research lowered Northern Oil and Gas from a “strong-buy” rating to a “hold” rating in a research note on Friday. Imperial Capital set a $2.00 price target on Northern Oil and Gas and gave the company an “in-line” rating in a research note on Tuesday. Finally, Stifel Nicolaus assumed coverage on Northern Oil and Gas in a research note on Monday, April 9th. They issued a “buy” rating and a $3.10 price target on the stock. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $2.27.
Shares of Northern Oil and Gas stock opened at $1.64 on Thursday. Northern Oil and Gas has a 52 week low of $0.63 and a 52 week high of $2.97.
Northern Oil and Gas (NYSEAMERICAN:NOG) last announced its quarterly earnings results on Thursday, February 22nd. The energy company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.07. The business had revenue of $72.48 million during the quarter, compared to analyst estimates of $65.00 million. During the same period last year, the company earned $0.04 EPS. The business’s revenue for the quarter was up 54.0% on a year-over-year basis.
Hedge funds have recently bought and sold shares of the stock. SNS Financial Group LLC purchased a new stake in shares of Northern Oil and Gas in the 4th quarter valued at $103,000. Advisors Preferred LLC raised its holdings in shares of Northern Oil and Gas by 628.9% in the 4th quarter. Advisors Preferred LLC now owns 56,571 shares of the energy company’s stock valued at $116,000 after buying an additional 48,810 shares during the period. Wedbush Securities Inc. purchased a new stake in shares of Northern Oil and Gas in the 4th quarter valued at $166,000. Finally, Virtu Financial LLC raised its holdings in shares of Northern Oil and Gas by 23.7% in the 4th quarter. Virtu Financial LLC now owns 167,968 shares of the energy company’s stock valued at $344,000 after buying an additional 32,180 shares during the period.
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Northern Oil and 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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