Capital One Comments on Northern Oil and Gas Inc.’s Q1 2018 Earnings (NYSEAMERICAN:NOG)

Northern Oil and Gas Inc. (NYSEAMERICAN:NOG) – Equities research analysts at Capital One decreased their Q1 2018 EPS estimates for Northern Oil and Gas in a research note issued on Tuesday, April 10th, Zacks Investment Research reports. Capital One analyst P. Johnston now anticipates that the energy company will post earnings of $0.10 per share for the quarter, down from their previous forecast of $0.16. Capital One has a “Equal Weight” rating on the stock. Capital One 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.

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A number of other analysts have also commented on the company. Zacks Investment Research raised Northern Oil and Gas from a “hold” rating to a “buy” rating and set a $2.25 price objective on the stock in a research note on Thursday, March 1st. Stifel Nicolaus initiated coverage on Northern Oil and Gas in a research note on Monday, April 9th. They set a “buy” rating and a $3.10 price objective on the stock. Finally, Imperial Capital set a $2.00 price objective on Northern Oil and Gas and gave the company an “in-line” rating in a research note on Tuesday, April 10th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $2.27.

Northern Oil and Gas stock opened at $1.71 on Thursday. Northern Oil and Gas has a fifty-two week low of $0.63 and a fifty-two week high of $2.97.

Northern Oil and Gas (NYSEAMERICAN:NOG) last posted its earnings results on Thursday, February 22nd. The energy company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.07. The firm had revenue of $72.48 million during the quarter, compared to analyst estimates of $65.00 million. The firm’s revenue for the quarter was up 54.0% on a year-over-year basis. During the same period last year, the company posted $0.04 EPS.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 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 worth $344,000 after purchasing an additional 32,180 shares during the period. 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 worth $116,000 after purchasing an additional 48,810 shares during the period. SNS Financial Group LLC purchased a new position in shares of Northern Oil and Gas in the 4th quarter worth about $103,000. Finally, Wedbush Securities Inc. purchased a new position in shares of Northern Oil and Gas in the 4th quarter worth about $166,000.

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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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Earnings History and Estimates for Northern Oil and Gas (NYSEAMERICAN:NOG)

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