Northern Oil and Gas, Inc. (NYSE:NOG) Expected to Post Earnings of $1.27 Per Share

Equities research analysts expect Northern Oil and Gas, Inc. (NYSE:NOGGet Rating) to post $1.27 earnings per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Northern Oil and Gas’ earnings. The highest EPS estimate is $1.46 and the lowest is $1.08. Northern Oil and Gas posted earnings per share of $0.62 in the same quarter last year, which indicates a positive year-over-year growth rate of 104.8%. The company is expected to report its next earnings report on Monday, January 1st.

On average, analysts expect that Northern Oil and Gas will report full year earnings of $6.08 per share for the current financial year, with EPS estimates ranging from $4.74 to $7.31. For the next financial year, analysts forecast that the firm will report earnings of $7.92 per share, with EPS estimates ranging from $6.25 to $11.90. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Northern Oil and Gas.

Separately, initiated coverage on Northern Oil and Gas in a report on Thursday, March 31st. They set a “hold” rating on the stock.

NYSE NOG traded down $1.09 during mid-day trading on Thursday, hitting $28.08. The stock had a trading volume of 11,864 shares, compared to its average volume of 1,156,365. Northern Oil and Gas has a 52-week low of $11.90 and a 52-week high of $30.44. The company has a market capitalization of $2.17 billion, a P/E ratio of -27.60, a PEG ratio of 0.49 and a beta of 2.25. The company has a debt-to-equity ratio of 3.73, a current ratio of 0.66 and a quick ratio of 0.66.

About Northern Oil and Gas (Get Rating)

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 Williston Basin, the Appalachian Basin, and the Permian Basin in the United States.

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