$326.52 Million in Sales Expected for Northern Oil and Gas, Inc. (NYSE:NOG) This Quarter

Equities research analysts expect Northern Oil and Gas, Inc. (NYSE:NOGGet Rating) to report $326.52 million in sales for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Northern Oil and Gas’ earnings, with the lowest sales estimate coming in at $302.00 million and the highest estimate coming in at $408.00 million. Northern Oil and Gas posted sales of $157.33 million during the same quarter last year, which suggests a positive year over year growth rate of 107.5%. The business 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 sales of $1.47 billion for the current fiscal year, with estimates ranging from $1.28 billion to $1.82 billion. For the next year, analysts forecast that the firm will report sales of $1.76 billion, with estimates ranging from $1.56 billion to $2.13 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Northern Oil and Gas.

Separately, StockNews.com assumed coverage on Northern Oil and Gas in a report on Thursday, March 31st. They set a “hold” rating for the company.

Shares of Northern Oil and Gas stock opened at $25.45 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 3.73. The firm has a market capitalization of $1.97 billion, a PE ratio of -24.95, a PEG ratio of 0.49 and a beta of 2.25. Northern Oil and Gas has a fifty-two week low of $12.07 and a fifty-two week high of $30.44.

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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