Equities analysts expect Northern Oil and Gas, Inc. (NYSE:NOG – Get Rating) to report sales of $386.83 million for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Northern Oil and Gas’ earnings, with estimates ranging from $327.00 million to $506.00 million. Northern Oil and Gas reported sales of $225.72 million during the same quarter last year, which would suggest a positive year over year growth rate of 71.4%. The firm is expected to report its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Northern Oil and Gas will report full-year sales of $1.56 billion for the current fiscal year, with estimates ranging from $1.36 billion to $1.99 billion. For the next year, analysts anticipate that the business will post sales of $1.86 billion, with estimates ranging from $1.57 billion to $2.18 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Northern Oil and Gas.
Separately, StockNews.com started coverage on shares of Northern Oil and Gas in a report on Thursday, March 31st. They issued a “hold” rating on the stock.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Wednesday, June 29th will be issued a $0.19 dividend. The ex-dividend date is Tuesday, June 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.91%. Northern Oil and Gas’s dividend payout ratio (DPR) is presently -25.34%.
Northern Oil and Gas Company Profile (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.
- Get a free copy of the StockNews.com research report on Northern Oil and Gas (NOG)
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