Northern Oil and Gas, Inc. (AMEX:NOG) is expected to report third quarter earnings results, before market open, on Friday 6th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.38 per share.
Looking ahead, the full year income are expected at $ 1.45 per share on the revenues of $ 696.70 million.
Previous Quarter Performance
Northern Oil and Gas, Inc. announced income for the second quarter of $ 0.02 per share, from the revenue of $ 20.66 million. The quarterly earnings shrunk 83.33 percent while revenues declined 88.92 percent compared with the same quarter last year.
According to street consensus, NOG was expected to report 2Q20 income of $ 0.03 per share from revenue of $ 98.82 million. The bottom line results missed street analysts by $ 0.01 or 33.33 percent, at the same time, top line results fell short of analysts by $ 78.16 million or 79.09 percent.
Stock Performance
Shares of Northern Oil and Gas, Inc. traded up $ 0.04 or 1.17 percent on Thursday, reaching $ 3.46 with volume of 1.10 million shares. Northern Oil and Gas, Inc. has traded high as $ 3.66 and has cracked $ 3.46 on the downward trend
According to the previous trading day, closing price of $ 3.46, representing a 2.09 % increase from the 52 week low of $ 3.35 and a 85.93 % decrease over the 52 week high of $ 24.30.
The company has a market capital of $ 155.56 million and is part of the Energy sector and Oil & Gas E&P industry.
Recent Analyst recommendations
- On 25th September 2020, initiated by Wells Fargo & Co at Overweight rating.
Conference Call
Northern Oil and Gas, Inc. will be hosting a conference call at 10:00 AM eastern time on 6th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.northernoil.com
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. As of December 31, 2018, it owned working interests in 4,792 gross producing wells; and had proved reserves of 135.5 million barrels of oil equivalent.
