Northern Oil and Gas, Inc. (AMEX:NOG) is reporting second quarter earnings results on Friday 7th August 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.03 per share.
For the full year, analysts predict revenues of $ 883.50 million, while looking forward to income of $ 0.16 per share.
Previous Quarter Performance
Northern Oil and Gas, Inc. unwinded income for the first quarter of $ 0.04 per share, from the revenue of $ 130.20 million. The quarterly earnings dropped 42.86 percent while revenues contracted 9.75 percent compared with the same quarter last year.
According to street consensus, NOG was expected to report 1Q20 income of $ 0.03 per share from revenue of $ 152.41 million. The bottom line results beat street analysts by $ 0.01 or 33.33 percent, at the same time, top line results fell short of analysts by $ 22.21 million or 14.57 percent.
Historical Earnings Performance
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Stock Performance
The company has a market capital of $ 354.20 million and is part of the Energy sector and Oil & Gas E&P industry.
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Recent Analyst recommendations
- On 1st July 2020, upgraded by SunTrust Robinson Humphrey to Buy from Hold rating.
Conference Call
Northern Oil and Gas, Inc. will be hosting a conference call at 11:00 AM eastern time on 7th August 2020, to discuss its 2Q20 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.
