Northern Oil and Gas Inc expected to post earnings of $1.19 a share - Earnings Preview

Northern Oil and Gas

26/04/2024 14:36

* Northern Oil and Gas Inc  NOG.N   NOG  is expected to show
a
rise in quarterly revenue when it reports  results on April 30
for the period ending March 31 2024
    * The Minnetonka Minnesota-based  company is expected to
report a
18.9% increase in revenue to $506.932 million from $426.23
million a year ago, according to the mean estimate from 9
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Northern Oil and Gas Inc
is
for earnings of $1.19 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 1.6%
in the last three months. ​
    * Wall Street's median 12-month price target for Northern
Oil and
Gas Inc is $53.50​, above​ its last closing price of $43.06. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  1.64        1.65       1.61      Missed  -2.5
 Sep. 30 2023  1.75        1.78       1.73      Missed  -2.6
 Jun. 30 2023  1.33        1.35       1.49      Beat    10.2​
 Mar. 31 2023  1.63        1.69       1.76      Beat    3.9
 ​​Dec.        1.66        1.65       1.43      Missed  -13.5
 31 2022                                                
 Sep. 30 2022  1.66        1.71       1.80      Beat    5.2​
 Jun. 30 2022  1.72        1.70       1.72      Beat    1.3
 Mar. 31 2022  1.25        1.27       1.58      Beat    24.5
 This summary was machine generated April 26 at 13:36 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)