Northern Oil and Gas Inc expected to post earnings of $1.22 a share - Earnings Preview

Northern Oil and Gas

27/07/2024 02:12

* Northern Oil and Gas Inc  NOG.N   NOG  is expected to show
a
rise in quarterly revenue when it reports  results on July 30
for the period ending June 30 2024
    * The Minnetonka Minnesota-based  company is expected to
report a
29.3% increase in revenue to $541.537 million from $418.79
million a year ago, according to the mean estimate from 9
analysts, based on LSEG data. ("Majority is on Total Revenue
basis", Quarters may not add up to annuals due to difference in
broker actual")
    * ​LSEG's mean analyst estimate for Northern Oil and Gas Inc
is
for earnings of $1.22 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 risen by
about 0.0%
in the last three months. ​
    * Wall Street's median 12-month price target for Northern
Oil and
Gas Inc is $49.50​, above​ its last closing price of $40.19. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  1.17        1.18       1.28      Beat    8.2
 Jan. 1 2024   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.        1.63        1.69       1.76      Beat    3.9
 31 2023                                                
 Dec. 31 2022  1.66        1.65       1.43      Missed  -13.5​
 Sep. 30 2022  1.66        1.71       1.80      Beat    5.2
 Jun. 30 2022  1.72        1.70       1.72      Beat    1.3
 This summary was machine generated July 27 at 01:12 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)